The company announces the following unaudited data relating                
to its portfolio of investments as at  29 December 2003:                   
Total Assets (Excl Current Yr Revenue)                                    �
                                                                 41,908,949
Total Bank Debt                                                           �
                                                                 19,600,000
                                                                          �
                                                                 22,308,949
Liability Due To Zero Dividend Prefs                                      �
                                                                 10,599,455
Net Assets Attributable to Ordinary Shareholders (Excl current            �
year revenue)                                                    11,709,494
Nav (Excl current year revenue) Per Ordinary Share                   41.82p



END