CCF & PARTNERS ASSET MANAGEMENT LIMITED

The above-named Company has approved a payment out of capital for the purpose of acquiring its own shares by purchase. The amount of the permissible capital payment for the shares in question is £29,000,000 and the date of the resolution for payment out of capital was 12 November 2007. The Statutory Declaration of the Directors and the Auditors’ report required by section 173 of the Companies Act 1985 are available for inspection at the Company’s registered office, 8 Canada Square, London E14 5HQ. Any creditor of the Company may at any time within the five weeks immediately following the date of the resolution for payment out of capital apply to the Court under section 176 of the Companies Act 1985 for an Order prohibiting the payment.

By Order of the Board.

M Kay, Director

16 November 2007.