22 September 2006

Medium Term Incentive Plan (“MTIP”) and Share Options

The Company announces that the issue of further shares to the Company’s MTIP has been approved today by the Remuneration Committee and that further provisional allocations over those shares have been granted to Ken Scott and Jon Pickles. Additionally, further shares will be issued to the plan as a reserve for future grants. Following this issue the shares and grants are as follows:

Accordingly, 750,000 new ordinary shares of 10p each will be issued and allotted, at a price of 99p, to Investec Trust Guernsey Ltd as Trustee under the terms of the Company’s Medium Term Incentive Plan (“the Plan”).

The new ordinary shares will rank pari passu with the existing ordinary shares of 10p each in the Company and trading of these shares on AIM is expected to commence on 27 September 2006. Following this there will be 19,358,762 ordinary shares in issue.

The Trustee will after this issue hold 1,850,000 shares representing 9.9% of the Company’s issued share capital. Under the terms of this plan, allocated shares will vest with executive directors and senior management on achievement of individual and company performance criteria as determined by the Company’s remuneration committee at the time of grant.

The Company also further announces that additional share options have today been granted to Ken Scott over 298,271 ordinary shares of 10p each and to Jon Pickles over 119,309 ordinary shares of 10p each. Both options are granted at a price of 99 pence per share and are exercisable at any time between 22 September 2008 and 22 September 2016.

Following these grants, the Directors and Staff have the following shares under option:

It is company policy for all staff to share in the options scheme.