Director Shareholding and Additional Listing


The Company announces that 8,000 ordinary shares of 1p each ("Shares") were 
issued on 26 January 2005 to Mr Charles Alexander, a non-executive director of 
the Company, as part of his annual remuneration. Following this issue, Mr 
Alexander has an interest in 40,307 Shares, representing approximately 0.05% of
the Company's issued ordinary share capital.

The Company further announces the exercise, by a former employee, of 100,000 
options over Shares.

Accordingly, application has been made to the UK Listing Authority and to the 
London Stock Exchange for 108,000 new Shares to be admitted to the Official List
and to trading on the main market of the London Stock Exchange. The new Shares 
will, upon Admission, rank pari passu with the Company's existing issued 
Ordinary shares, and dealings are expected to commence on 1 February 2005.

END