Application for cancellation of AIM admission

Tuesday, 17 January 2006

Application for cancellation of AIM admission

The Company today announced that it had applied to London Stock Exchange PLC to cancel the trading of its common stock of US$000000002 each (Common Stock) on AIM with effect from January 17, 2006.

Following the cancellation from AIM the Ordinary Shares will remain tradable on NASDAQ.

The Board has made its decision as it feels that the costs of maintaining the AIM admission outweighs any benefits to the Company and holders of Common Stock (Stockholders).

The proposal to cancel the AIM admission was put to the Stockholders on November 30, 2005 where 99 per cent of the votes cast at that meeting were in favor of the proposal.