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Holding in Company

The Company received notification on 15 June 2005 from Principle Capital Partners Limited that as at 14 June 2005, Bulldog Financial Limited has a beneficial interest in 3,185,000 ordinary shares in the Company representing 8.43 per cent of the issued share capital of that class.

As the investment manager of Bulldog Financial Limited, Principle Capital Partners Limited is interested in Bulldog Financial Limited´s interest as disclosed above.

In addition, Principle Capital Holdings Societe Anonyme is interested in Bulldog Financial Limited´s interest in shares as disclosed above.