Director's shareholding

On 17 June 2005, awards granted under the Company's Long-Term Incentive Plan (LTIP) vested. As a consequence, 12,500 ordinary shares in the Company were released from the LTIP and transferred to Mike Pilkington. Mr Pilkington sold 5,141 ordinary shares and retained 7,359 ordinary shares.

Mr Pilkington's total shareholding in the Company is now 7,359 shares.

Maria Buxton-Smith

Assistant Company Secretary

20 June 2005