Reconciliation of Movements in Shareholders’ Funds

For the year ended 31 December 2005

2005
£m
Restated(1)
2004
£m
(Loss)/profit for the financial year (1.2) 1.9
Dividends (6.1) (9.3)
(7.3) (7.4)
Exchange rate movements on foreign net investments - (0.4)
New share capital subscribed - 0.1
Net decrease in shareholders’ funds (7.3) (7.7)
Opening shareholders’ funds 83.9 91.6
Closing shareholders’ funds 76.6 83.9

(1) The 2004 opening and closing shareholders’ funds have been restated to comply with FRS 21. This restatement has increased 2004 closing shareholders’ funds by £3.7 million.

Information correct at 05/05/2006