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06 January 2003

Dealing By Director

We have received confirmation today that on 15 October 2002, 20 shares held in a single company PEP on behalf of Laurel Powers-Freeling were sold at a price of 342.25p each. The sale was made to cover costs incurred following the consolidation of various PEP accounts and the transfer to a new Plan Manager. The sale has just come to light following receipt of a half year statement and was made without Mrs Powers-Freeling's knowledge.

Mrs Powers-Freeling now holds 9,567 shares, of which 3,250 are held in a PEP in the name of Sharelink Nominees Limited.

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