Our remuneration policies.

1.

In January 2009, Kate Avery stood down from the Board. On cessation of employment she was paid statutory and contractual entitlements only. Her remuneration above reflects 20 working days in January (1 – 28). However, she left the Company on 31 August 2009 and was paid in total £256,667 up to that date. Following termination of employment she was paid a further £135,000 as the first stage of her contractual and statutory entitlements in relation to loss of office. The second and final payment of £135,000 is due in April 2010. Kate Avery’s unvested Share Bonus Plan awards lapsed on her cessation of employment. No amounts were paid in lieu of bonus or share incentives.

2.

Mark Gregory was appointed to the Board on 28 January 2009. His remuneration above reflects the period 28 January to 31 December 2009 (240 working days).

3.

Andrew Palmer stood down from the Board on 1 September 2009. His pay reflects 168 working days (from 1 January to 1 September 2009). However, he left the Company on 31 December 2009 and his base salary was in total £460,000 up to that date. His bonus payment is pro-rated for the period 1 January to 1 September 2009. No additional bonus was paid for the period after 1 September.

4.

Nigel Wilson was appointed to the Board on 1 September 2009. His bonus is pro-rated to reflect four months of employment from September to December 2009.

5.

Benefits include car allowances, medical insurance and travel expenses for work purposes.

The information in this table has been audited by the independent auditors, PricewaterhouseCoopers LLP.