Helping growth companies to achieve their ambitions

FINEX23 September 2008

PLUS Markets - the UKs new stock exchangeTransparent and well regulated market placeAuthorised and regulated as a stock exchange by the FSARecognised Investment Exchange status in 2007Choice of markets for fully listed or growth companiesRules and requirements appropriate to the needs of our customers

Efficient share trading facilitiesNew trading platform launched in November 2007 (MiFID)Full stock coverage including the FTSE All-share and FTSEurofirst Over 8,000 securities traded including both equity and debt

Supportive environmentExperienced market practitionersAn accomplished community of advisors

PLUS-quotedDesigned specifically for small and medium sized companiesNo minimum size (market capitalisation)No minimum trading recordNo minimum free float (available shares)No shareholder approval required for large transactions

PLUS regulation team provides additional quality controlKey difference between AIM and PLUS

A specialist membership of advisers, brokers and market makersQuote driven book (market makers) provides for liquidityPLUS-HQ (hittable quote board)PLUS-pool (dark liquidity pool)

A market for growth and opportunityMeeting the needs of companiesRaise growth capitalIncentivise employeesUse paper to make acquisitionsA transparent trading facility for shareholdersIncrease profile and visibilityEnhance status with customers, suppliers and partners

Providing opportunities for investorsA transparent and well regulated market placeFacilitating liquidity in the secondary marketSecurity and confidence of a public marketRegular updates and a channel for communicationVarious tax reliefs available

A growing marketSignificant increase in fundraising and institutional involvement (+44%)Lambolle Partners, January 081 millionESV Group, February 081.5 millionWoodpseen Training, March 082 millionFluid Leader Group, March 085 millionSeven Arts Pictures, May 085 millionChina CDM Exchange, May 0810 million

Significant investors include:Aberdeen Asset ManagementSinger and FriedlanderGuinness PeatArtemisLombard Asset ManagementEvolve Capital (PLUS specific fund)

A growing marketConsistent growth for the past three years (+14%)A strong start to 2008 and a healthy pipeline:37 new applications30 new admissions (220 companies in total)59 secondary market fundraisings

Increasing share of secondary market liquidity63 PLUS member firms including leading high-volume stockbrokers and liquidity providers2.1 million trades worth 17 billion executed on PLUS during the period January to June 2008 (580% increase on same period 2007)In 2008 the daily number of trades on PLUS has consistently exceeded 17,000 with an average daily value of over 135 million

Historically companies moved up to AIM, now two way traffic

Mining companies17 PLUS-quoted companies, roughly 8% of the market, are classified as mining companies (some classified as investment vehicles)The average market capitalisation of mining companies on the PLUS-quoted market is 4m (largest Ascot Mining 9.7m, smallest 0.8m)Operations are based in a wide range of countries including Sweden, Costa Rica, South Africa, China, Australia and the USA

4 mining companies have joined PLUS in 2008 to date:U308 Holdings joined in January 2008 (market cap. 4.8m)Ascot Mining joined in April 2008 (market cap. 9.5m)Silver Mines joined in June 2008 (market cap. 2.1m)World Mining Services joined in August 2008 (market cap. 3.7m)

A diverse market

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Support Services12%

Diversified Industries2%

Mining5%

Media & Entertainment9%

Speciality & other finance38%

Health4%

Investment Companies3%

Transport2%

Telecomms

Oil & Gas4%

Quoted on Plus by sector

Quoted on PLUS by sector

New AdmissionsNumber of FundraisersTotal Money Raised (m)Speciality & other financeOil & GasMiningMedia & EntertainmentDiversified IndustriesSupport ServicesSoftware & Computer ServicesTelecommunicationTransportSteel & other metalsInvestment CompaniesConstruction & Building MaterialsElectronic & Electronic EqptEnginieering & MachineryHealthReal EstateAerospace & defencePharmaceuticals & biotechnologyBeveragesLeisure & HotelsGeneral RetailersInvestment EntitiesChemicals

2006

Jan101

Feb3021

March2011

April62954750.0021111

May80311111

June31480000.00111

July2011

August91455565.0032121

September802111111

October7031111

November534434970.00221

December743160000.002311

2006 Total61119485285.002221611051141111111161

2007

Jan5011111

Feb6011112

March421418150.004

April501121

May502111

June505

July7021211

August2011

September

October

November

December

2007 Total3921418150.0016243121311211139

Speciality & other financeOil & GasMiningMedia & EntertainmentDiversified IndustriesSupport ServicesSoftware & Computer ServicesTelecommunicationTransportSteel & other metalsInvestment CompaniesConstruction & Building MaterialsElectronic & Electronic EqptEnginieering & MachineryHealthReal EstateAerospace & defencePharmaceuticals & biotechnologyBeveragesLeisure & HotelsGeneral RetailersInvestment EntitiesChemicals

3845921218213111411111111

Quoted on Plus by sector

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Companies Quoted on PLUS by sector

Oil & Gas4%

Telecommunication

Transport2%

Investment Companies3%

Health4%

Speciality & other finance38%

Media & Entertainment9%

Mining5%

Diversified Industries2%

Support Services12%

Key Investors 06-07

Key Investors 2006 to 2007

Sector / Company NameMoney RaisedDate of AdmissionPlus Corporate AdvisorSubstantial Investors & Percentage OwnershipNomineesBrokerRegistrars

2006

All Star Minerals plc$450,0004/13/06St Helen's Capital plc.Carole Rowan 36.38%Brewin Nominees Limited 4.76%

Broughton Limited 12.40% (see note one)

Beowulf Mining Plc 9.52%

Sunvest Corporate Limited 6.20% (see note two)

ZimNRG plc$675,0008/21/06Loeb Aron & Company Ltd.Somers Investments Ltd 36%

Loeb Aron & Co Ltd 22%

RAB Special Situations Fund Limited 22.6%

Venture Six plc$400,000.0011/3/06Fisher Corporate plc.Harmony Holdings Limited 29.9%

Fairholt Resource Investments plc600,000.0012/12/06Ruegg & Co Ltd.Sunvest Corporation Limited 28.4

Bateleur Resources Ltd 17%

Peach Holdings Limited 8.5%

Ruegg & Co Limited 6.8%

Telecommunication

Hello Telecom (UK) plc480,00005/06/2006City & Merchant Corporate Finance Ltd.City and Merchant Equities 4.6%

Chemicals

Greenkote plc$504,7504/7/06Atlantic Law.Yozma Venute Capital Ltd[3] 8.24%

CSS Capital Managers LLP 5.96%

Rantam (1998) Ltd[4] 5.32%

Media and Entertainment

Branded Entertainments plc$497,000.0011/6/06St Helen's Capital plc.Addworth Plc 19.2%Hythe Securities LimitedShare Registrars Limited

Tigerhawk 6.9%

Hythe Securities 24.6 %

G Hampson-Silk 5.0 %

Silverback Media plc$3,537,970.0011/8/06Atlantic Law.Pioneering Technology 12.07%

Cameron Jane Clinton 4.46%

Ontario Inc 4.39%

Wheddon Limited 3.08%

Ronalod Wyles 4.62%

Etrade Securities Limited 4.04%

Paul Amsellem 4.9%

Real Estate

Key Real Estate Ltd210,000.0006/12/2006Fisher Corporate plc.Far Blue Limited 29.71%

Sherrygreen Limited 13.12%

Support Services

Mastermailer Holdings PLC850,000.0012/22/06Dawnay Day Corporate Finance LimitedLugard Investments Limited 15%

Singer & Friedlander 11.5%

Close Brothers 6.3%

Harris Allday 3.1%

General Medical Clinics plc1,500,000.0012/29/06Axiom Capital Ltd.Lend Lease Property Corporation Ltd 11.48%

Societe General d'Investissements 5.06%

Watertown investments Inc 4.60%

Nexus Structured Finance Ltd and Subsidiaries 4.19%

2007

Speciality and other finance

Azurite Investments plc1,000,00005/03/2007City Financial Associates Ltd.Simon Corney 37.74%

Daniel Stewart & Company Plc

High Road Capital plc418,15007/03/2007Ruegg & Co Ltd.Sunvest Corporation Limited 29.94%Pershing Keen Nominees

Hichens Harrison Ventures Limited 23.67%

Ruegg & Co Limited 5.57%

Axuia Capital Limited 5.57%

WS Nominees Limited 3.48%

Pershing Keen Nominees Limited 12.81%

Authorised UserCASH SHELL

Authorised User:The Shares in Harmony Holdings are held by a professional trust.

Authorised User:The owners of Fairholt also own shares in Ruegg & Co

Authorised User:CASH SHELL

Authorised User:New corporate advisor and broker appointed

Authorised User:CASH SHELL

Performance of advisors

Performance of advisors by price of PLUS new issues 2006 / 2007

RankCompany NameNumber of AdmissionsMoney Raised (m)

1Atlantic Law2$3,537,970.00$504,750$4,042,720.00

2Axiom Capital Ltd.11,500,000.001,500,000.00

3City Financial Associates Ltd.11,000,0001,000,000.00

4Dawnay Day Corporate Finance Limited1850,000.00850,000.00

5St Helen's Capital