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INSTITUTIONAL INVESTORS

Cross Atlantic Capital Partners
JP Morgan
Liontrust
Glasgow Investment Managers

Key Shareholders
RNS Announcements

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KEY SHAREHOLDINGS

The number of shares on issue is 9,249,549 (weighted average in the period 1 July 2006 to 31 December 2006)

DIRECTOR SHAREHOLDINGS

D Scott 86,688 0.9%
S Nairn 977,123 10.5%
G O’Neill 1,016,634 10.9%
S Thurlow 258,079 2.8%
M Samuels 574,385 6.1%

SIGNIFICANT INSTITUTIONAL SHAREHOLDERS (> 3%)

Cross Atlantic Technology Fund LP 1,684,475 18.2%
Liontrust Investment Services Ltd 1,070,121 11.5%
JP Morgan Asset Management (UK) Ltd 1,123,616 12.1%

The percentage of shares not held in public hands is 72%
The company is not aware of any restrictions on the transfer of shares

This information has been disclosed to comply with AIM rule 26

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