A summary of the combined/consolidated results and of the assets and liabilities of the Group prepared on the basis set out in notes below is set out as follows:

Notes:

1. The results of the Group for the year ended 31 March 1998 have been prepared on a pro forma consolidated basis using the merger basis of accounting as if the current group structure had been in existence throughout the year.

2. The results of the Group for each of the three years ended 31 March 1997 have been prepared on a pro forma combined basis as if the current group structure had been in existence throughout those years and are extracted from the Company's prospectus dated 30 September 1997.

3. The pro forma combined balance sheets as at 31 March 1996 and 31 March 1997 have been prepared on the basis that the current group structure was in place at those dates.