Lifemark announced on 2 March 2010 that there has been an event of default on a number of the Lifemark bonds. The Lifemark bonds underpin a number of retail investment products provided and administered by the UK company Keydata Investment Services Limited (Keydata) to UK consumers. This means that investors with these Keydata products will not receive income payments due to them at this time.

Wills & Co has written to its customers to explain the action taken by the FSA and to explain to those customers who have accounts with Wills & Co that their accounts will be transferred either to Pritchard Stockbrokers Limited or to The Share Centre Limited. Customers do not need to do anything in respect of the wind down of Wills & Co.

Further to our letter to investors dated 21 January 2010, here is an update on the latest developments in the proceedings against Mr Upton and Upton & Co.

The Chancellor has announced that the Government guarantee for retail deposits in Northern
Rock plc will be lifted three months from today. Fixed-term deposits in existing accounts will
be guaranteed to maturity.

Cantwell International has been cold calling people to promote shares in SK Resources Inc, Pioneer Exploration Inc and other companies. They are not authorised to provide financial services in the UK. If you have been contacted by this firm, please contact us.

The Freedom SIPP Limited, the operator of The Freedom SIPP, was wound up for non payment of tax in October 2009. Mattioli Woods plc has been appointed by the liquidators to ensure an orderly wind up of The Freedom SIPP.