June '06 SR

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" height=90 BGCOLOR="#006699" TEXT="#080000" background="043d05a3.jpg"> <div> <FONT SIZE="5" COLOR="#000000" FACE="Arial" ><B>MORGAN VENTURES LIMITED</B></FONT><B>    </B><B> |     </B><A HREF="index.htm" TARGET="_top" TITLE="MORGAN VENTURES LIMITED"><B>home</B></A></div> <div> <A HREF="id66.htm" TARGET="_top" TITLE="DEC.05 SH">DEC.'05 SH</A>   |   <A HREF="id83.htm" TARGET="_top" TITLE="June 06 SH">June '06 SH</A>   |   <A HREF="id84.htm" TARGET="_top" TITLE="P2">P2</A>   |   <A HREF="id85.htm" TARGET="_top" TITLE="P3">P3</A>   |   <A HREF="id86.htm" TARGET="_top" TITLE="P4">P4</A>   |   <A HREF="id87.htm" TARGET="_top" TITLE="P5">P5</A>   |   <A HREF="id88.htm" TARGET="_top" TITLE="P6">P6</A>   |   <A HREF="id89.htm" TARGET="_top" TITLE="P7">P7</A>   |   <B>June '06 SR</B>   |   <A HREF="id91.htm" TARGET="_top" TITLE="Mar.06 QR">Mar.'06 QR</A>   |   <A HREF="id92.htm" TARGET="_top" TITLE="June 06 QR">June '06 QR</A>   |   <A HREF="id93.htm" TARGET="_top" TITLE="Mar.06 SR">Mar.'06 SR</A>   |   <A HREF="id94.htm" TARGET="_top" TITLE="Sep.06 SH ">Sep.'06 SH </A>   |   <A HREF="id95.htm" TARGET="_top" TITLE="Page 2">Page 2</A>   |   <A HREF="id96.htm" TARGET="_top" TITLE="Page 5">Page 5</A>   |   <A HREF="id100.htm" TARGET="_top" TITLE="Page 6">Page 6</A>   |   <A HREF="id101.htm" TARGET="_top" TITLE="Page 7">Page 7</A>   |   <A HREF="id102.htm" TARGET="_top" TITLE="Dec.06 SH">Dec.06 SH</A>   |   <A HREF="id103.htm" TARGET="_top" TITLE="Page 2">Page 2</A>   |   <A HREF="id104.htm" TARGET="_top" TITLE="Page 3">Page 3</A>   |   <A HREF="id105.htm" TARGET="_top" TITLE="Page4">Page4</A>   |   <A HREF="id106.htm" TARGET="_top" TITLE="Page 5">Page 5</A>   |   <A HREF="id107.htm" TARGET="_top" TITLE="Dec. 06 QR">Dec. 06 QR</A>   |   <A HREF="id108.htm" TARGET="_top" TITLE="Dec. 06 SR">Dec. 06 SR</A>   |   <A HREF="id109.htm" TARGET="_top" TITLE="June 07 SH">June 07 SH</A>   |   <A HREF="id110.htm" TARGET="_top" TITLE="Page 2">Page 2</A>   |   <A HREF="id111.htm" TARGET="_top" TITLE="Page 3">Page 3</A>   |   <A HREF="id112.htm" TARGET="_top" TITLE="Page 4">Page 4</A>   |   <A HREF="id113.htm" TARGET="_top" TITLE="Page 5">Page 5</A>   |   <A HREF="id114.htm" TARGET="_top" TITLE="March 07 SH">March '07 SH</A>   |   <A HREF="id115.htm" TARGET="_top" TITLE="Sh 07p2">Sh 07-p2</A>   |   <A HREF="id116.htm" TARGET="_top" TITLE="Sh 07 p3">Sh '07 -p3</A>   |   <A HREF="id117.htm" TARGET="_top" TITLE="Mar. 08 SH">Mar. 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'08 SR</A>   |   <A HREF="id97.htm" TARGET="_top" TITLE="Page 3">Page 3</A>   |   <A HREF="id98.htm" TARGET="_top" TITLE="Page 4">Page 4</A></div> <div> </div> </td> </tr><tr> <td valign="top" height=390 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <I>June '06 SR</I></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="686" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP COLSPAN=5 HEIGHT= 39 WIDTH="668"><div> <B>Segmentwise Revenue,Results and Capital Employed under Clause 41 of the Listing Agreement</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="213" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="213" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><div> (Rs.in lacs)</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="213"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="38" ALIGN="bottom" WIDTH="213" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="107"><div> Unaudited Results</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> Unaudited Results</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> Unaudited Results </div> </tD> <tD VALIGN=TOP WIDTH="108"><div> Audited Results</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="213" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div>  for the Quarter </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>  for the Quarter </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="114"><div> Year Ended</div> </tD> <tD VALIGN=TOP><NOBR><div> for the Year</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 39 WIDTH="213"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="213" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="107"><div> <B>Ended 30.06.2006</B></div> </tD> <tD VALIGN=TOP WIDTH="114"><div> <B>Ended 30.06.2005</B></div> </tD> <tD VALIGN=TOP WIDTH="114"><div> <B>30.06.2006</B></div> </tD> <tD VALIGN=TOP WIDTH="108"><div> <B>Ended 30.06.2005</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="213" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="213"><div> <B>Segment Revenue</B></div> </tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 ><NOBR><div> Fund Based Activities</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="107"><div> 0.03</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 25.32</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 200.42</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 80.07</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><div> Investments</div> </tD> <tD VALIGN=TOP WIDTH="107"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 229.33</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 1242.85</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><div> Windmill Operation </div> </tD> <tD VALIGN=TOP WIDTH="107"><div> 220.01</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 104.42</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 435.03</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 162.88</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 39 WIDTH="213"><div> <B>Net Sales/Income form Operations </B></div> </tD> <tD VALIGN=TOP WIDTH="107"><div> <B>220.04</B></div> </tD> <tD VALIGN=TOP WIDTH="114"><div> <B>129.74</B></div> </tD> <tD VALIGN=TOP WIDTH="114"><div> <B>864.78</B></div> </tD> <tD VALIGN=TOP WIDTH="108"><div> <B>1485.80</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="213" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="213"><div> <B>Segment Results </B></div> </tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 39 WIDTH="213"><div> <B>(Profit before Interest and Tax)</B></div> </tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 ><NOBR><div> Fund Based Activities</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="107"><div> -163.17</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 17.40</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> -10.07</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 31.04</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><div> Investments</div> </tD> <tD VALIGN=TOP WIDTH="107"><div> -6.22</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 222.51</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 1230.47</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><div> Windmill Operation </div> </tD> <tD VALIGN=TOP WIDTH="107"><div> 183.60</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 71.31</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 299.29</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 29.78</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 ><NOBR><div> <B>Total Segment Results</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="107"><div> <B>14.21</B></div> </tD> <tD VALIGN=TOP WIDTH="114"><div> <B>88.71</B></div> </tD> <tD VALIGN=TOP WIDTH="114"><div> <B>511.73</B></div> </tD> <tD VALIGN=TOP WIDTH="108"><div> <B>1291.29</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 ><NOBR><div> Less : Interest Expense</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="107"><div> 350.95</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 350.99</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 5.04</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 38 WIDTH="213"><div> Less : Unallocable Expenditure</div> </tD> <tD VALIGN=TOP WIDTH="107"><div> 0.10</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 0.41</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 1.21</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 ><NOBR><div> <B>Total Profit Before Tax</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="107"><div> <B>-336.84</B></div> </tD> <tD VALIGN=TOP WIDTH="114"><div> <B>88.71</B></div> </tD> <tD VALIGN=TOP WIDTH="114"><div> <B>160.33</B></div> </tD> <tD VALIGN=TOP WIDTH="108"><div> <B>1285.04</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="213" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP COLSPAN=2 HEIGHT= 20 ><NOBR><div> <B>Capital Employed (Segment Assets less </B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 ><NOBR><div> <B>Segment Liabilities)</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 ><NOBR><div> Fund Based Activities</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="107"><div> 5905.47</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> -294.24</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 5905.47</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> -409.56</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><div> Investments</div> </tD> <tD VALIGN=TOP WIDTH="107"><div> 483.93</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 1485.35</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 483.93</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 1485.54</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><div> Windmill Operation </div> </tD> <tD VALIGN=TOP WIDTH="107"><div> 2023.23</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 2049.93</div> </tD> <tD VALIGN=TOP WIDTH="114"><div> 2023.23</div> </tD> <tD VALIGN=TOP WIDTH="108"><div> 1978.80</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 39 WIDTH="213"><div> <B>Total Capital Employed in the Company</B></div> </tD> <tD VALIGN=TOP WIDTH="107"><div> <B>8412.63</B></div> </tD> <tD VALIGN=TOP WIDTH="114"><div> <B>3241.04</B></div> </tD> <tD VALIGN=TOP WIDTH="114"><div> <B>8412.63</B></div> </tD> <tD VALIGN=TOP WIDTH="108"><div> <B>3054.78</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="213" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="213"><div> <B>Notes :</B></div> </tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="213"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="213" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="107"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="107" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="114"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="114" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="108"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="108" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP ROWSPAN=2 COLSPAN=5 HEIGHT= 1 ><NOBR><div> 1. Segments have been identified in line with the Accounting Standard on Segment Reporting. </div> </NOBR></tD> </tR> <tR> </tR> <tR> <tD VALIGN=TOP ROWSPAN=4 COLSPAN=5 HEIGHT= 1 WIDTH="668"><div> 2. Segment Revenue,Results and Capital Employed figures include the respective amounts identifiable to each of the segments.Unallocable  expenditure  includes expenses  incurred at a  corporate level  which relate to the company as a whole.</div> <div>     </div> </tD> </tR> <tR> </tR> <tR> </tR> <tR> </tR> </TABLE></div> <bR> </td> </tr></table></body>