SHAREHOLDERS' FUNDS

Figures for 2004 and later years are prepared in accordance with International Financial Reporting Standards (“IFRS”), whereas previous figures have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice (“UK GAAP”). For comparability, the 2004 figures have been adjusted to reflect the IAS 32/39 transitional adjustments of £120m.

The red bands show the Company’s Convertible Loan Notes in issue between 2000 and 2005: £19m (2000), £16m (2001), £12m (2002), £12m (2003), £6m (2004), £Nil (2005 and subsequently).