The Board of Tulip is pleased to announce that as at 3:00pm on 13 August 2007 valid acceptances of the Revised Offer have been received in respect of a total of 12,985,722 Trace Shares, representing approximately 91.13 per cent. of the existing issued share capital of Trace (excluding shares held in treasury that are not subject to the Revised Offer), which together with 169,327 Trace Shares beneficially owned by Tulip and representing 1.19 per cent. of the issued share capital of Trace, total 13,155,049 Trace Shares, representing 92.32 per cent. of the issued share capital of Trace.

Following the announcement by Tulip on 8 August 2007, application has been made to the Financial Services Authority for the listing of Trace Shares on the Official List to be cancelled and to the London Stock Exchange for the admission to trading of Trace Shares to be cancelled. Cancellation of the listing of Trace Shares on the Official List and the cancellation of the admission to trading of Trace Shares on the London Stock Exchange is expected to take effect from 8.00am on 6 September 2007.

The cancellation of the listing of Trace Shares will substantially reduce the liquidity and marketability of any Trace Shares not accepted under the Revised Offer and their value may be affected as a consequence. Tulip urges Trace Shareholders who have not already accepted the Revised Offer, and who now wish to accept the Revised Offer, to follow the procedure for acceptance set out below.

Trace Shareholders who hold Trace Shares in certificated form (that is, not in CREST) and who wish to accept the Revised Offer (and, if relevant, to elect for the Loan Note Alternative) and who have not done so already are urged to complete, sign and return the Form of Acceptance which has been posted to them with the Offer Document (together with their share t (together wt (together with their share certificate(s) and any other documents of title) by 1.00p.m. (London time) on 28 August 2007 by post or by hand to Computershare at PO Box 859, The Pavilions, Bridgwater Road, Bristol, BS99 1XZ.

If you hold your Trace Shares, or any of them, in uncertificated form (that is, in CREST), to accept the Revised Offer in respect of those Trace Shares (and, if relevant, to elect for the Loan Note Alternative), you should follow the procedure for Electronic Acceptance through CREST so that the TTE instruction settles by 1.00p.m. (London time) on 28 August 2007. If you hold your Trace Shares as a CREST-sponsored member, you should refer to your CREST sponsor as only your CREST sponsor will be able to send the necessary TTE instructions to CRESTCo.

Terms herein have the same meaning as in the Offer Document dated 10 July 2007, save where the context requires otherwise.