Directors' report (continued)

Substantial

At 14 September 2001 the Company had been notified of the following

shareholdings

beneficial shareholdings of 3% or more in the ordinary share capital of

the Company.

Shares

%

Henderson Global Investors

1,959,600

12.01

Herald Investment Trust plc

1,388,127

8.5

Supplier payment

The Group agrees terms and conditions with individual suppliers at the

policy

time orders for the services are placed.  It is the Group's policy to make

payment in accordance with those terms and conditions providing they

have been fully complied with by the supplier.

The Group's trade creditors at 30 June 2001, calculated in accordance

with the requirements of the Companies Act 1985, were 43 days (2000  

76 days).

Auditors

A resolution to reappoint Deloitte & Touche as auditors will be proposed

at the forthcoming Annual General Meeting.

By order of the Board 

A Sparshatt

Company Secretary

21 September 2001

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