MEI is NRT's subsidiary.
Application has been made for a further 2,523,000 shares of common stock of US$0.00000002 each in the Company to be admitted to trading on the Alternative
Investment Market pursuant to the exercise of warrants at US$4.00 each.
It is expected that dealings in this new common stock, which will rank pari passu in all respects with the existing common stock, will commence on 5 December 2003.
Gerry