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COMPANY ANNOUNCEMENTS & PRESS RELEASES

May 2003 - UK based, Harlon Management Services Limited (Overseas Properties Division) announced its entry into the Malta and Gozo property market in association with Frank Salt Real Estate Ltd., a long established estate agency with outlets throughout Malta and Gozo. Harlon Overseas Properties will be marketing prestigeous homes and business premises in Malta and Gozo in the UK market. Harlon has also added Spain and will be looking for associations in Cyprus, Greece, Portugal, Turkey, and other Mediterranean destinations popular with British residents abroad. For further information email overseas@harlon.co.uk or log on to www.harlon.co.uk.

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