Capital Structure at 31 May 2010

Outstanding at 31 May 2010

LSE Ticker

Ordinary Shares in issue

17,719,502

ECIT

Percentage of Ordinary Shares not in public hands

59%

Ordinary shares

The Company has 17,719,502 ordinary shares in issue of which 100,000 are held in treasury. The ordinary shares are entitled to all the profits of the Company available for distribution and resolved to be distributed.

On winding up, the ordinary shares will be entitled, after the payment of debts and satisfaction of all liabilities of the Company, to the revenue and remaining assets of the Company.

Substantial Shareholders at 31 May 2010


% Holding

National Life & Pensions (L) Limited

52.5%

Ingot Capital Management Pty Ltd

7.4%

Lazard Asset Management

6.8%

Custody Equity Management Limited

4.4%

There are no restrictions on the transfer of the Company's securities