To: Members of SmartLogik Action Group

Using the new legislation under the Freedom of Information Act, a
request has been made today to the UK Listing Authority (part of the
Financial Services Authority, http://www.fsa.gov.uk) for information
regarding the circumstances of the waiver. This was the waiver that
enabled the board of SmartLogik to avoid the normal procedure of
calling an EGM for Class One Disposal of Assets and also to avoid
the filing of financial accounts for the year 2001.

In particular, we are requesting information on the valuation of the
assets that were sold without shareholder approval, because they
were clearly sold at a significant undervalue to their true worth
and this makes up a sigificant element of the damage to shareholders.

We look forward to hearing from them promptly, as required by the
legislation, and in any case within 20 working days.

Please also visit our website:

http://slk-action-group.com

This now reflects the fact that the SmartLogik Action Group is
affiliated to the UK Shareholders' Association, which gives our
cause further official recognition.