To: SmartLogik Action Group.

In early March, the SmartLogik Action Group made an official request
for information under the "right to know" Freedom of Information Act -
see the post of 5th March 2005 on the News Weblog:

http://slk-action-group.com/blog/archives/03-01-2005_03-31-2005.html#332

This request was made to the UK Listing Authority, which is part of
the Financial Services Authority (FSA) in the UK. They are the public
body that authorised the waiver to the directors of SmartLogik Group
plc that enabled them to sell the core assets without firstly asking
for shareholder approval and, to avoid the publication of audited
accounts for 2001.

Unfortunately, we have now received their response and they are
refusing to provide any information. This is because they deem it to
be against the public interest. So much for Freedom of Information and
the "right to know"! What about the interests of the thousands of
shareholders and their families who were directly affected by the
events at SmartLogik and have still had no accountability? It is no
wonder that our trust in the stock market and the regulators is so
low. It also is not surprising that the stock market continues to
under-perform and we have a serious pensions crisis.