To: All shareholders

Ernst & Young are holding a meeting on Monday, 19^th Sept 2005. This is basically asking for approval for Ernst & Young to complete the winding up of the business. It has become apparent that not all shareholders have received their letter – certainly, I did not and neither did many others I know..

The letter has been posted on the ‘News Weblog’ this evening so that ALL shareholders are able to see it.

Go to:

http://slk-action-group.com/blog/archives/09-01-2005_09-30-2005.html#411

In case you are unable to see the above link, the text has been reproduced below:

Please visit the following link for urgent information to all shareholders: ERNST & YOUNG UPDATE AND MEETING ON 19TH SEPT 2005. Shareholders can vote on a proxy form on whether or not they support Ernst & Young to continue with the winding up of the business (E&Y Proxy Form - click here). The SmartLogik Action Group leaves it up to individual shareholders to make this decision. Shareholders living in or around London are urged to attend the meeting and voice their concerns about the events at SmartLogik - in particular, why the assets were sold at such a low price without shareholder approval and why audited accounts for the business were never published. Tell them that there are many shareholders with excellent contacts in the technology sector who, if they had been asked by the SmartLogik board, would have been able to sell the assets for a lot more than BDO Stoy Hayward and the directors were able to do. You also could ask for information on the report submitted by Ernst & Young to the DTI on the conduct of the SmartLogik Directors. Very importantly, shareholders need to ask Ernst & Young, as official liquidator, to support the shareholders in their legitimate attempts to uncover the truth about what happened at SmartLogik. Urge Ernst & Young to do the right thing and support the shareholders of SmartLogik Group plc.

Please contact Luke Mann at Ernst & Young to let them know if you will be attending the meeting. Contact details for Luke Mann are:

E-mail address: lmann@...
Tel: 0207 951 9977
Fax: 0207 051 9234

Good luck to all shareholders.

Best regards,

Justin Jones

For SmartLogik Action Group