To: All Shareholders

For your information, a follow up article on the SmartLogik Action Group is being published in Shares Magazine out this Thursday, 8^th September in all leading news outlets, e.g. WH Smiths, etc. Please do get your copy!

This is specifically referring to the response or, rather the lack of response (!!!???), we have received from the Financial Services Authority (FSA) regarding the request for information under the “right to know” Freedom of Information Act and the response from another FSA Department regarding the scandalous events at SmartLogik Group plc in 2001 / 2002. The other department has asked us to explain why we did not complain to them earlier – because SmartLogik happened over 12 months ago, they deem it to be no longer their responsibility, which is of course ridiculous!

Needless to say, we will NOT be giving up and intend to now proceed with the FSA internal review and complaints procedure. (Now that Parliament is resuming work again, we also will be contacting our M.P’s). We will be explaining to the FSA that we have, for the last 3 years, been complaining to the official liquidator, Ernst & Young and are still doing so. Let’s hope that Ernst & Young, this well-known and respected name, will at last stop hiding behind procedure - i.e. that the creditors come before the shareholders, who are a long, long way down the pecking list – and, actually do the RIGHT THING instead. The right thing is to champion the SmartLogik shareholders’ cause, because it stands for ACCOUNTABILITY, THE RIGHT TO VOTE, FINANCIAL VISIBILITY, CORPORATE GOVERNANCE, which are all fundamental SHAREHOLDER RIGHTS and we were robbed of all of these fundamental rights. All shareholders are watching this case and its outcome.

Your other shareholding, pension or job could be next!

Best regards,

Justin Jones