To: SmartLogik Action and all shareholders.

Please see the update below from the UK Shareholders' Association.
This is regarding the fight to improve shareholder rights in the UK.


Shareholder Rights Progress and UKSA InvestFest Announcement

This note is to brief those people who responded to our campaign on
shareholder rights on the current position and also advise you of our
forthcoming national gathering.

Shareholder Rights for Nominee Shareholders

We previously asked people to write to their MPs on the issue of
enfranchising shareholders who hold their shares in nominee accounts.
The Company Law Reform Bill that is currently passing through
Parliament and suitable amendments to the Bill were introduced by
Conservative peer Lord Hodgson in the House of Lords. There was also
support from the Liberal Democrats and cross-benchers, but the
Government rejected the proposed revisions and seems to be obdurate in
refusing to consider changes in this area. UKSA and many other
commentators, including sections of the financial services industry,
feel that the Bill as it stands will be totally ineffective in
providing proper rights to nominee shareholders so all we can ask you
to do is persist with representations to your Members of Parliament.
Please write to them in your own words now, if you have not already
done so!

In the meantime UKSA will continue to fight for the rights of private
investors in this and other areas.


InvestFest UKSA National Gathering

The UK Shareholders Association has announced that its annual
conference will be held on May 12th to 14th this year in Banbury. This
event, which is called InvestFest, is open to non-members and will
include an impressive speaker programme. This Gathering is designed to
provide attendees with opportunities for:

- sharing knowledge of investment opportunities,

- exploring how to assess the potential of an Aim company,

- discussing with experts possible market trends,

- discovering how the analysts choose winners,

- learning new techniques,

- finding better ways of accessing information,

- considering what are the issues facing private investors

- discussing VCTs

More information is available on this event on our web site at:
www.uksa.org.uk/InvestFest.htm - please do take a look at it.


Roger Lawson
Communications Director
UK Shareholders Association (UKSA)
BM UKSA
London, WC1N 3XX

Tel: 020-8467-2686
(Intl: +44-20-8467-2686)
Fax: 020-8295-0378
Email: roger.lawson@...

Web: www.uksa.org.uk

UKSA - The independent voice of the private shareholder