To: SmartLogik Action Group

We are able to report that the Financial Services Authority (FSA) has agreed to review our original request for information under the "right to know" Freedom of Information Act.

The original request was made on 4th March 2005 and has been an important part of our SLK Action Campaign 2005 (launched 239 days ago). The FSA originally refused to provide any information on the grounds of confidentiality between them and the various parties involved in the SmartLogik case and, it was deemed to be against the public interest.

This review process is now under way and we will update all shareholders when we know more from the FSA.

Parallel to this effort, a major international law firm is studying the SmartLogik case both here and in the USA. All options are open, including the possibility of holding the case in the USA under US Law. SmartLogik Group plc was fully listed on both the NASDAQ stock exchange in New York and the London Stock Exchange (LSE).

We thank all shareholders for their continuing support in this battle to obtain justice and compensation for the shareholders of SmartLogik Group plc. The thousands of shareholders who were brushed aside and denied their fundamental shareholder rights will not be going away. We are making a stand for the right to vote, financial visibility, accountability and Corporate Governance - important principles that should always be adhered to, but were not in the case of SmartLogik.




Justin Jones
For SmartLogik Action Group