To: Members of SmartLogik Action Group

(This is being sent again because of a technical problem yesterday. Apologies if you receive it twice).

A summary has been added to the home page of the Action Group website
to remind people why the SmartLogik shareholders are aggrieved. See
the following link and below:

http://www.slk-action-group.com 

The individual shareholder is still trying to get Ernst & Young to
have a meeting regarding the SmartLogik debacle. We will keep you updated.

Also, the Action Group is now making contact with Cohen, Milstein,
Hausfeld & Toll, P.L.L.C. - a leading class action firm from the USA.
They are currently setting up an office in London, see the following link:

http://slk-action-group.com/newblog/2007/04/06/us-class-action-star-targets-uk-the-sunday-times/
 
Despite the tightening up on corporate fraud in the USA, fraud in the
UK is increasing at an alarming rate. See the following links:

http://slk-action-group.com/newblog/2007/04/06/brits-get-bit-new-york-post/ 

http://www.bdo.co.uk/fraudtrack 

THE MESSAGE SEEMS TO BE, INVEST IN LONDON AT YOUR PERIL!

Finally, you may be interested to know that a new online petition has
been set up on the Prime Ministers' website. This is regarding the
pensions crisis and the abolition of the Dividend Tax Credit in 1997.
See the following link:

http://petitions.pm.gov.uk/DividendTax/ 


Reminder: Why are the SmartLogik shareholders aggrieved?

- Not allowed to vote on the sale of the company assets (waiver
granted by UK Listing Authority, which is part of the Financial
Services Authority, FSA). Tens of thousands of shareholders were
denied the right to vote.

- As a result, the company assets were sold at an undervalue.

- No published financial accounts despite being promised them. What
happened to our money?

- The waiver enabled SmartLogik to avoid publishing the accounts by
just one day! Why did they not want to publish the accounts? What
about the key issue of accurate and open financial reporting?

- Not one penny of the promised earn out was returned to the shareholders.

- No accountability.

- Failure of Corporate Governance.

- This for a company, SmartLogik Group PLC,  that was fully listed on
the main London and NASDAQ stock exchanges. As a UK PLC, it had access
to the capital markets and could offer its shares for sale to the
public through a recognised stock exchange. However, in return for
these advantages, it had certain obligations, including the
requirement to publish accounts.

- Refusal of the Financial Services Authority (FSA) to provide any
information under the Freedom of Information Act (requested by the
SmartLogik Action Group in 2005,
see http://www.slk-action-group.com/html/campaign_2005.html ).
Why is there such secrecy surrounding this case?