R.C. BROWN INVESTMENT MANAGEMENT PLC   Bespoke Institutional Investment Management   Charities Pension Funds Onshore Trusts Substantial Private Client Portfolios The Marlborough Quantock UK Growth Fund The Marlborough Ethical Fund The Blackdown Fund

R.C. BROWN INVESTMENT MANAGEMENT PLC is authorised and regulated by the Financial Services Authority. Registered number: 2489639 Head Office and Registered Office: Buchanans North, Redcliff Backs, Bristol, BS1 6HN Telephone: 0117 925 6073 Fax: 0117 925 3790 Email: alanc@rcbim.co.uk