LETTER RECEIVED FROM MR CHRISTOPHER JAMES OF HAKLUYT 8 JUNE 04

Dear Mr Donovan

It is not the practice of my company to comment on its activities on behalf of its clients nor, indeed, on whether it has acted on behalf of a particular client.

I am therefore, not prepared to comment on the allegations and questions in your letter, except that I can say that, so far as I am aware, none of Hakluyt’s work has related in anyway to you, your family or your former business.

Yours sincerely

Christopher James

HAKLUYT & COMPANY LIMITED

34 Upper Brook Street

London W1E 7QS

Telephone: +44(0)207 491 7091

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