Pro forma profit and loss accounts

For the years ended 31 December

Notes to the pro forma profit and loss accounts

The pro forma financial information has not been audited by Ernst & Young LLP.

The 2003 Pro Forma Profit and Loss Accounts and segmental information for the Group is prepared to illustrate the effect had the MIM Group acquisition occurred on 1 January 2003. The financial information for the year ended 2003 of the MIM Group has been presented at spot foreign currency exchange rates by reversing the realised hedging losses as the hedge book was "at the money" on the acquisition date.