M&G Recovery Investment Company Limited

M&G Recovery Investment Company Limited announces today that as at 30

November 2003 the Company only had one holding in another investment

company, namely 3i Group Ord 50p. 3i Group do not have a stated

Investment policy to invest no more than 15% of their gross assets in other
investment companies.

Kleinwort Benson (Guernsey) Fund Services Limited

Company Secretary



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