aim listing for foreign issuers raising money in london

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AIM LISTING FOR FOREIGN ISSUERS AIM LISTING FOR FOREIGN ISSUERS RAISING MONEY IN LONDON RAISING MONEY IN LONDON September September 2006 2006 Zimmerman Adams International Ltd A Practitioner’s View A Practitioner’s View Zimmerman Adams International Limited Registered in England and Wales No. 5136014; Registered Office: One Threadneedle Street, London EC2R 8AW Authorised and Regulated by the Financial Services Authority Member of the London stock exchange

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Zimmerman Adams International Ltd. AIM LISTING FOR FOREIGN ISSUERS RAISING MONEY IN LONDON. A Practitioner’s View. September 2006. Zimmerman Adams International Limited Registered in England and Wales No. 5136014; Registered Office: One Threadneedle Street, London EC2R 8AW - PowerPoint PPT Presentation

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  • AIM LISTING FOR FOREIGN ISSUERS RAISING MONEY IN LONDONSeptember 2006Zimmerman Adams International LtdA Practitioners ViewZimmerman Adams International LimitedRegistered in England and Wales No. 5136014; Registered Office: One Threadneedle Street, London EC2R 8AW Authorised and Regulated by the Financial Services Authority

    Member of the London stock exchange

  • AIM 2006 .Zimmerman Adams International Ltd -Zimmerman Adams International LimitedRegistered in England and Wales No. 5136014; Registered Office: One Threadneedle Street, London EC2R 8AW Authorised and Regulated by the Financial Services Authority

  • Presentation Index

  • AIM: A Viable Alternative

  • AIM:

  • AIM: a Viable Alternative

    Lack of credible local alternatives: German market: Neuermarkt shut downFrench market: very quietItalian market: closed, for the momentOther Europeans: not significantNatural appeal of Quoted Equity to the Small/Mid-cap company Owner/ManagerWhy do Foreign Companies consider AIM?

  • AIM: : : Neuermarkt : : : / / AIM?

  • AdvantagesAdvantages of AIM for foreign Companies:The London Market represents a Quality brand for many continental companies.Liquidity, and far more liquidity than a few years agoAvailability of Institutional Investors for Small capsAvailability of Research support for small capsAvailability of market-making facilities (that work)Better pre-money valuations (compared to PE)Higher public profile (attracts many Owner/Managers)Quality Exchange, Admission, and Continuing Obligations standardsAccess to equity capital for current and future growth

  • AIM : . , ( ) ( PE ( )) ( /) ,

  • Availability of Equity Capital for International Companies in London:

    (Dont take my word for it look at the empirical evidence)

  • :

    ( )

  • LSE Companies

  • AIM: International focusSource: London Stock Exchange trade statistics Jan 2005

  • AIM: : 2005 .

  • Quoted Equity - By way of Comparison:Euronext vs. LSE for 2003

    Sheet1

    EuronextLSELSE 04

    Equity market value (bn) 10971,0973,2334,661

    Total Companies Listed1,3922,6923,879

    New Companies Listed24201355

    Total Money Raised (bn)0.2916.522.6

  • : 2003.

    Sheet1

    04

    (...)1,0973,2334,661

    1,3922,6923,879

    24201355

    0.2916.522.6

  • Source: Thomson Financial, International Target Cities Report 2000Quoted Equity Again: Size of the Investor Base

  • : Thomson Financial, International Target Cities Report 2000 :

  • Source: London Stock ExchangeInstitutional Investors on AIM

    Chart1

    57.5

    27.6

    7.2

    7.2

    0.5

    Market Makers1%

    Private Investors7%

    Directors & Founders 28%

    Sheet1

    Type% of AIM

    Institutions57.5

    Named Individuals27.6

    Sundry Individuals7.2

    Custody Accounts7.2

    Market makers0.5

    Sheet1

    0

    0

    0

    0

    0

    Sheet2

    Sheet3

  • : AIM

  • Institutional Investors on AIMGrowth Company Investor Survey: August 2003On the basis of interviews with Institutions:

    AIM dedicated Institutions owned 4.46 billion Approx. 35 % of the AIM marketThere were over 900 Institutions investing in the shares of AIM companiesSo inclusion, lets say somewhere between: 35% and 55%

  • AIM : 2003 . : , AIM, 4,46 . 35% AIM 900 , AIM , 35% - 55%

  • International Companies in LondonAs at the end of May 2006, there were over 860 international companies quoted in London, with market caps of less than 100 million

    AIM team estimates show there are some 8,000 companies quoted on Designated Markets that could be targets for a Fast Track listing !!

    This is not just a new regulatory wrinkle, this is an entirely new market.

  • 2006 860 100 .

    AIM 8000 , , !!

    , .

  • Can you raise Capital in London Today?

    Recent and relevant empirical evidence

  • ?

  • Quoted Equity: The London Stock Exchange (2006)

    Source: Statistics, the London Stock Exchange and AIM

  • : (2006.)

    : , AIM

  • A Record 8.9bn was Raised on AIM in 2005Source: Statistics, the London Stock Exchange and AIM

  • 2005 AIM 8,9 . : , AIM

  • London Attracts Companies Seeking to Raise CapitalAIM dominated the European IPO market over the financial year 2004 with 65% of all IPOsSource: Statistics, the London Stock Exchange and AIM

  • , AIM IPO 2004 , 65% IPO: , AIM

  • Highlights of the March 2003 LSE Study of New Issuers

  • 2003

  • This independent study covered those domestic companies who raised money on one or another of the London Markets for the (16 month) period between July 2001, and November 2002.

    The study is all the more interesting, as it covers a period 2002 that was, by all accounts, one of the most appalling years on record for the London Capital Markets. NeverthelessRecent Empirical Evidence:Highlights of the March 2003 LSE study of New Issuers

  • , 16 2001 . 2002 .

    , 2002 , , , . , . : 2003.

  • Recent Empirical Evidence - Quoted Equity: Highlights of the March 2003 LSE study of New Issuers (cont.)Highlights Overall Satisfaction:

    Were your original objectives in going public met?80% yesDid you achieve your price objectives77% yesDid more than of your funds come from Institutions?78% yes

  • : , 2003. () :

    ?80% ?77% ?78%

  • Highlights Why did you decide to Go Public:Recent Empirical Evidence - Quoted Equity: Highlights of the March 2003 LSE study of New Issuers (cont.)

    to raise equity71% yesto achieve a higher profile for the Company10% yesto establish more Credibility for the Company10% yes

  • : : , 2003. ()

    71% 10% 10%

  • 2002 Issuers size profile:Recent Empirical Evidence - Quoted Equity: Highlights of the March 2003 LSE study of New Issuers (cont.)

    Market Cap ()0 5m19%5 10m30%10 50m38%50m - up13%

  • , 2002.: : , 2003. ()

    ( )0 5 .19%5 10 .30%10 50 .38%50 . 13%

  • How many Institutional Investors did you visit:

    Main Listing:150 AIM: 20-30

    Recent Empirical Evidence - Quoted Equity: Highlights of the March 2003 LSE study of New Issuers (cont.)

  • :

    :150 AIM: 20-30

    : , 2003. ()

  • Across the Board, but primarily lead by its reputation as Europes leading Quoted Equity market, The London Capital Markets, in the midst of the worst year on record, have:

    Remained openRaised significant amounts of Equity for both Large and Small corporatesFulfilled the original objectives of Issuers coming to the marketplace;Therefore

    Why not consider coming to London for your next Capital Raise? Recent Empirical Evidence - Conclusions

  • , , , :

    , ;

    ? -

  • Valuation

  • AIM: A Market for Companies of all SizesOn average, AIM companies have a market value between $20m and $180m.

  • AIM: , AIM 20 180 . . .

  • AIM S 10 Year growth recordSource: Statistics, the London Stock Exchange and AIM

    Chart5

    12833450.44

    235177417.9

    286227917.14

    291216213.06

    3252218855.9

    4933120909.28

    5874216250.1

    6545014353.27

    6946025701.87

    90511644454.7829242278

    117922079265.9660198864

    1266262103878.351843418

    UK

    International

    Market Value(EURm)

    Number of companies

    aim stats-ipo and further issue

    AIM Statistics

    2003January-May 2004

    Number of IPOs6668

    Money raised from IPOs (m)985.8822.8

    Number of further issues902548

    Further money raised (m)999.7604.6

    YearAdmissions

    1995123

    1996145

    1997107

    199875

    1999102

    2000277

    2001177

    2002160

    2003162

    2004 to October271

    Primary market

    Number of companiesMarket value (m)Number of admissionsMoney raised m

    UKInternationalTotalUKInternationalTotalNewFurtherTotal

    6/19/951001082.2

    199511831212,382.4120312369.525.394.8

    1996235172525,298.513114145514.1302.3816.4

    1997286223085,655.11007107344.1350.2694.3

    1998291213124,437.968775267.5290.1557.6

    19993252234713,468.5966102333.7599.8933.5

    20004933152414,935.2265122771,754.11,319.73,073.8

    20015874262911,607.216215177593.1535.31,128.4

    20026545070410,252.314713160490.1485.8975.8

    20036946075418,358.5146161621,095.4999.72,095.2

    2004 to Jul8088289024,422.9153241771,657.2853.62,510.7

    2004 to July

    Launch to date1,3481091,4576,476.95,663.012,139.9

    1.4

    Number of companiesMarket value (m)Market Value(EURm)

    UKInternationalTotal

    6/19/951001082.2115.08

    199511831212,382.43335.36199512832464.63450.44

    1996235172525,298.57417.91996235177417.9

    1997286223085,655.17917.141997286227917.14

    1998291213124,437.96213.061998291216213.06

    19993252234713,468.518855.919993252218855.9

    20004933152414,935.220909.2820004933120909.28

    20015874262911,607.216250.095766022120015874216250.1

    20026545070410,252.314353.266854566720026545014353.27

    20036946075418,358.525701.870606528320036946025701.87

    2004905116102131,753.444454.7829242278200490511644454.7829242278

    20051,1792201,39956,618.579265.96601988642005117922079265.9660198864

    2006 to May12662621,52874,198.8103878.3518434182006 to May1266262103878.351843418

    aim stats-ipo and further issue

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    YEAR

    ADMISSIONS

    Number of AIM Admissions 1995 to 2004

    Sheet1

    12394.8

    145816.4

    107694.3

    75557.6

    102933.5

    2773073.8

    1771128.3571

    160975.815

    1622095.1583

    1772510.731685

    &A

    Page &P

    Number of admissions

    Money raised m

    Year

    Admissions

    Money Raised Million

    AIM Admisssions and Money Raised since Launch

    Sheet2

    &A

    Page &P

    UK

    International

    Market Value(EURm)

    Date

    Number of companies

    AIM's 10 years growth

    Sheet6

    MonthTotal number of companiesNumber of int companiesMarket value (bn)Number of IPOsMoney raised from IPOsNumber of delisitingsNumber of new issuesMarket value of new issues (m)Number of further issuesNew money raised (m)Further money raised (m)Total money raised (m)Value traded (m)Number of bargainsNumber of shares (millions)Market Value of Int Cos (bn)Market Value of UK Cos (bn)Number of UK companiesUK sectorsInt sectorsUK subsectorsInt subsectorsTotal sectorsTotal subsectors

    Jan-03705509.9422.861011626011.3333.1444.46250.836,0892,360.21.108.85655311778233178

    Feb-03703509.7810.405354510.4080.5680.96202.225,9722,601.11.178.60653311778233178

    Mar-03705509.5832.146880489.7139.2848.99192.627,4172,108.61.168.42655311778233178

    Apr-037055110.0432.40111198458.9840.5149.49298.432,6372,291.11.238.81654311778233178

    May-036985011.463397.9716959950401.9718.66420.62388.544,7103,333.91.3210.15648311778223280

    Jun-037015111.87216.467101667226.4750.3576.82484.667,7445,232.01.4410.43650321780223280

    Jul-037065212.70422.9110151656830.4778.47108.94624.676,1935,257.11.6811.02654321780223280

    Aug-037075213.65712.8412131167722.4651.3873.84626.895,3866,754.91.8711.79655321780223280

    Sep-037185414.56866.5771879810266.5765.35131.92792.8113,3807,032.02.6511.91664321881223281

    Oct-037225515.56775.39111563312277.98292.44370.421,023.5115,8317,563.02.9612.60667321881233281

    Nov-037315716.89760.5351444093107.85132.42240.27819.899,5677,328.13.5213.36674321881243281

    Dec-037546018.3619325.3712351142114331.25117.18448.43911.089,0225,800.13.7314.63694321882243282

    Jan-047576119.8834.0871011911140.1690.80130.961,423.9160,2319,146.23.8915.99696321882253282

    Feb-047616120.94415.17599011116.47110.66127.131,967.9185,52410,745.34.0416.90700321883263283

    Mar-047926821.9227407.123341042125415.62146.81562.431,662.5164,60911,263.84.5517.37724321883253283

    Apr-048096921.9217147.91724669105155.5697.97253.531,355.3134,4488,943.14.2617.66740321883263283

    May-048297221.9917248.5352573396258.64158.41417.051,130.7105,4136,163.24.5017.50757321983273283

    Jun-048467423.191790.37102757481128.87150.28279.151,233.5107,7326,952.44.6418.54772322085283285

    Jul-048908224.4242562.664481785115641.8598.68740.531,113.9118,4877,394.85.2219.21808322085273285

    Aug-049178523.621790.577345698494.54115.70210.24987.398,3066,460.55.3318.30832322085283285

    Sep-049369425.471399.3472651384107.0985.00192.091,426.6117,3627,260.66.5118.96842322085283285

    Oct-0495810027.6622188.971234740120202.92120.40323.321,866.5157,7328,378.57.2920.37858322085273285

    MonthValue traded (m)Number of shares (millions)

    Jan-03250.82,360.2

    Feb-03202.22,601.1

    Mar-03192.62,108.6

    Apr-03298.42,291.1

    May-03388.53,333.9

    Jun-03484.65,232.0

    Jul-03624.65,257.1

    Aug-03626.86,754.9

    Sep-03792.87,032.0

    Oct-031,023.57,563.0

    Nov-03819.87,328.1

    Dec-03911.05,800.1

    Jan-041,423.99,146.2

    Feb-041,967.910,745.3

    Mar-041,662.511,263.8

    Apr-041,355.308,943.10

    1355298580.878,943,104,219

    1.341.4

    MonthValue traded (m)Number of bargainsValue traded (EURm)Value traded (AU$m)

    Jan-03250.836,089

    Feb-03202.225,972

    Mar-03192.627,417

    Apr-03298.432,637417.79

    May-03388.544,710543.94

    Jun-03484.667,744678.40

    Jul-03624.676,193874.51

    Aug-03626.895,386877.5578.3%40.66%

    1,487.3Sep-03792.8113,3801,109.90

    1,920.1Oct-031,023.5115,8311,432.88

    1,537.9Nov-03819.899,5671,147.72

    1,709.1Dec-03911.089,0221,275.44

    2,671.2Jan-041,423.9160,2311,993.43

    3,691.8Feb-041,967.9185,5242,755.09

    3,118.8Mar-041,662.5164,6092,327.47

    2,542.5Apr-041,355.3134,4481,897.42

    2,121.2May-041,130.7105,4131,582.95

    2,314.1Jun-041,233.5107,7321,726.96

    2,089.7Jul-041,113.9118,4871,559.45

    1,852.2Aug-04987.398,3061,382.23

    2,676.3Sep-041,426.6117,3621,997.24

    Oct-041,866.5157,7322,613.08

    Nov-042,103.3178,5182,944.66

    Dec-041,854.5147,5932,596.29

    1.921.34

    MonthTotal number of companiesMarket value (bn)Market value ($bn)Market value (AU$bn)

    Jan-037059.94

    Feb-037039.78

    Mar-037059.58

    Apr-0370510.0419.3

    May-0369811.4622.0

    Jun-0370111.8722.8

    Jul-0370612.7024.417.02

    Aug-0370713.6526.218.30

    Sep-0371814.5628.019.51

    Oct-0372215.5629.920.85

    Nov-0373116.8932.422.63

    Dec-0375418.3635.324.60

    Jan-0475719.8838.226.63

    Feb-0476120.9440.228.06

    Mar-0479221.9242.129.37

    Apr-0480921.9242.129.38

    May-0482921.9942.229.47

    Jun-0484623.1944.531.07

    Jul-0489024.4246.932.73

    Aug-0491723.6245.431.65

    Sep-0493625.5049.034.17

    Oct-0495827.7053.237.12

    0.00

    1.83

    MonthNew money raised (m)Further money raised (m)New money raised ($m)Further money raised ($m)

    Jan-0311.3333.14

    Feb-030.4080.56

    Mar-039.7139.28

    Apr-038.9840.5116.4374.13

    May-03401.9718.66735.6034.14

    Jun-0326.4750.3548.4492.14

    Jul-0330.4778.4755.76143.60

    Aug-0322.4651.3841.1094.03

    Sep-0366.5765.35121.82119.59

    Oct-0377.98292.44142.70535.17

    Nov-03107.85132.42197.37242.33

    Dec-03331.25117.18606.19214.44

    Jan-0440.1690.8073.49166.16

    Feb-0416.47110.6630.14202.51

    Mar-04415.62146.81760.58268.66

    Apr-04155.6098.00284.75179.34

    May-04258.64158.41473.31289.89

    Jun-04128.87150.28235.83275.01

    Jul-04641.8598.681,174.59180.58

    Aug-0494.54115.70173.01211.73

    Sep-04107.0985.00195.97155.55

    Oct-04202.92120.40371.34220.33

    Sheet6

    00

    00

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    00

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    &A

    Page &P

    Number of shares (millions)

    Value traded (m)

    AIM turnover: value traded and total number of shares

    pies

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    Number of bargains

    Value traded (EURm)

    AIM turnover: value traded and total number of bargainsduring 2004

    Sheet4

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    Market value ($bn)

    Total number of companies

    Month

    Market Value ($bn)

    Total no of companies

    AIM market value and total no of companies during 2004

    Sheet3

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    New money raised ($m)

    Further money raised ($m)

    Total money raised ($m)

    AIM total money raised October 2003 to October 2004

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    Number of bargains

    Value traded (AU$m)

    AIM turnover: value traded and total number of bargains Sept 2003 to Sept 2004

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    Market value (AU$bn)

    Total number of companies

    Month

    Market Value (AU$bn)

    Total no of companies

    AIM market value and total no of companies Sept.2003 to Sept.2004

    Distribution of companies by equity market value

    AIM (UK & International)

    Apr-03Apr-04

    Market

    valueNo. ofNo. of

    range (m)companiescompanies

    Over 1,00001Apr-03Apr-04

    500 - 1,00012

    250 - 50007No. ofNo. of

    1734companiescompanies

    100m and above1844less than $3.54m17385

    50m - 100m2353$3.5m to $8.9m174137

    25m - 50m53103$8.9m to $17.7m140157

    10m - 25m104208$17.7m to $44.3m104208

    5m-10m140157$44.3m to $88.5m53103

    2m-5m174137$88.5m to $177m2353

    less than 2m17385$177m and above1844

    Unvalued securities04

    Suspended1817

    Totals*703808

    More than 50m4197

    Less than 50m644690

    Less than 25m591587

    *Excluding fixed interest securities

    1.8May 2003

    AIM (UK & International)

    May/2003May/2004

    Market

    valueNo. of

    range (m)companies

    May-03May-04

    Over 1,00001No. of companiesNo. of companies

    500 - 1,00022less than $3.6m15694

    250 - 50017$3.6m to $9.1m164142

    100m and above1734$9.1m to $18m150158

    50m - 100m2753$18m to $45m108212

    25m - 50m57106$45m to $90m57106

    10m - 25m108212$90m to $180m2753

    5m-10m150158$180m and above2044

    2m-5m164142

    less than 2m15694

    Unvalued securities04

    Suspended1415

    Totals*696828

    More than 50m4797

    Less than 50m635712

    Less than 25m578606

    *Excluding fixed interest securities

    Jul-04Jul-03

    Market

    valueNo. ofNo. of

    range (m)companiescompaniesJul-03Jul-04

    1.42325No. of companiesNo. of companies

    Over 1,000101.8less than $3.7m137119

    500 - 1,00022$3.7m to $9.2m153139

    250 - 50070$9.2m to $18.4m147160

    100 - 2503519$18.4m to $46m124233

    50 - 1006831$46m to $92m65105

    25 - 5010565$92m to $184m3168

    10 - 25233124$184m to $460m1935

    5 - 10160147more than $460m210

    2 - 5139153

    0 - 2119137

    Unvalued securities40

    Suspended1527

    Totals*888705

    More than 50m11352

    Less than 50m756626

    Less than 25m651561

    *Excluding fixed interest securities

    up to 5m258

    5m-10m160

    10m-25m233

    25m-50m105

    50m-100m68

    above 100m45

    19

    1

    2

    8

    32

    50

    101

    205

    148

    136

    85

    AIM

    Market value range m

    Number of companies

    Distribution of AIM companies by equity market valueas of March 2004

    11

    #REF!

    #REF!

    Distribution of AIM companies by market value April 2003 vs April 2004

    11

    #REF!

    #REF!

    2003120041

    1

    2

    8

    32

    50

    101

    205

    148

    136

    85

    AIM

    Market value range m

    Number of companies

    Distribution of AIM companies by equity market valueas of March 2004

    00

    00

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    May-03

    May-04

    Distribution of AIM companies by market capitalisationMay 2003 vs May 2004

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    Apr-03

    Apr-04

    2003120041

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    Jul-03

    Jul-04

    Distribution of AIM Companies by Market Value July 2003 vs July 2004

    0

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    0

    0

    0

    0

    0

    0

    0

    0

    Mar

    Market Value Band

    Market Value million

    Distribution of AIM Companies by market value

    Turnover by sectorOctober 2004

    including number of companies and market capitalisation by sector

    Total turnoverMarket

    No. ofNo. ofNo. ofCapitalisation

    Business sectorTotal Value ()BargainsSharesCompanies(m)

    (Equity only)

    4Oil & Gas458,564,95534,424858,456,531344,471.01

    7Mining332,026,72422,382662,075,683834,231.72

    11Speciality & Other Finance143,637,50214,091696,990,3751372,480.93

    13Support Services80,316,1556,910380,316,439892,397.84

    15Leisure & Hotels170,134,1136,550644,739,391601,952.95

    18Software & Computer Services87,479,40511,527805,272,1651061,906.36

    21Pharmaceuticals & Biotechnology55,186,4986,970343,069,390361,423.27

    24Media & Entertainment89,306,9119,0712,105,679,895811,343.18

    25General Retailers28,374,4982,95051,455,49422837.79

    26Real Estate23,434,31390435,322,20832807.110

    31Health147,441,94112,941322,289,90727638.4

    34Engineering & Machinery33,756,1515,19495,549,60833519.5

    41Food Producers & Processors7,537,1501,216111,584,58616499.0

    43Telecommunication Services32,553,5712,607441,713,54815448.5

    44Housing Goods & Textiles25,948,1452,06854,411,18732434.2

    47Electronic & Electrical Equipment13,411,8532,08649,086,24924396.3

    48Transport17,957,6621,815137,219,96212383.3

    49Construction & Building Materials7,670,5041,03735,197,03120382.4

    52Chemicals24,722,0282,72161,175,46913322.5

    53Investment Companies15,580,6212,877200,350,16724311.7

    54Information Technology Hardware24,179,8462,298115,759,30714307.9

    58Diversified Industrials21,451,5641,5655,556,7344239.5

    59Automobiles8,544,3931,35919,350,51112198.9

    63Food & Drug Retailers2,845,007619109,491,6396190.2

    67Personal Care & Household Products3,309,7993401,738,3993109.3

    72Insurance998,7622057,603,589595.5

    77Aerospace & Defence2,090,1004424,490,547394.7

    81Beverages1,310,9212482,074,081383.2

    83Investment Entities4,446,242509,506,790556.1

    84Electricity19,37336702,891247.2

    85Steel & Other Metals801,00277558,386226.4

    86Forrestry & Paper1,123,438958,344,616221.8

    87Tobacco00000.0

    89Utilities - Other00000.0

    93Banks00000.0

    97Life Assurance00000.0

    Total Equities1,866,161,148157,6758,377,132,77595727,657.68

    Fixed Interest327,398571,321,271

    Total trading1,866,488,547157,7328,378,454,046

    Turnover by sector

    including number of companies and market capitalisation by sector

    Total turnoverMarket

    No. ofNo. ofNo. ofCapitalisation

    Business sectorTotal Value ()BargainsSharesCompanies(m)

    (Equity only)

    0Total Resources790,591,67956,8061,520,532,2141178,702.6

    10Total Basic Industries34,316,9723,930105,275,50237753.0

    20Total General Industrials70,709,6689,287154,683,138641,249.9

    30Total Cyclical Consumer Goods34,492,5383,42773,761,69844633.0

    40Total Non-Cyclical Consumer Goods214,786,30921,715780,756,363852,753.0

    50Total Cyclical Services386,089,33927,2963,319,411,1812646,914.8

    60Total Non-Cyclical Services35,398,5773,226551,205,18721638.7

    70Total Utilities19,37336702,891247.2

    80Total Financials188,097,44118,127949,773,1292033,751.3

    90Total Information Technology111,659,25213,825921,031,4721202,214.2

    Total Equities1,355,259,044134,4258,942,996,69280821,924.05

    Fixed Interest39,53723107,527

    Total trading1,355,298,581134,4488,943,104,219

    Turnover by sectorDecember 2004

    including number of companies and market capitalisation by sector

    Total turnoverMarket

    No. ofNo. ofNo. ofCapitalisation

    Business sectorTotal Value ()BargainsSharesCompanies(m)

    (Equity only)

    1Oil & Gas374,672,47730,521921,858,143465,645.410,839

    2Mining334,988,65917,732574,241,614904,927.89,461

    3Speciality & Other Finance172,175,78513,242769,278,8231432,779.65,337

    4Leisure & Hotels230,568,6677,332401,540,634622,503.94,807

    5Support Services87,395,3148,014338,931,167982,483.94,769

    6Pharmaceuticals & Biotechnology56,468,3966,919254,490,169381,489.82,860

    7Media & Entertainment68,908,3258,841607,646,956841,458.72,801

    8General Retailers58,554,8693,63570,660,89622995.51,911

    9Real Estate11,769,00677418,345,04733839.81,613

    10Health59,683,3378,121470,114,68832708.61,361

    Construction & Building Materials9,298,8081,40232,578,80723637.8

    Engineering & Machinery51,924,0394,43476,170,97234626.8

    Food Producers & Processors13,951,2471,38970,774,46317572.1

    Housing Goods & Textiles19,703,4601,94053,923,85432459.2

    Electronic & Electrical Equipment9,750,2951,82639,383,20226453.5

    Telecommunication Services38,823,1312,729312,788,05415443.1

    Investment Companies7,773,9101,77190,879,21126351.0

    Chemicals26,265,8673,74492,617,24413325.8

    Automobiles24,424,4131,94138,146,59613249.6

    Diversified Industrials4,597,8866871,047,2964240.2

    Food & Drug Retailers8,520,79298052,973,9876219.6

    Transport21,927,5132,156186,917,26311183.3

    Investment Entities762,438651,241,5525101.7

    Aerospace & Defence2,934,1886735,355,514399.8

    Insurance1,041,75538012,879,767591.1

    Personal Care & Household Products2,516,2344512,384,150388.7

    Beverages1,685,2592763,526,560379.5

    Electricity9,53220615,466235.1

    Steel & Other Metals124,61146233,533229.8

    Forrestry & Paper1,838,28415116,939,364225.6

    Turnover by sectorJuly 2004

    including number of companies and market capitalisation by sector

    Total turnoverMarketMarket

    No. ofNo. ofNo. ofCapitalisationCapitalisation

    Business sectorTotal Value ()BargainsSharesCompanies(m)($m)

    (Equity only)1.92

    1Oil & Gas374,672,47730,521921,858,143465,645.410,839

    2Mining334,988,65917,732574,241,614904,927.89,461

    3Speciality & Other Finance172,175,78513,242769,278,8231432,779.65,337

    4Leisure & Hotels230,568,6677,332401,540,634622,503.94,807

    5Support Services87,395,3148,014338,931,167982,483.94,769

    6Pharmaceuticals & Biotechnology56,468,3966,919254,490,169381,489.82,860

    7Media & Entertainment68,908,3258,841607,646,956841,458.72,801

    8General Retailers58,554,8693,63570,660,89622995.51,911

    9Real Estate11,769,00677418,345,04733839.81,613

    10Health59,683,3378,121470,114,68832708.61,361

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    Market Capitalisation ($m)

    No. of Companies

    Market capitalization ($m)

    No of companies

    Top 10 AIM Sectors by Market Capitalization and No of Companies for December 2004

    Turnover by sectorDecember 2003

    including number of companies and market capitalisation by sector

    Total turnoverMarket

    No. ofNo. ofNo. ofCapitalisation

    Business sectorTotal Value ()BargainsSharesCompanies(m)

    (Equity only)

    0Total Resources283,356,18124,226810,531,8260935,324

    10Total Basic Industries30,160,9904,271143,598,892033645

    20Total General Industrials87,020,6576,830438,942,0470561,040

    30Total Cyclical Consumer Goods16,097,5962,73072,936,881041401

    40Total Non-Cyclical Consumer Goods146,261,45316,257525,616,2200652,191

    50Total Cyclical Services262,651,44422,6831,960,789,89102436,158

    60Total Non-Cyclical Services262,651,44422,6831,960,789,89102436,158

    70Total Utilities3,38012182,0580135

    80Total Financials154,234,56110,8741,066,447,97901703,771

    90Total Information Technology125,223,15414,762885,503,90501091,912

    Total Equities910,735,05488,9935,799,546,36075318,358.48

    Fixed Interest295,89129564,240

    Total trading911,030,94589,0225,800,110,600

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    Sector Distribution of AIM Companies by no.of companiesas of May 2004

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    Sector Distribution of AIM Companies by market value, as of March 2004

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    Sector Distribution of AIM Companies by market capitalisation, as of March 2004

    Turnover by sectorMay 2004

    including number of companies and market capitalisation by sector

    Total turnoverMarket

    No. ofNo. ofNo. ofCapitalisation

    Business sectorTotal Value ()BargainsSharesCompanies(m)

    (Equity only)

    4Mining165,391,14912,214420,300,713683,318.6

    7Oil & Gas117,965,03212,012390,231,113252,005.8

    0Total Resources283,356,18124,226810,531,826935,324.4

    11Chemicals16,154,8792,65286,977,3419194.2

    13Construction & Building Materials12,382,3121,46447,718,94320387.4

    15Forrestry & Paper1,330,5381038,756,576226.2

    18Steel & Other Metals293,26152146,032237.5

    10Total Basic Industries30,160,9904,271143,598,89233645.3

    21Aerospace & Defence626,5561765,420,367261.7

    24Diversified Industrials3,289,3034182,027,3104185.3

    25Electronic & Electrical Equipment49,466,7522,103328,305,79322334.0

    26Engineering & Machinery33,638,0464,133103,188,57728459.4

    20Total General Industrials87,020,6576,830438,942,047561,040.4

    31Automobiles10,615,6141,55122,561,23512186.4

    34Housing Goods & Textiles5,481,9821,17950,375,64629215.0

    30Total Cyclical Consumer Goods16,097,5962,73072,936,88141401.4

    41Beverages1,053,920622,878,748123.6

    43Food Producers & Processors6,878,5446538,270,60513389.3

    44Health68,958,4488,464348,459,74423468.6

    47Personal Care & Household Products3,781,8475581,520,387275.3

    48Pharmaceuticals & Biotechnology65,588,6936,520164,486,736261,234.2

    49Tobacco00000.0

    40Total Non-Cyclical Consumer Goods146,261,45316,257525,616,220652,190.9

    52General Retailers27,638,1843,78965,512,38620690.9

    53Leisure & Hotels87,213,7025,490841,198,836571,910.8

    54Media & Entertainment82,331,6976,442772,078,078711,175.7

    58Support Services61,944,5935,593185,622,181832,097.4

    59Transport3,523,2691,36996,378,41012283.0

    50Total Cyclical Services262,651,44422,6831,960,789,8912436,157.8

    63Food & Drug Retailers5,829,73048423,037,2276168.7

    67Telecommunication Services19,502,1562,240235,092,66611346.8

    60Total Non-Cyclical Services25,331,8862,724258,129,89317515.4

    72Electricity3,38012182,058134.6

    77Utilities - Other00000.0

    70Total Utilities3,38012182,058134.6

    81Banks00000.0

    83Insurance2,228,0951555,803,047489.4

    84Life Assurance00000.0

    85Investment Companies9,304,5771,719296,975,23422238.6

    86Real Estate5,227,04280043,355,033301,536.4

    87Speciality & Other Finance135,423,1788,161718,691,8241101,859.4

    89Investment Entities2,051,669391,622,841447.1

    80Total Financials154,234,56110,8741,066,447,9791703,771.0

    93Information Technology Hardware41,659,2772,627116,523,31214229.6

    97Software & Computer Services83,563,87812,135768,980,593951,682.9

    90Total Information Technology125,223,15414,762885,503,9051091,912.5

    Total Equities1,130,341,303105,3696,162,679,59282821,993.81

    Fixed Interest338,37344556,414

    Total trading1,130,679,676105,4136,163,236,006

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    Distribution of the Total Financial Sector (after FTSE Classification)by mkt cap -April 2004

    Speciality & Other Finance38%

    Turnover by sector

    including number of companies and market capitalisation by sector

    Total turnoverMarket

    No. ofNo. ofNo. of companiesCapitalisation

    Business sectorTotal Value ()BargainsShares(m)

    (Equity only)

    4Mining234,556,52110,821366,298,677573,348.2

    7Oil & Gas87,950,1885,535411,377,623251,606.5

    0Total Resources452,444,61028,0951,108,452,666925,237.4

    10Total Basic Industries29,261,7714,182118,823,28232668.2

    20Total General Industrials111,284,6408,161479,315,94855976.0

    30Total Cyclical Consumer Goods22,614,2413,454159,148,17939408.1

    40Total Non-Cyclical Consumer Goods189,271,73821,458776,007,450642,349.1

    50Total Cyclical Services269,264,48730,0343,065,711,9572396,129.0

    60Total Non-Cyclical Services47,111,7767,220816,635,49116556.9

    70Total Utilities50,475632,323,976139.5

    80Total Financials117,528,70015,7571,400,991,8221643,791.5

    90Total Information Technology116,426,60616,0011,015,585,9211061,768.2

    25Electronic & Electrical Equipment5,860,4091,06435,514,39019154.0

    26Engineering & Machinery23,935,4863,264100,340,61923261.1

    Total Equities1,355,259,044134,4258,942,996,69280821,924.05

    Fixed Interest39,53723107,527

    Total trading1,355,298,581134,4488,943,104,219

    Turnover by sectorAugust 2004

    including number of companies and market capitalisation by sector

    Total turnoverMarket

    No. ofNo. ofNo. ofCapitalisation

    Business sectorTotal Value ()BargainsSharesCompanies(m)

    (Equity only)

    0Total Resources341,540,65122,0001,070,328,6871046,504.7

    10Total Basic Industries28,949,1554,829132,324,05436714.0

    20Total General Industrials53,389,6796,572156,427,666631,205.5

    30Total Cyclical Consumer Goods23,835,1322,38761,274,81444511.7

    40Total Non-Cyclical Consumer Goods136,675,72515,006437,921,556752,286.1

    50Total Cyclical Services229,164,00924,9661,886,633,9942596,504.5

    60Total Non-Cyclical Services27,752,4512,956432,283,28818566.7

    70Total Utilities261,0702065,143,692254.6

    80Total Financials85,639,2078,7051,622,732,8081983,315.0

    90Total Information Technology58,949,24910,629653,494,5411161,960.7

    Total Equities986,156,32798,2566,458,565,10091523,623.44

    Fixed Interest1,147,905501,939,915

    Total trading987,304,23298,3066,460,505,015

    10

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    12

    7

    11

    5

    12

    7

    5

    3

    Sector Distribution of AIM companies by no.of companies December 2003

    11

    3

    8

    11

    9

    10

    15

    13

    18

    15

    14

    35

    10

    9

    34

    Sector Distribution of AIM companies by market capitalisation December 2003

    92

    32

    55

    39

    64

    239

    16

    1

    164

    106

    Total Resources Total Basic Industries Total General Industrials Total Cyclical Consumer Goods Total Non-Cyclical Consumer Goods Total Cyclical Services Total Non-Cyclical Services Total Utilities Total Financials Total Information Technology

    Sector Distribution of AIM Companies by no.of companies as of April 2004

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    Total Resources Total Basic Industries Total General Industrials Total Cyclical Consumer Goods Total Non-Cyclical Consumer Goods Total Cyclical Services Total Non-Cyclical Services Total Utilities Total Financials Total Information Technology

    20043

    20%

    13%

    11%

    4%

    7%

    8%

    5%

    ,,30%

    2%

    0

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    Total Resources Total Basic Industries Total General Industrials Total Cyclical Consumer Goods Total Non-Cyclical Consumer Goods Total Cyclical Services Total Non-Cyclical Services Total Utilities Total Financials Total Information Technology

    Sector Distribution of AIM Companies by market cap. as of April 2004

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    Total Resources Total Basic Industries Total General Industrials Total Cyclical Consumer Goods Total Non-Cyclical Consumer Goods Total Cyclical Services Total Non-Cyclical Services Total Utilities Total Financials Total Information Technology

    Sector Distribution of AIM Companies by no.of companies as of August 2004

    Total Financials22%

  • AIM : , AIM0200400600800100012001400199519961997199819992000200120022003200420052006 020000400006000080000100000120000 (. )

  • Valuation Benchmarks: Quoted vs. Private Companies

  • : ,

  • Liquidity

  • London A Leader in International Trading

    Chart2

    2482.29808625175.553

    3450.33991821217.391

    4428.19690786238.509

    3222.61733677178.06

    2666.51992906131.663

    3160.99484755166.169

    3386.91801522166.629

    3408.15077237200.581

    4790.37254886221.24

    3388.70224223162.333

    4504.62157664200.039

    3268.44257702183.156

    5554.92585068313.878

    5424.00961325326.191

    5836.09047189367.93

    5521.22891631328.151

    6297.85164841377.926

    Value traded (m)

    Number of bargeins (000's)

    Value traded (m)

    No of bargeins (000's)

    AIM turnover: value traded and total number of bargeins January 2005 to May 2006

    Cover

    December 2005

    Market

    Statistics

    AIM since launch

    Summary : AIM since launchDecember 2005

    Primary market

    Number of companiesMarket value (m)Number of admissionsMoney raised m

    UKInternationalTotalUKInternationalTotalNewFurtherTotal

    6/19/951001082.2

    199511831212,382.4120312369.525.394.8

    1996235172525,298.513114145514.1302.3816.4

    1997286223085,655.11007107344.1350.2694.3

    1998291213124,437.968775267.5290.1557.6

    19993252234713,468.5966102333.7599.8933.5

    20004933152414,935.2265122771,754.11,319.73,073.8

    20015874262911,607.216215177593.1535.31,128.4

    20026545070410,252.314713160490.1485.8975.8

    20036946075418,358.5146161621,095.4999.72,095.2

    2004905116102131,753.4294613552,775.91,880.24,656.1

    2005 to Dec1,1792201,39956,618.53991205196,461.22,481.28,942.4

    Launch to date1,9282742,20214,698.79,269.623,968.3

    Number of admissionsDelistingsMoney raised m

    2005UKInternationalTotalof whichof whichNewFurtherTotal

    Transfers fromRe-admissionsTransfers to

    Main ListMain List

    January14620256010.371.982.2

    February3834116110165.9149.8315.7

    March5712694271360.0126.5486.5

    April4364977100418.2242.5660.7

    May316376460539.7168.9708.6

    June461561411180639.7217.9857.6

    July33104357150511.9318.6830.5

    August27936311120353.0186.1539.1

    September22113316140393.679.2472.9

    October1512270460590.8231.6822.4

    November2693537160459.7189.4649.1

    December4721684112012,018.3498.82,517.1

    TradingTurnover value mNumber of bargainsShares traded (m)Average daily value mAverage daily number of bargainsAverage daily shares traded (m)No of business days

    1995270.229,009544.32.02124.0137

    19961,944.2187,9755,529.17.774621.9252

    19972,415.3217,4266,443.09.686325.6252

    19981,948.2225,4946,921.47.789527.5252

    19995,397.5845,55621,258.521.43,35584.4252

    200013,605.62,013,58439,510.354.07,990156.8252

    20014,854.8706,58228,166.619.22,793111.3253

    20023,517.6449,87624,791.814.01,78598.4252

    20036,615.8823,94857,662.326.13,257227.9253

    200418,125.91,675,95597,325.971.46,598383.2254

    2005 to Dec42,158.22,241,323108,265.5167.38,894429.6252

    Launch to date100,853.29,416,728396,418.737.93,539149.02,661

    2005

    Jan-052,482.3175,553175.558,117.5124.18,778405.920

    Feb-053,450.3217,391217.399,282.5172.510,870464.120

    Mar-054,428.2238,509238.519,408.2210.911,358448.021

    Apr-053,222.6178,060178.068,513.7153.58,479405.421

    May-052,666.5131,663131.667,197.5133.36,583359.920

    Jun-053,161.0166,169166.178,458.0143.77,553384.522

    Jul-053,386.9166,629166.638,042.1161.37,935383.021

    Aug-053,408.2200,581200.5811,195.1154.99,117508.922

    Sep-054,790.4221,240221.2411,741.5217.710,056533.722

    Oct-053,388.7162,333162.338,574.1161.47,730408.321

    Nov-054,504.6200,039200.0410,272.8204.89,093466.922

    Dec-053,268.4183,156183.167,462.4163.49,158373.120

    Jan-065,554.9313,878313.8811,092.6264.514,947528.221

    Feb-065,424.0326,191326.1912,016.4271.216,310600.820

    Mar-065,836.1367,930367.9315,229.5253.715,997662.223

    Apr-065,521.2328,151328.1512,180.1306.718,231676.718

    May-066,297.9377,926377.9311,760.7299.917,996560.021

    &C&9http://www.londonstockexchange.comAIM Market statistics is located within the Statistics section

    AIM since launch

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    Value traded (m)

    No of bargeins (000's)

    AIM turnover: value traded and total number of bargeins January 2005 to may 2006

    New cos

    AdmissionsDecember 2005

    DateCompanyIssue typeMarketIssueMoney

    ofSecurityBusiness activitycapitalisation atpriceraised atBroker

    joiningRegionOriginadmission (m)(pence)issue (m)Advisor

    12/14/[email protected] Capital & Corporate Ltd

    ORD GBP0.01977 - SoftwareShore Capital & Corporate Ltd

    BERKSHIRE

    12/14/05ADVANCED SMARTCARD TECHNOLOGIESPlacing5.9213.000.75SVS Securities

    ORD GBP0.0003977 - SoftwareARM Corporate Finance Ltd

    SCOTLAND

    12/30/05ALLIED HEALTHCARE INTERNATIONAL INCIntroduction162.6020.00KBC Peel Hunt Ltd

    COM STK USD0.01449 - Other Health CareKBC Peel Hunt Ltd

    NEW YORK

    12/12/05AMAZING HLDGSPlacing28.3101851.84J M Finn & Co.

    ORD GBP1532 - GamblingDaniel Stewart & Company

    CHANNEL ISLANDS

    12/5/05AMIAD FILTRATION SYSTEMSPlacing25.1441298.01Panmure Gordon & Co

    ORD ILS0.50264 - Engineering - ContractorsPanmure Gordon & Co

    ISRAEL

    12/16/05APPLIED OPTICAL TECHNOLOGIESIntroduction from Official List23.6190.00Brewin Dolphin Bell Lawrie

    GBP0.05581 - Business Support ServicesBrewin Dolphin Bell Lawrie

    TYNE & WEAR

    12/15/05ASPEN CLEAN ENERGYIntroduction Re-admission12.7090.00Keith , Bayley , Rogers & Co Ltd

    ORD GBP0.0178 - Oil - IntegratedJohn East & Partners Ltd

    LONDON

    12/7/05AUTOCLENZ HLDGSPlacing13.00012513.00KBC Peel Hunt Ltd

    ORD GBP0.1318 - Vehicle DistributionKBC Peel Hunt Ltd

    DERBYSHIRE

    12/7/05BRAEMAR GROUPPlacing Re-admission2.96431.50Seymour Pierce Ltd

    ORD GBP0.01862 - Real Estate Holding & DevelopmentZeus Capital

    LONDON

    12/14/05CARDIOMAG IMAGING INCPlacing28.9541375.29Merrill Lynch International

    COM STK USD0.001446 - Medical Equipment & SuppliesMerrill Lynch International

    DELAWARE

    12/14/05CARLUCCIO'SPlacing53.6189526.54Altium Capital Ltd

    ORD GBP0.05539 - Restaurants, Pubs & BreweriesClose Brothers

    LONDON

    12/16/05CARTUCHO GROUPPlacing18.0002010.00Collins Stewart

    ORD GBP0.01526 - Retailers - HardlinesCollins Stewart

    CHANNEL ISLANDS

    12/22/05CELTICPlacing & Open Offer transfer from Official List61.77530.0015.00Seymour Pierce Ltd

    ORD GBP0.01, CNV PFD ORD GBP1 & 6% CUM CNV PREF GBP0.60538 - Leisure FacilitiesSeymour Pierce Ltd

    GLASGOW

    12/30/05CHARACTER GROUPIntroduction from Official List29.8480.00Collins Stewart Ltd

    ORD GBP0.05545 - Media AgenciesCollins Stewart Ltd

    LONDON

    12/22/05CHINA REAL ESTATE OPPORTUNITIES SAPlacing15.5808515.58Teather & Greenwood

    ORD EUR1.25862 - Real Estate Holding & DevelopmentTeather & Greenwood

    LUXEMBOURG

    12/6/05CHINA SHOTOPlacing26.0001306.00Seymour Pierce Ltd

    ORD GBP0.1252 - Electrical EquipmentSeymour Pierce Ltd

    KENT

    12/22/05CMR FUEL CELLSPlacing35.737176.0010.30Investec Investment Banking

    ORD GBP0.10252 - Electrical EquipmentInvestec Investment Banking

    CAMBRIDGE

    12/13/05COAL INTERNATIONALPlacing Re-admission64.0491005.00Cenkos Securities Ltd

    ORD GBP0.5048 - Other Mineral Extractors & MinesCenkos Securities Ltd

    LONDON

    12/1/05COSENTINO SIGNATURE WINESPlacing28.08912511.40Arbuthnot Securities Ltd

    ORD GBP0.01 'REGS'416 - Beverages - Distillers & VintnersArbuthnot Securities Ltd

    LONDON

    12/7/05CYAN HLDGSPlacing18.548224.81Collins Stewart

    ORD GBP0.002936 - SemiconductorsCollins Stewart

    CAMBRIDGE

    12/14/05DAWNAY DAY TREVERIAPlacing276.28667252.38Citigroup Global Markets Ltd

    ORD SHS EUR0.01862 - Real Estate Holding & DevelopmentCitigroup Global Markets Ltd

    CHANNEL ISLANDS

    12/8/05DOLPHIN CAPITAL INVESTORSPlacing74.1206870.72Panmure Gordon & Co

    COM SHS EUR0.01862 - Real Estate Holding & DevelopmentGrant Thornton UK LLP

    BRITISH VIRGIN ISLANDS

    12/19/05ECOSECURITIES GROUPPlacing137.44015054.00Hoare Govett

    ORD EUR0.0025879 - Other FinancialHoare Govett Ltd

    DUBLIN

    12/15/05ENGEL EAST EUROPE N.V.Placing94.80010830.00KBC Peel Hunt Ltd

    ORD EUR0.01862 - Real Estate Holding & DevelopmentDawnay, Day Corporate Finance

    NETHERLANDS

    12/14/05EQUEST BALKAN PROPERTIESPlacing140.000100140.00Oriel Securities Ltd

    ORD EUR0.01862 - Real Estate Holding & DevelopmentOriel Securities Ltd

    CHANNEL ISLANDS

    12/23/05GABLE HLDGS INCPlacing Re-admission13.925134.75Walker Crips Stockbrokers Ltd

    ORD GBP0.0025834 - Insurance - Non-LifeStrand Partners Ltd

    CAYMAN ISLANDS

    12/21/05GAS TURBINE EFFICIENCYPlacing13.125305.40Libertas Capital Corporate Finance

    ORD GBP0.00002267 - Engineering - GeneralLibertas Capital Corporate Finance

    LONDON

    12/2/05GENOSISPlacing17.0431107.00Evolution Beeson Gregory

    ORD GBP0.10446 - Medical Equipment & SuppliesEvolution Beeson Gregory

    SURREY

    12/2/05GENUSPlacing Re-admission179.19932555.00Teather & Greenwood

    ORD GBP0.10482 - BiotechnologyBridgewell Securities Ltd

    HAMPSHIRE

    12/13/05GREAT EASTERN ENERGY CORPPlacing18.99210118.99Arden Partners Ltd

    GDR EACH REPR 5 ORD INR1 'REGS'78 - Oil - IntegratedArden Partners Ltd

    INDIA

    12/16/05GVM METALSIntroduction3.0470.00Beaumont Cornish

    NPV43 - Gold MiningBeaumont Cornish

    AUSTRALIA

    12/15/05HAT PINIntroduction Re-admission9.6790.00Arden Partners Ltd

    ORD GBP0.025583 - Education, Business Training & Employment AgenciesArden Partners Ltd

    LONDON

    12/2/05INDAGO PETROLEUMPlacing186.6677070.00Mirabaud Securities Ltd

    ORD USD0.000173 - Oil & Gas - Exploration & ProductionNabarro Wells & Co

    CHANNEL ISLANDS

    12/12/05INDEPENDENT RESOURCESPlacing20.060605.06Hichens Harrison & Co

    ORD GBP0.0178 - Oil - IntegratedDeloitte & Touche

    DERBYSHIRE

    12/22/05INDIA CAPITAL GROWTH FUNDPlacing75.00010075.00Arbuthnot Securities Ltd

    ORD GBP0.01 & WTS TO SUB FOR ORD850 - Investment CompaniesArbuthnot Securities Ltd

    CHANNEL ISLANDS

    12/6/05INTERNATIONAL MARKETING & SALES GRPPlacing57.60919015.20Canaccord Capital (Europe) Ltd

    ORD EUR0.01545 - Media AgenciesCanaccord Capital (Europe) Ltd

    IRELAND

    12/23/05IRVINE ENERGYPlacing6.00033.00Nabarro Wells

    ORD GBP0.001879 - Other FinancialNabarro Wells & Co

    LONDON

    12/16/05LANCASHIRE HLDGSPlacing555.827284546.74Merrill Lynch International

    COM STK USD0.5834 - Insurance - Non-LifeMerrill Lynch International

    BERMUDA

    12/13/05LOMBARD MEDICAL TECHNOLOGIESPlacing77.74115926.18Code Securities Ltd

    ORD GBP0.02446 - Medical Equipment & SuppliesCode Securities Ltd

    OXFORDSHIRE

    12/22/05LONDON CAPITAL GROUP HLDGSPlacing31.4008215.00Evolution Beeson Gregory

    ORD GBP0.10879 - Other FinancialEvolution Beeson Gregory

    LONDON

    12/28/05LONGBRIDGE INTERNATIONALPlacing Re-admission8.404151.75Noble & Company Ltd

    ORD GBP0.02583 - Education, Business Training & Employment AgenciesNoble & Company Ltd

    LONDON

    12/15/05MAMA GROUPPlacing Re-admission19.00457.00Seymour Pierce Ltd

    ORD GBP0.05 & WTS TO SUB FOR ORD545 - Media AgenciesSeymour Pierce Ltd

    LONDON

    12/16/05MINMETIntroduction17.2390.00H-B Corporate

    ORD EUR0.012548 - Other Mineral Extractors & MinesH-B Corporate

    DUBLIN

    12/5/05MISSION CAPITALPlacing4.25653.03Arbuthnot Securities Ltd

    ORD GBP0.01862 - Real Estate Holding & DevelopmentArbuthnot Securities Ltd

    LONDON

    12/21/05MWB BUSINESS EXCHANGEPlacing55.2808015.00KBC Peel Hunt Ltd

    ORD GBP0.001581 - Business Support ServicesKBC Peel Hunt Ltd

    LONDON

    12/29/05NASSTARPlacing2.725250.15W.H. Ireland

    ORD GBP0.01977 - SoftwareW.H. Ireland

    LONDON

    12/21/05NETTWORXPlacing11.1001010.00Canaccord Capital (Europe) Ltd

    ORD GBP0.01879 - Other FinancialCanaccord Capital (Europe) Ltd

    LONDON

    12/30/05NEXTGEN GROUPPlacing20.90732.40Seymour Pierce

    ORD GBP0.001 & WTS TO SUB FOR ORD482 - BiotechnologySeymour Pierce Ellis Ltd

    CAMBRIDGESHIRE

    12/12/05OFF-PLAN FUND(THE)Placing9.2641006.77Numis Securities Ltd

    ORD SHS NPV862 - Real Estate Holding & DevelopmentNumis Securities Ltd

    CHANNEL ISLANDS

    12/8/05ORPAK SYSTEMSPlacing46.55014014.58Seymour Pierce

    ORD ILS0.02253 - Electronic EquipmentSeymour Pierce Ltd

    ISRAEL

    12/28/05OTTOMAN FUND(THE)Placing150.000100150.00Numis Securities Ltd

    ORD NPV850 - Investment CompaniesNumis Securities Ltd

    CHANNEL ISLANDS

    12/16/05PAN PACIFIC AGGREGATESPlacing50.849802.54Insigner de Beaufort

    ORD GBP0.00148 - Other Mineral Extractors & MinesInsigner de Beaufort

    LONDON

    12/9/05PLEXUS HLDGSPlacing47.3085911.00Bell Lawrie & Co

    ORD GBP0.0175 - Oil - ServicesBell Lawrie & Co

    LONDON

    12/23/05RECONSTRUCTION CAPITAL IIPlacing16.5436816.54LCF Edmond De Rothschild Securities

    ORD EUR0.01850 - Investment CompaniesGrant Thornton

    CAYMAN ISLANDS

    12/30/05REENERGY GROUPPlacing28.007756.54Cenkos Securities Ltd

    ORD GBP0.05584 - Environmental ControlStrand Partners Ltd

    LONDON

    12/30/05RUSINA MININGIntroduction12.7510.00Mirabaud Securities Ltd

    ORD NPV48 - Other Mineral Extractors & MinesBeaumont Cornish

    AUSTRALIA

    12/1/05SEEING MACHINESPlacing7.65231.65Insigner de Beaufort

    ORD NPV932 - Computer HardwareInsigner de Beaufort

    AUSTRALIA

    12/13/05SERICA ENERGYPlacing135.4219564.00JP Morgan Cazenove Ltd

    ORD USD0.1073 - Oil & Gas - Exploration & ProductionJP Morgan Cazenove Ltd

    LONDON

    12/21/05SIRDARIntroduction from Official List14.3350.00Brewin Dolphin Bell Lawrie

    ORD GBP0.25349 - Other Textiles & Leather GoodsBrewin Dolphin Bell Lawrie

    WEST YORKSHIRE

    12/30/05TITAN EUROPEPlacing Re-admission173.25320070.00Seymour Pierce Ltd

    ORD GBP0.40 (RFD - 01/01/06) & ORD GBP0.40263 - Commercial Vehicles & TrucksSeymour Pierce Ltd

    WORCESTERSHIRE

    12/16/05UNIVISION ENGINEERINGPlacing9.38931.50Insigner de Beaufort

    ORD HKD0.0625253 - Electronic EquipmentInsigner de Beaufort

    HONG KONG

    12/15/05VALUE CATALYST FUND(THE)Introduction111.7990.00Smith & Williamson

    ORD SHS USD0.001850 - Investment CompaniesSmith & Williamson

    CAYMAN ISLANDS

    12/23/05VENUE SOLUTIONS HLDGSPlacing7.362270.31J.M.Finn & Co.

    ORD GBP0.02581 - Business Support ServicesCity Financial Associates Ltd

    LONDON

    12/20/05VIGILANT TECHNOLOGYPlacing24.3254310.00Shore Capital & Corporate Ltd

    ORD ILS0.01253 - Electronic EquipmentShore Capital & Corporate

    ISRAEL

    12/15/05WEATHERLY INTERNATIONALPlacing Re-admission11.49582.35Libertas Capital Securities Ltd

    ORD GBP0.00548 - Other Mineral Extractors & MinesLibertas Corporate Finance

    LONDON

    12/12/05WORLD GAMINGPlacing Re-admission55.5221258.00Daniel Stewart & Company PLC

    ORD GBP0.002977 - SoftwareDaniel Stewart & Company PLC

    LONDON

    12/16/05XXI CENTURY INVESTMENTSPlacing208.61658667.98ING Bank N.V

    ORD USD0.01(REG S)862 - Real Estate Holding & DevelopmentING Bank N.V

    CYPRUS

    12/16/05ZIRAXPlacing25.848157.75Metropol (UK) Ltd

    ORD GBP0.01118 - Chemicals - SpecialityWesthouse Securities LLP

    LONDON

    MarketMoneyMarketMoney

    No. ofvalueraisedNo. ofvalueraised

    companies(m)(m)companies(m)(m)

    Summary

    December 2005Year to date

    New companies533270.391847.9439814121.365632.46

    of which Fixed Interest0.000.00

    Transfer4129.5815.00401361.3838.58

    of which Fixed Interest0.000.00

    Relisting11550.20155.35813054.28790.19

    of which Fixed Interest0.000.00

    Totals683950.172018.2851918,537.036461.23

    of which Fixed Interest0.000.00

    &C&9http://www.londonstockexchange.comAIM Market statistics is located within the Statistics section

    Further

    Further issuesDecember 2005

    IssueMoney

    priceraisedNumber of

    DateCompany*Issue typeOffer(pence)(m)shares issued

    01/12/052 Ergo GroupPlacing-170.01.500882,353

    08/12/05Accsys TechnologiesVendor Consideration--0.0001,753,267

    22/12/05Adastra Minerals IncPlacing-83.34.9976,000,000

    20/12/05Advent AirExercise Of Options--0.0004,747,968

    15/12/05AeroboxPlacing-6.01.00216,699,999

    22/12/05AfrenPlacing-45.011.00024,444,441

    05/12/05African PlatinumExercise Of Warrants--0.00043,020

    08/12/05AfrioreExercise Of Options--0.00020,000

    14/12/05Akers Biosciences IncFurther Issues--0.00028,000

    22/12/05Akers Biosciences IncConversion--0.000133,000

    29/12/05Albemarle & Bond HldgsExercise Of Options--0.000140,000

    08/12/05Amphion InnovationsPlacing-27.51.0013,639,455

    16/12/05AntonovFurther Issues--0.000471,637

    22/12/05Apace MediaPlacing-15.00.7504,999,999

    23/12/05Apace MediaPlacing-15.06.25041,666,666

    07/12/05Arlington GroupShare Cancellation--0.000-313,575

    20/12/05Armour GroupExercise Of Options--0.000240,300

    09/12/05Ascent ResourcesVendor Consideration--0.000370,370

    30/12/05Ascent ResourcesExercise Of Warrants--0.00043,287,082

    05/12/05Asia EnergyPlacing-470.019.4774,143,976

    20/12/05Asia EnergyExercise Of Warrants--0.000100,000

    23/12/05Asia EnergyPlacing-450.011.6822,596,024

    05/12/05At Communications GroupPlacing-42.09.45922,521,428

    30/12/05At Communications GroupVendor Consideration-0.0001,046,511

    06/12/05BangoExercise Of Options--0.00064,668

    09/12/05Bbi HldgsPlacing-90.00.9601,066,440

    15/12/05Bema Gold CorpExercise Of Options-0.00055,000

    23/12/05Biofuels CorpFurther Issues--0.000100,000

    20/12/05Bits CorpConversion--0.0001,052,631

    22/12/05Bits CorpConversion--0.0001,447,368

    02/12/05Black Arrow GroupShare Cancellation--0.000-6,000

    22/12/05Black Rock Oil & GasConversion--0.00044,280

    06/12/05Blavod Extreme SpiritsFurther Issues--0.000424,088

    21/12/05Blavod Extreme SpiritsPlacing-25.40.150590,261

    06/12/05Block Shield CorpExercise Of Warrants--0.00025,000

    13/12/05Brazilian Diamonds LtdConversion--0.0003,468,939

    16/12/05Buckland GroupFurther Issues--0.000187,399,220

    16/12/05Buckland GroupPlacing-0.10.200200,000,000

    02/12/05Cello GroupVendor Consideration--0.000287,892

    21/12/05Cello GroupVendor Consideration--0.000741,666

    13/12/05Centamin EgyptExercise Of Options--0.000250,000

    05/12/05Centurion Energy International IncExercise Of Options--0.00050,000

    21/12/05Chaco Resources PlcVendor Consideration--0.0001,000,000

    07/12/05Churchill MiningPlacing-2.50.55022,000,000

    29/12/05Clearspeed TechnologyPlacing-205.020.70010,097,560

    15/12/05Clipper VenturesPlacing-25.00.3311,325,000

    29/12/05Clipper WindpowerExercise Of Options--0.00028,000

    09/12/05Cluff GoldFurther Issues--0.00043,012

    16/12/05Cluff GoldPlacing-45.00.8531,894,900

    06/12/05Colliers CreVendor Consideration--0.000127,098

    23/12/05Conder EnvironmentalPlacing-10.52.10020,000,000

    22/12/05ConnaughtExercise Of Options--0.0002,410

    05/12/05Consolidated MineralsShare Cancellation--0.000-100,000

    12/12/05Consolidated MineralsExercise Of Options--0.000155,000

    12/12/05Copper Resources CorpVendor Consideration--0.00018,717,734

    07/12/05Corac GroupExercise Of Options--0.00060,066

    09/12/05Corac GroupExercise Of Options--0.0001,742,730

    30/12/05CorporaVendor Consideration--0.0004,751,327

    12/12/05Corvus Capital IncExercise Of Options--0.0001,093,749

    09/12/05Cyberscan Technology IncExercise Of Options--0.00013,575

    30/12/05Cyberscan Technology IncExercise Of Options--0.0005,200

    22/12/05Da GroupExercise Of Options--0.00057,493

    20/12/05Davenham GroupExercise Of Options--0.000421,171

    23/12/05Dawnay Day TreveriaFurther Issues--0.00033,871,080

    23/12/05Dealogic(Holdings)Movement To Treasury--0.000-7,500

    28/12/05Debt Free Direct GroupExercise Of Options--0.00066,950

    08/12/05Designer Vision GroupPlacing-3.00.55018,333,333

    16/12/05Digital ClassicsVendor Consideration--0.000473,750,000

    19/12/05Dm PlcVendor Consideration--0.000685,714

    05/12/05Dobbies Garden CentresExercise Of Options--0.0002,000

    16/12/05EarthportPlacing-32.51.9706,062,657

    29/12/05EarthportPlacing-29.31.2804,375,471

    19/12/05Eckoh TechnologiesExercise Of Options--0.000321,632

    28/12/05Eckoh TechnologiesExercise Of Options--0.00075,000

    12/12/05Egdon ResourcesPlacing-90.05.0005,555,000

    21/12/05Elcom InternationalConversion--0.00020,563,711

    21/12/05Elcom InternationalPlacing-1.54.165277,685,000

    16/12/05Elkedra DiamondsPlacing-17.00.5303,117,059

    29/12/05EnitionPlacing-0.10.661600,909,088

    16/12/05Equator ExplorationPlacing-200.034.58217,291,066

    16/12/05EservglobalExercise Of Options--0.000155,122

    22/12/05Eureka MiningFurther Issues--0.0001,137,500

    13/12/05EurogoldPlacing-4.31.36032,000,000

    28/12/05European Minerals CorporationExercise Of Options--0.000567,949

    28/12/05EurovestechExercise Of Options--0.000700,000

    12/12/05Fairplace ConsultingPlacing-17.50.096550,000

    07/12/05Finsbury Food Group PlcExercise Of Warrants--0.00013,742

    29/12/05Firestone DiamondsExercise Of Options--0.00045,000

    29/12/05Firestone DiamondsFurther Issues--0.000250,000

    28/12/05First Quantum MineralsExercise Of Options--0.00010,000

    30/12/05First Quantum MineralsExercise Of Options--0.00024,000

    28/12/05Frontier MiningPlacing-20.08.00040,000,000

    05/12/05Futura MedicalExercise Of Options--0.00010,000

    28/12/05Futura MedicalExercise Of Options--0.000250,000

    05/12/05Galapagos NvFurther Issues--0.000105,066

    09/12/05Galleon HoldingsPlacing-10.01.25012,500,000

    12/12/05Galleon HoldingsVendor Consideration--0.0007,000,000

    05/12/05GeorgicaShare Cancellation--0.000-25,000

    13/12/05GeorgicaShare Cancellation--0.000-50,000

    22/12/05GeorgicaShare Cancellation--0.000-50,000

    22/12/05Glencar MiningVendor Consideration--0.000425,000

    19/12/05GlistenVendor Consideration--0.000155,063

    29/12/05Global Oceanic CarriersVendor Consideration--0.0001,473,840

    22/12/05Global PetroleumVendor Consideration--0.000714,982

    05/12/05Gourmet HldgsConsolidation1 - 4-0.00019,726,073

    05/12/05Gourmet HldgsPlacing-36.03.78810,520,898

    06/12/05Gourmet HldgsPlacing-36.01.4133,923,547

    19/12/05HamworthyPlacing-285.017.5006,140,351

    29/12/05HardidePlacing-12.30.7966,499,662

    12/12/05Hardman Resources NlExercise Of Options--0.000150,000

    13/12/05Hat PinExercise Of Options--0.000360,000

    22/12/05Healthcare Enterprise GroupVendor Consideration--0.000965,304

    16/12/05Iimia Investment GroupExercise Of Options--0.000958

    30/12/05Iimia Investment GroupExercise Of Options--0.00021,771

    02/12/05ImprintExercise Of Options--0.0002,000

    14/12/05ImprintExercise Of Options--0.00010,000

    02/12/05IndithermExercise Of Options--0.00042,601

    02/12/05Intellego HldgsPlacing-4.00.3167,900,000

    22/12/05Inter Link FoodsExercise Of Options--0.0007,500

    13/12/05Interior Services GroupExercise Of Options--0.0009,871

    15/12/05Interior Services GroupExercise Of Options--0.00010,000

    20/12/05Interior Services GroupExercise Of Options--0.0007,692

    14/12/05International GreetingsShare Cancellation--0.000-126,000

    28/12/05InvoxVendor Consideration--0.000330,000

    23/12/05IqeExercise Of Options--0.00029,230

    08/12/05Iq-LudorumPlacing-1.42.025150,000,000

    30/12/05Iq-LudorumPlacing-1.40.20014,814,815

    22/12/05Isis Medical TechnologyConsolidation1 - 10-0.00010,052,937

    12/12/05Island Oil & GasPlacing-70.08.31211,874,000

    02/12/05Jarvis SecuritiesShare Cancellation--0.000-5,000

    20/12/05Jourdan - Wts To Sub For Ord Gbp1Consolidation--0.0003,291,651

    20/12/05JourdanConsolidation1 - 1000-0.0003,240,000

    09/12/05Jubilee PlatinumFurther Issues--0.0007,447,443

    22/12/05Kryso ResourcesExercise Of Options--0.000500,000

    14/12/05KujuExercise Of Options--0.000114,048

    29/12/05LawrenceExercise Of Options--0.00040,000

    06/12/05Leisure & GamingPlacing-125.024.37519,500,000

    06/12/05Leisure & GamingVendor Consideration--0.0009,083,369

    01/12/05Lighthouse GroupPlacing-13.53.16723,457,282

    01/12/05Lighthouse GroupVendor Consideration--0.00011,808,051

    23/12/05Lombard Risk ManagementVendor Consideration--0.0005,000,000

    09/12/05London TownConsolidation1 - 500-0.000576,750

    01/12/05Majestic WineExercise Of Options--0.00086,100

    05/12/05Majestic WineExercise Of Options--0.00043,100

    07/12/05Majestic WineExercise Of Options--0.000114,500

    08/12/05Majestic WineExercise Of Options--0.00015,000

    14/12/05Mediwatch PlcPlacing-11.00.4714,277,265

    07/12/05Merchant House GroupConversion--0.0007,000,000

    20/12/05Merchant House GroupConversion--0.0003,900,000

    12/12/05Metals ExplorationExercise Of Warrants--0.00062,500

    29/12/05Metals ExplorationExercise Of Warrants--0.000674,496

    13/12/05MicapVendor Consideration--0.0003,428,571

    13/12/05MicapPlacing-3.50.82523,571,425

    13/12/05MicapCapital Reorganisation1 - 1-0.00028,825,229

    16/12/05MincoExercise Of Options--0.00016,379,759

    22/12/05Mkm GroupPlacing-5.00.1503,000,000

    15/12/05Mulberry GroupExercise Of Options--0.00056,938

    30/12/05Multi GroupPlacing-1.51.500100,000,000

    15/12/05Mwana AfricaVendor Consideration--0.000600,000

    15/12/05Mwana AfricaPlacing-48.513.14427,100,000

    21/12/05Mwana AfricaExercise Of Warrants--0.000350,000

    22/12/05Mwana AfricaVendor Consideration--0.000600,000

    21/12/05N.W.F GroupExercise Of Options--0.0003,460

    22/12/05N.W.F GroupPlacing-560.06.0021,071,843

    07/12/05Namibian ResourcesExercise Of Options--0.000150,000

    22/12/05Namibian ResourcesExercise Of Warrants--0.0001,570,000

    23/12/05NetcallExercise Of Options--0.00080,000

    14/12/05New Millennium ResourcesPlacing-0.55.0001,000,000,000

    28/12/05Newmedia SparkMovement To Treasury--0.000-1,000,000

    01/12/05Northern PetroleumFurther Issues--0.00062,069

    15/12/05Numis CorporationExercise Of Options--0.000125,000

    22/12/05Oilexco IncPlacing-99.135.00035,330,000

    05/12/05Omega Underwriting HldgsPlacing-110.090.00081,818,182

    13/12/05OmgExercise Of Options--0.00016,666

    23/12/05OmgVendor Consideration--0.000965,927

    23/12/05OmgExercise Of Options--0.00059,999

    15/12/05Ovoca GoldPlacing-6.70.5978,853,475

    22/12/05Oxus GoldExercise Of Warrants--0.000500,000

    08/12/05PatsystemsFurther Issues--0.00046,839

    08/12/05Pearl Street HldgsConversion--0.00010,000,000

    13/12/05Pearl Street HldgsConversion--0.0004,500,000

    23/12/05Peel HotelsExercise Of Options--0.00025,000

    08/12/05Pennant International GroupMovement To Treasury--0.000-434,000

    07/12/05Pilat Media GlobalExercise Of Options--0.0006,667

    05/12/05Playgolf(Hlgs)Placing-18.00.5002,777,778

    21/12/05PlusnetExercise Of Options--0.0004,845

    22/12/05PlusnetExercise Of Options--0.00029,444

    07/12/05Pm GroupExercise Of Options--0.00013,500

    09/12/05Pm GroupExercise Of Options--0.0002,000

    15/12/05Pm GroupExercise Of Options--0.0006,000

    28/12/05PolaronVendor Consideration--0.00080,214

    07/12/05Portrait SoftwareVendor Consideration--0.00012,000,000

    09/12/05Portrait SoftwareExercise Of Options--0.00050,758

    21/12/05Premier Asset ManagementFurther Issues--0.000153,240

    14/12/05Premier BionicsPlacing-1.10.0545,000,000

    22/12/05Premier BionicsPlacing-10.50.016154,000

    15/12/05Premier Direct GroupSub-Division5 - 1-0.00020,705,920

    29/12/05Public Recruitment GroupConversion--0.0003,460,674

    12/12/05Pubs'N'BarsExercise Of Options--0.000760,000

    06/12/05Pursuit DynamicsPlacing-150.08.0005,333,338

    09/12/05Quadnetics GroupFurther Issues--0.00027,710

    19/12/05Quadnetics GroupShare Cancellation--0.000-37,731

    20/12/05Quadnetics GroupFurther Issues--0.00077,470

    01/12/05Rab CapitalExercise Of Options--0.0001,550,000

    22/12/05Rab CapitalExercise Of Options--0.000200,000

    30/12/05Rab CapitalExercise Of Options--0.000200,000

    02/12/05Rdf MediaVendor Consideration--0.000883,577

    21/12/05Redbus InterhouseExercise Of Options--0.000636,856

    28/12/05Redbus InterhouseExercise Of Options--0.0001,005,533

    09/12/05ResmexExercise Of Warrants--0.0001,500,000

    13/12/05Scotty GroupConversion--0.0007,162,339

    28/12/05Scotty GroupConversion--0.0007,431,602

    28/12/05Seeing MachinesExercise Of Options--0.000319,152

    01/12/05Shed ProductionsVendor Consideration--0.0009,916,944

    20/12/05Sigma Technology GroupExercise Of Options--0.000100,000

    01/12/05Sinclair PharmaPlacing-125.07.4035,922,565

    05/12/05Smart TelecomPlacing-20.030.000150,000,000

    05/12/05Smart TelecomConversion--0.00036,705,729

    23/12/05Smartfocus GroupFurther Issues--0.000114,888

    30/12/05Solar Integrated Technologies IncConversion--0.0001,179,245

    02/12/05SportingbetConversion--0.00083,171,926

    23/12/05Sr PharmaVendor Consideration--0.0001,170

    23/12/05Sr PharmaExercise Of Options--0.0007,500

    01/12/05Srs Technology GroupPlacing-1.01.000100,000,000

    22/12/05Srs Technology GroupFurther Issues--0.000120,000

    13/12/05Sterling EnergyExercise Of Options--0.0008,500,000

    05/12/05SupportaExercise Of Options--0.00010,000

    19/12/05SupportaPlacing-79.01.9802,500,000

    19/12/05SupportaVendor Consideration--0.0006,170,887

    21/12/05Tanfield GroupPlacing-20.01.6208,076,086

    15/12/05Tanzanite OneExercise Of Options--0.000699,880

    06/12/05TechcreationPlacing-1.00.55055,000,000

    09/12/05TechcreationPlacing-1.00.20020,000,000

    13/12/05Telford HomesExercise Of Options--0.000120,000

    30/12/05Tersus EnergyPlacing-36.04.00011,111,112

    20/12/05Tertiary MineralsPlacing-10.00.5005,000,000

    02/12/05Tescom Software Systems TestingExercise Of Options--0.00019,128

    04/12/05Tescom Software Systems TestingMovement To Treasury--0.000-5,100

    05/12/05Tescom Software Systems TestingMovement To Treasury--0.000-5,540

    07/12/05Tescom Software Systems TestingMovement To Treasury--0.000-5,700

    19/12/05Tescom Software Systems TestingMovement To Treasury--0.000-1,870

    26/12/05Tescom Software Systems TestingMovement To Treasury--0.000-5,800

    08/12/05Themutual.NetConversion--0.00026,529

    09/12/05Timestrip PlcExercise Of Warrants--0.00011,416,666

    29/12/05Titan MovePlacing-1.20.0504,098,360

    23/12/05Touchstone GroupExercise Of Options--0.00013,000

    22/12/05Transvision ResourcesConsolidation1 - 10-0.00010,437,935

    21/12/05Ubiquity Software CorpExercise Of Options--0.000292,796

    15/12/05Uruguay Mineral ExplorationVendor Consideration--0.000290,000

    23/12/05Value Catalyst Fund(The)Placing-9755.77.00071,753

    29/12/05Van Dieman MinesPlacing-15.03.00020,000,000

    29/12/05Victoria Oil & GasPlacing-78.012.78016,385,063

    30/12/05Victoria Oil & GasFurther Issues--0.000697,333

    30/12/05Victoria Oil & GasVendor Consideration--0.0001,230,000

    30/12/05Victoria Oil & GasPlacing-78.00.360460,000

    30/12/05Vietnam Opportunity FundPlacing--0.00047,502,548

    30/12/05Vietnam Opportunity FundPlacing-92.243.77047,502,548

    06/12/05Visual Defence IncShare Cancellation--0.000-250,000

    08/12/05Visual Defence IncShare Cancellation--0.000-3,153,000

    09/12/05Visual Defence IncShare Cancellation--0.000-454,545

    08/12/05Weatherly InternationalExercise Of Options--0.000250,000

    23/12/05Westmount EnergyConsolidation1 - 2-0.0007,506,680

    12/12/05Westside Acquisitions PlcExercise Of Warrants--0.0002,855,452

    19/12/05Westside Acquisitions PlcExercise Of Options--0.0002,648,179

    23/12/05Westside Acquisitions PlcConversion--0.0003,014,542

    28/12/05Westside Acquisitions PlcConversion--0.000353,313

    29/12/05Westside Acquisitions PlcConversion--0.000797,007

    21/12/05World GamingVendor Consideration--0.00049,957,828

    02/12/05YoomediaPlacing-7.03.00042,857,143

    14/12/05Zenith Hygiene GroupPlacing-135.06.0804,500,000

    16/12/05Zenith Hygiene GroupVendor Consideration--0.000392,593

    Summary

    OtherTotal

    No. ofRights moneyNo. ofMoneyMoney

    rightsraisedotherraisedraised

    issues(m)issues#(m)(m)

    December 200500.00271498.84498.84

    Year to date00.0025062481.212481.21

    # includes non-money raising issues

    &C&9http://www.londonstockexchange.comAIM Market statistics is located within the Statistics section

    canc

    Cancellation of admissionDecember 2005

    DateCompanyReason

    12/5/05BASEPOINTAt the request of the company

    12/15/05CAMPUS MEDIAApproval of a reverse takeover

    12/13/05COAL INTERNATIONALApproval of a reverse takeover

    12/20/05FAUPEL TRADING GROUPAt the request of the company

    12/23/05GABLE HLDGS INCApproval of a reverse takeover

    12/2/05GENUSApproval of a reverse takeover

    12/15/05HAT PINApproval of a reverse takeover

    12/21/05LODORE RESOURCES INCAt the request of the company

    12/28/05LONGBRIDGE INTERNATIONALApproval of a reverse takeover

    12/9/05MELROSETransferred to Official List

    12/7/05METROCAPITALApproval of a reverse takeover

    12/7/05NELSON RESOURCESAt the request of the company

    12/2/05NETWORK LTDAt the request of the company

    12/20/05PROTEC PLCAt the request of the company

    12/15/05SHEILD CAPITALApproval of a reverse takeover

    12/1/05SP HLDGSAt the request of the company

    12/30/05TITAN EUROPEApproval of a reverse takeover

    12/28/05TOM HOSKINSAt the request of the company

    12/15/05WEATHERLY INTERNATIONALApproval of a reverse takeover

    12/12/05WORLD GAMINGApproval of a reverse takeover

    &C&9http://www.londonstockexchange.comAIM Market statistics is located within the Statistics section

    MonRsd Sector

    New and Further issues by business sector

    December 2005January to December 2005

    New IssuesFurther issuesNew IssuesFurther issues

    No. ofMoneyNo. ofMoneyNo. ofMoneyNo. ofMoney

    GroupBusiness sectorcompaniesraised (m)issuesraised (m)companiesraised (m)issuesraised (m)

    Equities

    04Mining69.894369.1466262.08391546.59

    07Oil & Gas6169.0519107.0338470.62186526.97

    00Total Resources12178.9462176.17104732.705771,073.56

    11Chemicals17.7541.80740.942689.31

    13Construction & Building Materials00.0010.0059.47170.78

    15Forrestry & Paper00.0000.0000.0041.56

    18Steel & Other Metals00.0000.00180.0000.00

    10Total Basic Industries17.7551.8013130.414791.65

    21Aerospace & Defence00.0000.0000.0085.46

    24Diversified Industrials00.0046.00118.27156.00

    25Electronic & Electrical Equipment542.3880.2016109.355721.19

    26Engineering & Machinery383.41729.2210105.005255.73

    20Total General Industrials8125.801935.4227232.6213288.39

    31Automobiles113.0030.55224.502812.12

    34Housing Goods & Textiles10.0061.0071.90449.77

    30Total Cyclical Consumer Goods213.0091.55926.407221.89

    41Beverages111.4020.15212.0040.15

    43Food Producers & Processors00.0030.00932.684810.25

    44Health438.4791.371389.307020.61

    47Personal Care & Household Products00.0000.0000.0043.20

    48Pharmaceuticals & Biotechnology257.4078.3616149.517585.97

    49Tobacco00.0000.0000.0000.00

    40Total Non-Cyclical Consumer Goods7107.27219.8840283.50201120.18

    52General Retailers110.0020.00534.84379.11

    53Leisure & Hotels343.381530.4617149.3611156.56

    54Media & Entertainment322.201511.4037401.42199114.03

    58Support Services623.60229.9636380.16254187.51

    59Transport00.0020.00525.24141.50

    50Total Cyclical Services1399.185651.82100991.03615368.71

    63Food & Drug Retailers00.0040.00110.00187.13

    67Telecommunication Services00.00431.50874.334050.46

    60Total Non-Cyclical Services00.000831.50984.3305857.58

    72Electricity00.0010.006104.8042.50

    77Utilities - Other00.0000.00125.00130.00

    70Total Utilities00.00010.007129.800532.50

    81Banks00.0000.0000.0000.00

    83Insurance2551.4900.003591.4990.50

    84Life Assurance00.0000.0000.0000.00

    85Investment Companies4241.5457.0016441.095022.10

    86Real Estate9587.9530.00261,175.3865130.76

    87Speciality & Other Finance482.003299.471031,172.88274221.52

    89Investment Entities00.00243.7700.00778.77

    80Total Financials191,462.9842150.241483,380.84405453.65

    93Information Technology Hardware26.46520.7017161.935844.10

    97Software & Computer Services416.904319.7644307.66330129.00

    90Total Information Technology623.3604840.4661469.600388173.10

    Total Equities682,018.280271498.845186,461.2302,5002,481.21

    Company Fixed Interest00.0000.0010.0060.00

    Grand Total682,018.28271498.845196,461.232,5062,481.21

    &C&9http://www.londonstockexchange.comAIM Market statistics is located within the Statistics section

    T6a Sector Mth

    New Issues by business sectorDecember 2005

    New CompaniesTransfersRe-Admissions

    IntroductionMoney RaisingIntroductionMoney RaisingIntroductionMoney Raising

    GroupBusiness sectorNo. of co'sNo.(m)No. of co'sNo.(m)No. of co'sNo.(m)

    of co'sof co'sof co's

    IPO's

    Equities

    04Mining312.54000.00027.3504

    07Oil & Gas05169.05000.00100.0007

    00Total Resources36171.59000.00127.3500

    11Chemicals017.75000.00000.0011

    13Construction & Building Materials000.00000.00000.0013

    15Forrestry & Paper000.00000.00000.0015

    18Steel & Other Metals000.00000.00000.0018

    10Total Basic Industries017.75000.00000.0010

    21Aerospace & Defence000.00000.00000.0021

    24Diversified Industrials000.00000.00000.0024

    25Electronic & Electrical Equipment0542.38000.00000.0025

    26Engineering & Machinery0213.41000.000170.0026

    20Total General Industrials0755.80000.000170.0020

    31Automobiles0113.00000.00000.0031

    34Housing Goods & Textiles000.00100.00000.0034

    30Total Cyclical Consumer Goods0113.00100.00000.0030

    41Beverages0111.40000.00000.0041

    43Food Producers & Processors000.00000.00000.0043

    44Health1338.47000.00000.0044

    47Personal Care & Household Products000.00000.00000.0047

    48Pharmaceuticals & Biotechnology012.40000.000155.0048

    49Tobacco000.00000.00000.0049

    40Total Non-Cyclical Consumer Goods1552.27000.000155.0040

    52General Retailers0110.00000.00000.0052

    53Leisure & Hotels0228.380115.00000.0053

    54Media & Entertainment0115.20100.00017.0054

    58Support Services0321.85100.00111.7558

    59Transport000.00000.00000.0059

    50Total Cyclical Services0775.432115.00128.7550

    63Food & Drug Retailers000.00000.00000.0063

    67Telecommunication Services000.00000.00000.0067

    60Total Non-Cyclical Services000.00000.00000.0060

    72Electricity000.00000.00000.0072

    77Utilities - Other000.00000.00000.0077

    70Total Utilities000.00000.00000.0070

    81Banks000.00000.00000.0081

    83Insurance01546.74000.00014.7583

    84Life Assurance000.00000.00000.0084

    85Investment Companies13241.54000.00000.0085

    86Real Estate08586.45000.00011.5086

    87Speciality & Other Finance0482.00000.00000.0087

    89Investment Entities000.00000.00000.0089

    80Total Financials1161,456.73000.00026.2580

    93Information Technology Hardware026.46000.00000.0093

    97Software & Computer Services038.90000.00018.0097

    90Total Information Technology0515.36000.00018.0090

    Total Equities5481,847.943115.0029155.35

    Company Fixed Interest

    Debentures and Loans000.00000.00000.00

    Convertibles000.00000.00000.00

    Preference000.00000.00000.00

    Total Company Fixed Interest000.00000.00000.00

    T6a Sector Yr

    New Issues by business sectorJanuary to December 2005

    New CompaniesTransfersRe-Admissions

    IntroductionMoney RaisingIntroductionMoney RaisingIntroductionMoney Raising

    GroupBusiness sectorNo. of co'sNo.(m)No. of co'sNo.(m)No. of co'sNo.(m)

    of co'sof co'sof co's

    IPO's

    Equities

    04Mining1840228.52000.002633.5704

    07Oil & Gas722443.01000.006327.6107

    00Total Resources2562671.53000.008961.1800

    11Chemicals0640.40000.00010.5411

    13Construction & Building Materials139.47100.00000.0013

    15Forrestry & Paper000.00000.00000.0015

    18Steel & Other Metals0180.00000.00000.0018

    10Total Basic Industries110129.87100.00010.5410

    21Aerospace & Defence000.00000.00000.0021

    24Diversified Industrials0118.27000.00000.0024

    25Electronic & Electrical Equipment01398.852110.50000.0025

    26Engineering & Machinery0531.05200.000373.9626

    20Total General Industrials019148.174110.500373.9620

    31Automobiles0224.50000.00000.0031

    34Housing Goods & Textiles111.90500.00000.0034

    30Total Cyclical Consumer Goods1326.40500.00000.0030

    41Beverages0212.00000.00000.0041

    43Food Producers & Processors2218.07000.001414.6243

    44Health2785.12000.00224.1844

    47Personal Care & Household Products000.00000.00000.0047

    48Pharmaceuticals & Biotechnology11181.51000.001368.0048

    49Tobacco000.00000.00000.0049

    40Total Non-Cyclical Consumer Goods522196.71000.004986.7940

    52General Retailers0434.84100.00000.0052

    53Leisure & Hotels110102.521115.001331.8453

    54Media & Entertainment124344.17500.002557.2554

    58Support Services515237.526113.0836129.5658

    59Transport1224.05100.00011.1959

    50Total Cyclical Services855743.1114228.08615219.8450

    63Food & Drug Retailers000.00000.000110.0063

    67Telecommunication Services0631.01000.001143.3267

    60Total Non-Cyclical Services0631.01000.001253.3260

    72Electricity05101.30000.00013.5072

    77Utilities - Other0125.00000.00000.0077

    70Total Utilities06126.30000.00013.5070

    81Banks000.00000.00000.0081

    83Insurance02586.74000.00014.7583

    84Life Assurance000.00000.00000.0084

    85Investment Companies510441.09000.00100.0085

    86Real Estate2171,163.88300.001311.5086

    87Speciality & Other Finance1185961.69300.0013211.1987

    89Investment Entities000.00000.00000.0089

    80Total Financials181143,153.40600.0037227.4480

    93Information Technology Hardware112144.33000.000417.6093

    97Software & Computer Services326261.65700.002646.0197

    90Total Information Technology438405.98700.0021063.6290

    Total Equities623355,632.4637338.582457790.19

    Company Fixed Interest

    Debentures and Loans000.00000.00000.00

    Convertibles000.00000.00000.00

    Preference100.00000.00000.00

    Total Company Fixed Interest100.00000.00000.00

    Top mkt cap

    Top 50 AIM companies byDecember 2005

    market capitalisation

    BusinessMarket

    Companysub-sectorCapitalisation m

    1SPORTINGBET532Gambling1,436.81

    2FIRST QUANTUM MINERALS48Other Mineral Extractors & Mines1,089.35

    3NEW STAR ASSET MANAGEMENT GROUP871Asset Managers915.93

    4NETELLER879Other Financial880.53

    5SIBIR ENERGY73Oil & Gas - Exploration & Production795.18

    6FIRST CALGARY PETROLEUMS73Oil & Gas - Exploration & Production792.26

    7BEMA GOLD CORP43Gold Mining745.97

    8MONSOON528Retailers - Soft Goods726.10

    9PETER HAMBRO MINING43Gold Mining696.38

    10LANCASHIRE HLDGS834Insurance - Non-Life666.41

    11YAMANA GOLD INC43Gold Mining549.97

    12CENTURION ENERGY INTERNATIONAL INC73Oil & Gas - Exploration & Production529.29

    13HARDMAN RESOURCES NL73Oil & Gas - Exploration & Production483.87

    14HIGHLAND GOLD MINING43Gold Mining390.11

    15EQUATOR EXPLORATION73Oil & Gas - Exploration & Production356.79

    16TOREX RETAIL972Computer Services350.26

    17CANACCORD CAPITAL INC875Investment Banks333.42

    18I-MATE938Telecommunications Equipment331.29

    19DAWNAY DAY TREVERIA862Real Estate Holding & Development315.85

    20MAX PETROLEUM73Oil & Gas - Exploration & Production306.49

    21WHITE NILE73Oil & Gas - Exploration & Production304.32

    22CONSOLIDATED MINERALS48Other Mineral Extractors & Mines289.09

    23OILEXCO INC73Oil & Gas - Exploration & Production285.88

    24ACCIDENT EXCHANGE GROUP879Other Financial268.08

    25YOUNG & CO'S BREWERY539Restaurants, Pubs & Breweries263.62

    26PIPEX COMMUNICATIONS673Fixed-Line Telecommunication Services262.05

    27XXI CENTURY INVESTMENTS862Real Estate Holding & Development252.76

    28SONGBIRD ESTATES862Real Estate Holding & Development246.86

    29BANKERS PETROLEUM73Oil & Gas - Exploration & Production242.63

    30STERLING ENERGY73Oil & Gas - Exploration & Production241.84

    31MARCH NETWORKS CORP588Security & Alarm Services237.99

    32BB HLDGS581Business Support Services236.14

    33IP2IPO GROUP879Other Financial235.14

    34URALS ENERGY PUBLIC CO73Oil & Gas - Exploration & Production226.67

    35STAR ENERGY GROUP73Oil & Gas - Exploration & Production226.61

    36RAB CAPITAL879Other Financial222.50

    37ENERGY XXI ACQUISITION CORP(BERMUDA879Other Financial221.96

    38BILLING SERVICES GROUP587Transaction and Payroll services218.96

    39MARSHALL EDWARDS INC486Pharmaceuticals216.36

    40MONSTERMOB GROUP547Publishing & Printing213.43

    41IRF EUROPEAN FINANCE INVESTMENTS879Other Financial207.55

    42ROC OIL CO LTD73Oil & Gas - Exploration & Production206.27

    43ABBEY137Other Construction205.92

    44EMPIRE ONLINE545Media Agencies204.21

    45INDAGO PETROLEUM73Oil & Gas - Exploration & Production202.67

    46TRADING EMISSIONS879Other Financial200.14

    47GENUS482Biotechnology196.29

    48CROSBY CAPITAL PARTNERS INC879Other Financial196.27

    49OXUS GOLD43Gold Mining195.21

    50INTERNATIONAL GREETINGS547Publishing & Printing194.16

    &C&9http://www.londonstockexchange.comAIM Market statistics is located within the Statistics section

    Co's by value

    Distribution of companies by equity market value

    December 2005

    AIM (UK & International)

    MarketEquity

    valueNo. ofmarket

    range (m)companies%value (m)%

    Over 1,00020.12,526.24.5

    500 - 1,000100.77,298.012.9

    250 - 500161.15,089.79.0

    100 - 250987.015,435.127.3

    50 - 10016311.711,540.220.4

    25 - 5019514.06,746.911.9

    10 - 2535025.15,836.310.3

    5 - 1017012.21,244.32.2

    2 - 521615.5739.21.3

    0 - 214710.5162.60.3

    Unvalued securities30.2--

    Suspended271.9--

    Totals*1,397100.056,618.5100.0

    More than 50m28920.741,889.274.0

    Less than 50m1,07877.214,729.326.0

    Less than 25m88363.27,982.414.1

    *Excluding fixed interest securities

    &C&9http://www.londonstockexchange.comAIM Market statistics is located within the Statistics section

    Co's by value

    0

    0

    0

    0

    0

    0

    0

    0

    0

    0

    &A

    Page &P

    AIM

    Market value range m

    Number of companies

    Distribution of companies by equity market value

    T1 daily turnover

    AIM Daily turnover / FTSE AIM index

    December 2005

    Total trading

    FTSE

    PeriodValue BargainsSharesFTSE AIMA All-share

    12/31/041,005.592,410.75

    11/30/051,012.032,741.05

    1209,654,7218,855385,493,2071,013.602,770.82

    2195,642,4589,917428,809,6641,016.002,793.13

    5172,332,57111,330395,725,2411,015.322,784.79

    6195,179,15711,110522,247,3711,016.902,797.26

    7181,571,07710,021398,202,2071,024.072,794.08

    8254,162,60710,198454,890,3761,029.312,792.35

    9284,637,75710,804412,291,6951,035.272,788.28

    12164,370,87810,693360,339,7551,034.842,782.36

    13168,155,6669,797394,884,5491,029.942,785.83

    14146,425,9589,508415,466,4441,028.402,790.50

    15217,032,7828,597489,532,5751,027.762,781.12

    16151,128,9879,281383,090,8421,026.752,799.04

    19149,110,1099,020313,018,6061,026.972,803.53

    20168,770,1429,976392,238,5191,021.462,807.11

    21180,050,1508,830446,842,5701,022.612,827.11

    22145,441,4678,951361,216,7211,026.322,834.11

    2351,304,0105,061186,479,8501,029.502,835.12

    26Bank Holiday

    27Bank Holiday

    2870,980,5297,165205,953,3751,032.282,846.13

    29103,582,9077,881255,065,6011,040.432,856.43

    3058,908,6436,161260,619,2411,046.152,847.02

    Totals month3,268,442,577183,1567,462,408,409+3.4%+3.9%

    Year to date42,158,174,7582,241,323108,265,509,954+4.0%+18.1%

    Year538,540,36815,2391,537,549,7141,166.832,856.43

    High8.11.057.3.054.5.057.3.0529.12.05

    Year51,304,0105,061186,479,850944.522,393.29

    Low23.12.0523.12.0523.12.0518.5.0528.4.05

    Record538,540,36830,3751,537,549,7142,924.933,265.95

    High8.11.0517.1.004.5.053.3.004.9.00

    Record43,160766,297542.3961.92

    Low6.7.9530.6.956.7.951.4.0313.12.74

    First

    compiled19.6.9519.6.9519.6.952.1.961.4.62

    Trading for individual companies can be found within the AIM Market Statistics on the web edition - address below

    &C&9http://www.londonstockexchange.comAIM Market statistics is located within the Statistics section

    SECTOR Mth

    Turnover by sectorDecember 2005

    including number of companies and market capitalisation by sector

    Total turnoverMarket

    No. ofNo. ofNo. ofCapitalisation

    Business sectorTotal Value ()BargainsSharesCompanies(m)

    (Equity only)

    4Mining431,427,44330,2071,088,579,2791498,525.9

    7Oil