Keydata Investment Services Limited (in administration) ("KIS")

This is an update produced on 17 June and supplements (or, as appropriate, supersedes) the questions and answers documents dated 9 and 12 June.

Questions and answers - 17/06/09

What is the impact on investors where KIS are purely administering the contract on behalf of a third party?
There were some practical issues because of the administration but these are now largely resolved and processing has recommenced.

If the business is sold will there be any impact on the underlying investments?
No, these are all entirely separate from the fund management function of KIS and investment terms cannot be altered.

Are the administrators intending to write to investors?
If the business is sold in the very near future, we would expect the new owner to communicate with investors.

What is the position with Defined Income Plan ("DIP") issue 9 (which has closed and is scheduled to 'strike' on 19 June) - especially given concerns regarding DIPs issues 1-8 and the fact that KIS is no longer marketing DIP issue 10?
The administrators have decided to cancel DIP issue 9 and will be returning money to investors in due course.

Dan Schwarzmann and Mark Batten were appointed as joint administrators of Keydata Investment Services Limited on 8 June 2009 to manage its affairs, business and property as agents without personal liability. Dan Schwarzmann and Mark Batten are licensed to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.