OWNERS GROUP NEWS

Two new recruits added since last newsletter so we now have 24
prospective members for the 2005
flat syndicate. It is likely that we shall visit the stable again in
September/October before the onset
of winter and details will be sent to all those who have registered
an interest when details are firmed
up.

As a reminder we are planning to lease the Komaite 2yo for next
season with no capital outlay and
costs will be £15pm per 1% share (min 2% for new owners).

* For those who want some jumps action instead we are again joining
up with Paul Clarkson to
arrange syndicates with either Nicky Richards or Richard Ford for the
2004-2005 season. A 1/20th
share will cost around £500-600 with monthly costs £70. In first
instance please contact Phil Evans
for latest news.