// ALEX STEWART MANAGEMENT TEAM

Date: 7th August 2007

Ref.: Alex Stewart Assayers Ltd (UK)

I am delighted to inform you of the re-organisation of the management team within Alex Stewart Assayers Ltd. (UK) as per following:

With immediate effect, Chris Reilly is appointed as General Manager. Chris has been with the company for over 20 years and in his new role, will be responsible for the overall service delivery to our customers and the strategic development of ASA Ltd.

Chris's appointment has created a vacancy as Inspection Operations Manager and a successor will be announced in due course but in the meantime all related matters should continue to be directed for the attention of Chris Reilly.

Chris Walker has recently been appointed as Commercial Manager of ASA Ltd. Chris succeeded Graham Stewart in this role. Graham has taken on a new role within the franchise network of Alex Stewart affiliated companies.

Lynne Fairclough has been promoted to Department Manager, Assay Customer Services.

The Alex Stewart team is at your entire disposal for your service requirements - please do not hesitate to contact us at any time when we can be of service to you.

For the sake of good order, the above personnel are contactable as per following:

Yours sincerely,

John Notman-Watt
Managing Director
Alex Stewart Group Ltd