Financing Costs

Financing costs of £1.4m including exceptional items, were incurred as result of the Group’s increased level of net debt (2008: £1.1m). This includes £0.6m interest on debt and £0.3m foreign exchange loss resulting from the translation of Euro debt.

An exceptional cost of £0.3m was also incurred in relation to professional fees associated with the negotiation of a financing agreement which failed to come to fruition due to unfavourable terms.

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