continued positive progress and increasing benefit from strategic initiatives

Revenues up 5%, adjusted pre-tax profits up 8%, adjusted earnings per share up 8% at constant exchange rates Continued good progress and outperformance across most businesses, with revenue momentum building
Markets showing encouraging initial signs of recovery and growth
Reported results reflect adverse currency translation effects from weaker US dollar
Organic revenue growth of at least 5% targeted for 2005 and beyond and double digit adjusted earnings per share growth at constant currencies
More progressive dividend policy adopted