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AVESCO GROUP PLC INTERIMREPORT 2010 www.avesco.com


INDEPENDENT REVIEWREPORT TO AVESCO GROUP PLC


Introduction We have been engaged by the company to review the condensed set of financial statements in the interimreport and accounts for the sixmonths ended 31March 2010, which comprises the consolidated income statement, consolidated statement of comprehensive income, consolidated balance sheet, consolidated statement of changes in equity, consolidated cash flow statement and related notes.We have read the other information contained in the interimreport and accounts and considered whether it contains any apparentmisstatements or material inconsistencies with the information in the condensed set of financial statements.


Directors’ Responsibilities The interimreport and accounts are the responsibility of, and have been approved by, the Directors. The Directors are responsible for preparing the interimreport and accounts in accordance with the AIMRules for Companies which require that the financial informationmust be presented and prepared in a formconsistent with that which will be adopted in the Company’s annual financial statements.


This interimreport and accounts has been prepared in accordance with the basis set out in note 3.


Themaintenance and integrity of the Avesco Group plc website is the responsibility of the Directors; the work carried out by the auditors does not involve a consideration of thesematters and, accordingly, the auditors accept no responsibility for any changes thatmay have occurred to the financial statements since they were initially presented on the website.


Legislation in the United Kingdomgoverning the preparation and dissemination of financial statementsmay differ fromlegislation in other jurisdictions.


Our Responsibility Our responsibility is to express to the company a conclusion on the condensed set of financial statements in the interimreport and accounts based on our review. This report, including the conclusion, has been prepared for and only for the company for the purpose of the AIMRules for Companies and for no other purpose. We do not, in producing this report, accept or assume responsibility for any other purpose or to any other person to whomthis report is shown or into whose hands itmay come save where expressly agreed by our prior consent in writing.


Scope of Review We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410, ‘Review of InterimFinancial Information Performed by the Independent Auditor of the Entity’ issued by the Auditing Practices Board for use in the United Kingdom. A review of interimfinancial information consists of making enquiries, primarily of persons responsible for financial and accountingmatters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significantmatters thatmight be identified in an audit. Accordingly, we do not express an audit opinion.


Conclusion Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the interimreport and accounts for the sixmonths ended 31March 2010 are not prepared, in allmaterial aspects, in accordance with the basis set out in note 3 and the AIMRules for Companies.


PricewaterhouseCoopers LLP Chartered Accountants 17 June 2010 Gatwick


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