In addition, each year we issue four statements on current trading. Two are combined with the Chairman’s statements issued at the time of the annual and half-year results announcements. Further announcements are issued on the day of the Company’s AGM and in September of each year. We also aim to keep investors informed of developments as they happen, and to respond to queries for information in as short a time as possible. At the heart of our IR programme is transparency and we value feedback from investors on any aspect of Holidaybreak’s activities. There is also an opportunity for shareholders to question the Chairman and other directors at the Annual General Meeting.

Institutional Investors
One to one and group meetings are regularly offered to analysts and institutional investors, usually soon after results or trading announcements. At other times we will endeavour to satisfy requests for meetings or information, subject always to our obligation to ensure that information of a potentially price sensitive nature is released first by way of a stock exchange announcement. The Presentations made during these meetings can be accessed via the Group’s website, www.holidaybreak.co.uk.

Private Investors In 2002 Holidaybreak has been more active than ever before in communicating with private investors. Working with itruffle Investor Communications we have undertaken a number of specific initiatives which focus on their needs. These include a presence at a variety of private investor exhibitions and using the itruffle website (www.itruffle.com) to channel relevant information. The itruffle site includes an archive of Holidaybreak news clippings and, when available, webcasts and other presentations.

We have developed a database of shareholders (including those behind nominee accounts) and potential shareholders which facilitates direct communication with interested parties. This has been utilised to ensure all our shareholders are made aware of key announcements such as acquisitions and trading statements by mailing them direct. The Annual Report and Financial Statements are sent to all shareholders on this database.