Crosby Asset Management Inc. (AIM: CSB)
Crosby Capital Limited owns approximately 82% of Crosby Asset Management Inc. ("CAM"). CAM is a global asset management group. CAM has offices located in London, Hong Kong, and Singapore, and is quoted on the London Stock Exchange's Alternative Investment Market.

For further details please visit www.crosby.com/web/en/cam

IB Daiwa Corporation (JASDAQ: 3587)

In June 2005, Crosby obtained an equity interest in IB Daiwa in return for agreeing to assist in the development and implementation of a restructuring of the 60 year old company. IB Daiwa has one operating subsidiary, Lodore US Holdings Inc., an onshore US oil and gas exploration and production company. IB Daiwa also has a 41.68% shareholding in Leed Petroleum PLC, a US Gulf of Mexico focused oil and gas production and development company, following the spin off of IB Daiwa's shareholding onto the London AIM market in August 2007.

Today, IB Daiwa is one of Japan's few listed "pure play" natural resources companies and has a particular focus on the acquisition and trading of companies involved in natural resources exploration and production.

www.ibdaiwa.co.jp/index_eng.html

www.leedpetroleum.com

Orchard Petroleum Limited (ASX: OPL, delisted)

In April 2007 Crosby Asset Management, through Eskdale Petroleum Pty Limited ("Eskdale"), completed the takeover of Orchard Petroleum Limited ("Orchard"). Orchard became a wholly owned subsidiary of Eskdale, which funded the acquisition in part by issuing preference shares to parties including the Crosby Active Opportunities Master Fund, a fund managed by Crosby Asset Management. Following the repayment of acquisition finance, Crosby Asset Management's direct equity interest in Eskdale will be approximately 10%, in addition to which the Crosby Active Opportunities Master Fund will have approximately 8%.

Orchard is a fast growing, project rich upstream oil and gas company focused exclusively on production, exploration, exploitation and development of oil and gas properties in California's San Joaquin & Sacramento Basins. Crosby Merchant Banking currently is working with Orchard's management to develop Orchard's exciting portfolio and deliver value from the company.

www.orchardpetroleum.com

Indago Petroleum Limited (AIM: IPL)

Indago Petroleum Limited ("Indago") is an AIM-quoted oil and gas exploration company operating in the Middle East. In March 2007 Indago announced that it had agreed to sell 100% of its production and development assets and approximately 50% of its exploration assets to RAK Petroleum for a total consideration of GBP194 million. This represented a 56% premium to Indago's share price on the day prior to the disposal being announced. In April 2007, Crosby Asset Management received US$17.4 million of cash through a special dividend.

The proceeds remaining following the dividend are being used to fund Indago's exploration programmes. Indago, jointly with RAK Petroleum, will continue to pursue its strategy of actively converting its current portfolio of leads into drillable prospects, as well as identifying and seeking other suitable resource projects with which to grow the business.

www.indagopetroleum.com

Fermiscan Holdings Limited (ASX: FER)

Fermiscan Holdings Limited ("Fermiscan") is an Australian Stock Exchange listed company that is launching an innovative, non-invasive test for the detection of breast cancer using hair.

www.fermiscan.com.au

White Energy Company Limited (ASX: WEC)

White Energy Company Limited ("White Energy") owns the worldwide license to a coal briquetting process that increases the energy efficiency of low quality coal. The result is emissions savings and reduced transportation and operational costs.

www.whiteenergyco.com.au

Upstream Marketing and Communications Inc. (AIM: UPS)

The Group also owns a strategic stake in Upstream Marketing and Communications Inc. ("Upstream"), which the Group invested since its establishment. Upstream is a leading Asia Pacific-focused corporate and marketing communications services network firm. Upstream is well positioned to meet Asia's growing demand for branding and communication services with offices in Bejing, Shanghai, Hong Kong, Singapore, Sydney, Taipei, and Tokyo, as well as regional and global affiliates.

For further details please visit www.aboutupstream.com