JUST GROUP OFFICIAL THREAD

Good Afternoon All,

Happy New Year to all Justers, may your year be prosperous and healthy.

On behalf of the GOS team, thanks to everyone who have sent their good wishes to myself and the team. A big thanks also to Acelogic and Rene for their excellent achievements on JAG and the web site.

I had a very, very interesting talk for an hour yesterday with someone in the US who is very "close to the action"....unfortunately, some more serious questions have been raised as a result.

However, thats's the bad news - the good news is, there was quite a smoke screen put up and it is very difficult to see through thick smoke; a lot of the smoke has been drifting slowly away over the past 10 days, as more and more information has come to light, including yesterday, and we are now making serious progress.

There was, and still is, a lot more to this than meets the eye, as many of you have suspected. It is very easy to jump to the wrong conclusions without all the facts. That is why not a great deal of information has been posted, as I also know many of you on this BB have appreciated. It is also easy to apportion blame to the wrong individuals, as has happened on this BB.

Our task has been made all the more difficult by having to 'sift' the relevant information from the irrelevant, and, in particular, decide what information is correct and what is being "fed" as a red-herring.

Hopefully, the last few pieces of the jigsaw will be put in place very shortly and then we should be in a position to reach a conclusion and decide, jointly, on the most appropriate action that should be taken in the interest of shareholders. A JAG meeting for all members (which I will discuss with the rest of the team) may be appropriate in the near future.

In the meantime, we are hoping to have a meeting this week with the non- executive Directors, as many of you know, although disapointingly, we are still awaiting a response on a day and time. A potential investor faxed Just on Friday (as mentioned in the press release). Hopefully, the delay on hearing about a meeting is simply due to the New Year holidays.

One final piece of very encouraging news; I have obtained more information from a further very reliable source that the deal with Universal on BUMs is a good one for Just (in spite of the "discovery" in July of the apparent "Polygram involvement" and the misleading comments in the FT on Monday in this regard). The potential revenue for Just from BUMs in future years is still excellent, assuming the information I have been given is accurate (which, I reiterate, I very much believe is the case) and, together with other critical information to hand, I feel Just Group is very much worth saving and the Company could be, and should be, restored to its former glory, with a helping hand.

Best Wishes for now,

Chris.