'Bend It Like Beckham'?

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BACKING A 'BEND IT LIKE BECKHAM'? Media adviser Sparta has teamed up with EIS Fund Manager Lacomp plc to launch the 'Sparta Film & TV Risk Managed EIS Fund'. The Sparta team has been involved over many years in a wide range of award-winning productions featuring some of the biggest names in film & TV, including: o Michael Caine, Richard E Grant, Helena Bonham-Carter, Ben Kingsley, Edward Fox, Candice Bergen, Julie Walters, Trevor Eve, Jenny Seagrove, Patrick McGoohan, Jane Seymour, Billie Whitelaw, Burt Lancaster, Jennifer Connelly, Kenneth Branagh, Sienna Miller, Patrick Dempsey, Martin Kemp, Steven Berkoff, Emily Mortimer, Gabriel Byrne, Stephen Rea and Colm Meaney. This innovative new Fund is being launched to offer a wide range of investors (minimum investment £5,000) the opportunity to invest in lower-budget UK film and TV productions with the added bonus of obtaining tax advantages under the Enterprise Investment Scheme (EIS), namely CGT Deferral, CGT Exemption, 20% Income Tax Relief and IHT efficiency. The 'Sparta Film & TV Risk Managed EIS Fund' is targeting production budgets up to £3.5 million, a sum which may sound small but which has in the past resulted in hugely successful films such as 'The Full Monty', 'Shaun of the Dead', and 'Bend It Like Beckham'. Lower-budget UK film and TV productions are targeted because they offer the potential for creating a larger portfolio of films, thereby offering a greater spread of risk. In addition, being lower budget means there is less outlay to re-coup, thus further reducing the investment risk. It is anticipated that upon exit, even if all the films fail, an investor should receive back – as a minimum – his or her original investment net of costs and the 20% EIS relief. This is to be achieved by (a) limiting the equity element of the investment to 20% of the total budgeted cost of suitable productions; (b) earning a good return on the remaining 80%, which is to be invested in low risk commercial activities related to the film and TV productions; and (c) taking advantage of UK film industry tax credits and, for example, pre- sales revenues. The investment strategy of the fund will therefore result in the very significant reduction of the risk of capital loss, without in any way restricting the potential profitability of any of the productions backed by the fund and any resulting 'tax free' capital gains for investors. Lacomp has agreed to extend the Fund's closing date to 30th June in order to make it available to investors who are concerned about possible uncertainties raised by the forthcoming General Election. The brochure is available online and, with the application form, to download, while for hard copies please contact us at the address below. For further information, please contact: Peter Buxtorf, Managing Director Steve Willmot, Investment Director Lacomp plc Head Office & Registered Address: 77 High Street Bagshot Surrey GU19 5AH Tel: +44 (0) 1276 475 123 Fax: +44 (0) 1276 475 273 Email : [email protected] Website: www.lacomp.co.uk & www.lacompeisfunds.co.uk Regulated by the Financial Services Authority Reg. in England No. 1851201 VAT Reg. No. 592038631 Alternatively, please contact: Douglas Abbott, Chairman & Finance Director Sparta Film Management Ltd Acre House 11-15 William Road London NW1 3ER Tel: 07925 160 006 .

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