GAFIN Exec International / www.gafinexec.com

(Updated from Public Warning KL/01/2006 issued 19 January 2006)

The Commission has recently become aware of the above website which claims to represent the above entity.

The website claims that the above entity has an address of Queens Court, 55 Circular Road, Douglas, Isle of Man, IM99 4NZ, United Kingdom. Research carried out by the Commission has confirmed that there is no Queens Court in Douglas, Isle of Man. In addition, extensive checks undertaken by the Commission have confirmed that the above entity is not associated with the address of 55 Circular Road, Douglas, Isle of Man or the postcode IM99 4NZ.

The above entity is not a company incorporated within the jurisdiction of the Isle of Man. It is not registered as a foreign company having established a place of business on the Isle of Man. It is not registered as a business name on the Isle of Man.

The above entity is not licensed by the Financial Supervision Commission to undertake banking business or any other regulated activity in, on or from the Isle of Man.

A list of all institutions licensed by the Commission is available on our website.

The Commission has established no association between this entity and any genuine Isle of Man companies.

The Commission has established no genuine links between this entity and the Isle of Man.

Under the circumstances, the Commission would strongly urge persons considering dealing with this entity to exercise the greatest possible caution before proceeding, bearing in mind the contents of this public notice.

Any persons who are already involved in any dealings with the above entity and have concerns should contact the Enforcement Division on +44 1624 689315 or by email to fsc@gov.im.

Any persons who have paid funds to the above entity should contact their local Police Fraud Unit without delay.

FSC Reference: KL/10/2006