DELE OLUFON & CO. CHARTERED ACCOUNTANTS
REPORT OF THE AUDITORS TO THE MEMBERS OF REWARD INVESTMENTS AND SERVICES LIMITED
ACCOUNTS AS AT 31 ST DECEMBER, 2004

RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND THE AUDITORS
In accordance with the provisions of Section 334-5 of the companies and Allied Matters Act, 1990, the Company's directors to form an independent opinion based on our audit of those statements and to report our opinion to you.

BASIS OF OPINION
We conducted the audit in accordance with Auditing Standards. An Audit included an examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgments made by the directors in the preparations of the financial statements, and of whether the accounting policies are appropriate to the Company's circumstances and are consistently and adequately disclosed. We planned and performed the audit so as to obtain all the information and explanations, which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement whether caused by fraud, irregularity or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of information in the financial statements.