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RAC - Several posters have expressed their hope that tomorrow's update will include an update on the Joint Venture. This is unlikely. Several weeks ago the Company stated that it would have to relinquish responsibility for any update to RAC in consideration of their current flotation sensitivities (RAC's possible flotation announcement was made after the proposed Joint Venture initiative was released). However, as mentioned here already today, it should be stressed that THE JOINT VENTURE HAS NO NEGATIVE IMPACT WHATSOEVER ON THE COMPANY'S CURRENT OR MEDIUM TERM FINANCIAL FORECASTS. No return from the joint venture was expected until 2016 at the earliest.
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