BONDS - THIRD PROSPECTUS

The Third Prospectus for Bonds is now available.

The previous offer raised £155,700, enabling design work to be carried out.

Investment regulations mean that each offer can only be held open for six months.

The Bonds will pay interest at 4% gross per annum and will be redeemable in June 2010.

Bonds will also be convertible into Shares in CKP-Railways plc.

These are the same terms as the previous offer.

Full details are in the prospectus, which is available from:

CKP-Railways plc,

1 Solway Park

Carlisle,

Cumbria CA2 6TH

Or on request by e-mail from:

ckp@cmartindale.fsnet.co.uk

A copy will automatically be sent to everyone on our mailing list.

If Update number 22 was posted to you, a copy of the prospectus will be sent to you automatically.

Prospectus request forms for friends, family and colleagues are available - please contact us as above.

CLICK HERE TO DOWNLOAD PROSPECTUS REQUEST FORM