Shareholders in Anderson's, a small-arms manufacturers, are being killed one by one whilst a tycoon plans a take-over. Rifles and other weapons, possibly manufactured by Anderson's, are being smuggled into Africa. Cathy Gale joins the board with a 20 per cent share in order to investigate.

Arabian revolutionary Sharp is visiting Britain and Steed is put in charge of security. He thinks it is ironic that they are now protecting a man they were trying to kill five years before. Two agents were thought to have died during the violent bloodshed in Abarain but now one of them is very much alive.