Bankruptcy (Scotland) Act 1985: Section 5, Paragraph 5(3)

Notice by Trustee Under a Trust Deed for the Benefit of Creditors

Trust Deed for Creditors by

THOMAS DAVIDSON & ANNE DAVIDSON

Trust Deeds have been granted by Thomas Davidson and Anne Davidson, residing at 192 Towers Road, Airdrie, Lanarkshire, ML6 8LZ on 30th January 2003 conveying (to the extent specified in Section 5(4A) of the Bankruptcy (Scotland) Act 1985) their Estates to me, Ian William Wright, of BKR Haines Watts, Chartered Accountants, 65 Bath Street, Glasgow, G2 2DD, as Trustee for the benefit of their respective creditors generally

If a creditor wishes to object to either trust deed for the purposes of preventing it becoming a protected trust deed (see notes below on the objections required for that purpose) notification of such objection must be delivered in writing to the Trustee within 5 weeks of the date of publication of this Notice in The Edinburgh Gazette.

Notes: Each trust deed will become a protected trust deed unless within the period of 5 weeks of the date of publication of this Notice in The Edinburgh Gazette a majority in number or not less than one third in value of the creditors notify the Trustee in writing that they object to the trust deed and do not wish to accede to it.

The effect of this is that paragraphs 6 and 7 of Schedule 5 to the Act will apply to each trust deed. Briefly, this has the effect of restricting the rights of non-acceding creditors to do diligence (ie to enforce court decrees for unpaid debts) against the debtor and confers certain protection upon the trust deed from being superseded by the sequestration of the debtor’s estate.

Ian W Wright, Trustee

BKR Haines Watts, Chartered Accountants, 65 Bath Street, Glasgow G2 2DD

12th February 2003