Meetings of Creditors

Stenmar Engineering Limited

Stenmar Limited

Stenmar Sonavision Limited

(All in Receivership)

Stenmar Technical Services Limited

(In Administrative Receivership)

Notice is hereby given, pursuant to Sections 48 and 67 of the Insolvency Act 1986, that a meeting of creditors of the above companies will be held at Ocean Frontier, An Aird, Fort William, on 17th March 2004 at 12 noon for the purposes of presenting the report of the joint receivers and joint administrative receivers and, should the meeting think fit, of determining whether or not to establish Committees of Creditors and who are to be the Members of those committees, if established.

Creditors whose claims are unsecured, in whole or in part, are entitled to attend and vote in person or by proxy providing that their claims (and proxies) have been submitted and accepted at the Meeting or lodged beforehand at the undernoted address.

A resolution will be passed when a majority in value of those voting have voted in favour of it.

Notice is hereby given, pursuant to sections 48(2)(b) and 67(2)(b) of the Insolvency Act 1986 that any unsecured creditor wishing to obtain a copy of the above report, free of charge, should write to the undernoted address.

B C Nimmo, Joint receiver and joint administrative receiver

24 Blythswood Square, Glasgow G2 4QS, United Kingdom

10th March 2004