INTERNATIONAL PROPERTY DEVELOPMENT PLC

Notice is hereby given, in pursuance of section 595 of the Companies Act 1985, that a General Meeting of the Members and a Meeting of the Creditors of the above-named Company will be held at 1 Surrey Street, London WC2R 2NT, on 13th May 1998, at 11 a.m. and 11.30 a.m. respectively, to receive an account showing how the winding-up of the Company has been conducted and its property disposed of and to hear any explanation that may be furnished by the Liquidator. Any Member or Creditor entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of him or her and such proxy need not also be a Member or Creditor. The proxy form must be lodged at 1 Surrey Street, London WC2R 2NT, no later than 4 p.m. on 12th May 1998. M. Fishman, Liquidator 27th March 1998.