PHASE TWO ELECTRONICS LIMITED

Notice is hereby given that I intend to declare an interim Dividend in this matter. I require Creditors to prove their debts not later than 22nd September 1999 (the last date for proving). I intend to declare an interim Dividend within 4 month of the last date for proving, and shall declare and distribute that Dividend without regard to the claim of any person in respect of a debt not already proved. Forms of proofs of debt are available from the undersigned on request, and completed proofs should be returned to the address shown below. I shall not be obliged to deal with any proofs received after the last date for proving, but I may do so, if I think fit. N. Spearing, for John Travers, Supervisor, BKR Haines Watts Newater House, 11 Newhall Street, Birmingham B3 3NY. 11th August 1999.