Notice of Intended Dividends

ALBERT ROAD PROPERTIES LTD

(formerly Torquay Market Company Limited) As Liquidator of the Company, I have given notice to all Creditors to send in their final claims by 25 April 2003. Following the expiry of the above statutory notice to all Creditors, I will be in a position to declare a First Interim Distribution to Shareholders in May 2003, of £14 per share. Only Shareholders or their legal representatives who have returned their Share Certificates by 25 April 2003, or provided me with in Indemnity for a Lost Share Certificate by that date will be considered for distribution at that stage. Any interim distribution declared against shares, where the Shareholder has not returned the Share Certificate or an Indemnity, will be held on account until such documents have been received. Shareholders of the Company or their legal representatives should by 25 April 2003, return their Share Certificate(s), together with their full names and addresses and particulars of their shareholding to me, I Best of Ernst & Young LLP, Broadwalk House, Southernhay West, Exeter EX1 1LF. Requests for a Form of Indemnity for Lost Share Certificate should also be made to the above address. I give notice that following the interim distribution, I will be seeking legal advice and making an Application to Court in relation to unclaimed Dividends/unclaimed distributions held on behalf of Shareholders or their legal representatives who have not provided me with confirmation of their interest in such funds. The intention is that the interests of ‘missing’ Shareholders and any unclaimed funds at a later date be expunged, and the funds redistributed to known Shareholders on a pro rata basis. I Best, Liquidator 24 March 2003.