In the High Court of Justice, Business & Property Courts of England and Wales

Insolvency and Companies List (ChD) Court Number: CR-2019-1543

SETL DEVELOPMENT LIMITED

Company Number: (09704844)

trading as SETL Development

Registered office: C/O Quantuma LLP, High Holborn House, 52-54 High Holborn, London WC1V 6RL

Principal trading address: 1 Love Lane, London EC2V 7JN; 159 Princes Street, Ipswich IP1 1QJ

Notice is given, pursuant to Rule 15.13 of the Insolvency (England and Wales) Rules 2016, that the Joint Administrators of the above-named Company (the 'conveners') are seeking deemed consent from creditors on the Joint Administrators' Proposals, the formation of a creditors' committee and the Joint Administrators' discharge from liability.

The decision date for any objections to be made to this proposed decision is 3 May 2019. In order to object to the proposed decision a creditor must have delivered a notice, stating that the creditor so objects, to the Joint Administrators not later than 23.59 hours on the decision date. If less than the appropriate number (10% in value) of relevant creditors (defined as those who would be entitled to vote in a decision procedure, if the decision had been sought in that way) object to the proposed decision, the creditors are to be treated as having made the proposed decision.

The notice of objection must be delivered together with a proof in respect of the creditor's claim in accordance with the Rules failing which the objections will be disregarded. Proofs may be delivered to Quantuma LLP, High Holborn House, 52-54 High Holborn, London WC1V 6RL. A creditor who has opted out from receiving notices may nevertheless make an objection if the creditor provides a proof of debt in the requisite time frame.

It is the conveners' responsibility to aggregate any objections to see if the threshold is met for the decision to be taken as not having been made. If the threshold is met the deemed consent procedure will terminate without a decision being made and if a decision is sought again on the same matter it will be sought by a decision procedure.

Date of Appointment: 1 March 2019

Office Holder Details: Andrew Andronikou (IP No. 8806) and Michael Kiely(IP No. 9617) and Simon Bonney (IP No. 9379) of Quantuma LLP, High Holborn House, 52-54 High Holborn, London, WC1V 6RL

Further details contact: The Joint Administrators, Email: Tom.Maker@Quantuma.com. Alternative contact: Tom Maker.

Andrew Andronikou, Joint Administrator

17 April 2019

Ag FG11536