Receivership

The Insolvency Act 1986

Notice of Appointment of Receiver

Pursuant to Section 65(1)(a) of the Insolvency Act 1986

William Watson & Son Ltd

Abercorn House, 79 Renfrew Road, Paisley PA3 4DA

We, Derek Forsyth and Robert M Dallas of Campbell Dallas, Sherwood House, 7 Glasgow Road, Paisley PA1 3QS, give notice that on 24th June 2002 we were appointed as Joint Receivers of the above company.

The property over which we were appointed as Joint Receivers is the whole of the company’s property.

In terms of Section 59(2) of the Insolvency Act 1986, we further give notice that preferential creditors are required to lodge their formal claim with us within six months of the date of this advertisement.

Derek Forsyth, Robert M Dallas, Joint Receivers

26th June 2002