Appointment of Receivers

Notice Under Section 65 of The Insolvency Act 1986

Monk Cotton International Limited

(In Receivership)

Registered Office: Afton House, 26 West Nile Street, Glasgow

Company No: SC194372

I, F J Gray, and David J Whitehouse, Chartered Accountants of Kroll Limited, Afton House, 26 West Nile Street, Glasgow, G1 2PF, hereby give notice that we were appointed Joint Receivers on 25th March 2003 of the whole property and assets of Monk Cotton International Limited in terms of Section 51 of the Insolvency Act 1986.

In terms of Section 59 of the said Act, preferential creditors are required to lodge their formal claims with us within six months of the date of this Notice.

F J Gray, Joint Receiver

Kroll Limited, Afton House, 26 West Nile Street, Glasgow G1 2PF

25th March 2003