PICARDY MEDIA GROUP PLC

(In Receivership)

Notice is hereby given, in terms of Section 67(2) of the Insolvency Act 1986, that a Meeting of Creditors will be held at 95 Bothwell Street, Glasgow, G2 7JZ at 2.00pm on 29th April 2003 for the purpose of presenting the Report of the Receiver and of determining whether or not to establish a Committee of Creditors and who are to be the members of that Committee if established.

Creditors whose claims are unsecured, in whole or in part, are entitled to attend in person or by proxy, and a resolution will be passed by a majority in value of those voting. Such creditors whose claims and proxies have been submitted and accepted at the meeting or lodged beforehand at the undernoted address may vote.

D D McGruther, Joint Receiver

Grant Thornton, Chartered Accountants, 95 Bothwell Street, Glasgow G2 7JZ

3rd April 2003