Appointment of Receivers

Bond Homes (Scotland) Limited

(In Receivership)

I, Thomas Merchant Burton, George House, 50 George Square, Glasgow, G2 1RR, give notice that on 1st July 2003 my partner, Colin Peter Dempster, and I were appointed joint receivers of the above-named company.

The property over which we were appointed joint receivers is the whole or substantially the whole of the company’s property.

In terms of Section 59 of the Insolvency Act 1986, preferential creditors should lodge their claims with me within six months of the date of this notice.

T M Burton, Joint Receiver

Ernst & Young LLP, George House, 50 George Square, Glasgow G2 1RR

2nd July 2003