Administration Orders

Cityspace Retec Limited

Notice is hereby given that on 20th August 2003, a Petition was presented to Glasgow Sheriff Court by Patrick Carlin Logan and Simon Sarsfield being the directors of Cityspace Retec Limited, craving the court inter alia to make an Administration Order in respect of Cityspace Retec Limited, a company incorporated under the Companies Acts and having its registered office at 17-29 West Greenhill Place, Glasgow G3 8LL, in which petition, the Sheriff on 22nd August 2003 pronounced the following Interlocutor:

“The Sheriff, having considered the foregoing Petition, Appoints notice of the Petition to be given in terms of Rule 2.2 of the Insolvency (Scotland) Rules 1986 and grants warrant for service of the petition, together with a copy of this Interlocutor, upon the parties named and designed in the Schedule annexed to the Petition; Allows them, and all parties claiming an interest, to lodge Answers, if so advised within 8 days after such intimation, notice and service; meantime makes an order ad interim ; Appoints Blair Carnegie Nimmo, and Gerard Anthony Friar, of KPMG, 24 Blythswood Square, Glasgow G2 4QS to be interim managers of Cityspace Retec Limited having its registered office at 17-29 West Greenhill Place, Glasgow G3 8LL with the powers to manage the company for the purposes specified in Section 8(3)(b) and (d) of the Insolvency Act 1986 and authorises them (or either of them) to exercise the powers set out in Schedule 1 of the Insolvency Act 1986; and ad interim suspends in terms of Section 9(4) and (5) of the Insolvency Act 1986 the exercise (without the consent of the Interim Managers or the Court) by the Directors of the Company of their powers under its Memorandum and Articles of Association or the Companies Acts and that until the determination of this application; and appoints the Interim Managers to advertise the import of the interim orders once in the Edinburgh Gazette and the Herald Newspaper.”

David M Thomson, Enrolled Solicitor

249 West George Street, Glasgow G2 4RB

Agent for the Petitioners