Meeting of Creditors

Bream (Hotels) Limited

(Formerly Arthouse Hotel Limited)

(In Receivership)

Notice is hereby given, pursuant to Section 67 of the Insolvency Act 1986, that a meeting of creditors of the above company will be held at Arthouse Hotel, 129 Bath Street, Glasgow, on 24th May 2004 at 2 pm for the purposes of presenting the report of the joint receivers and, should the meeting think fit, 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 and vote in person or by proxy providing that their claims (and proxies) have been submitted and accepted at the Meeting or lodged beforehand at the undernoted address.

A resolution will be passed when a majority in value of those voting have voted in favour of it.

B C Nimmo, Receiver

24 Blythswood Square, Glasgow G2 4QS United Kingdom

21st April 2004