ARLEY STEEL LIMITED

Notice is hereby given, pursuant to section 106 of the Insolvency Act 1986, that Meetings of Members and Creditors of the above Company will be held at Robson Rhodes, Centre City Tower, 7 Hill Street, Birmingham B5 4UU, on 26th March 1998, at 11 a.m. and 11.30 a.m. respectively, for the purpose of having an account laid before them by the Joint Liquidators, showing the manner in which the winding-up has been conducted and the property of the Company disposed of, and of hearing any explanation that may be given by the Joint Liquidators. A Member or Creditor entitled to attend and vote at the above Meetings may appoint a proxy to attend and vote in his place. It is not necessary for the proxy to be a Member or Creditor. Proxy forms must be returned to Robson Rhodes, Centre City Tower, 7 Hill Street, Birmingham B5 4UU, by not later than 12 noon on 25th March 1998. A. M. Menzies, Joint Liquidator 24th December 1997.