GROSVENOR ASSURED TENANCIES LIMITED (Registered No. 2535667)

(“the Company”) whose registered office is situate at Blackthorn House, St. Pauls Square, Birmingham B3 1RL

Notice is given, pursuant to the Companies Act 1985, section 175, that a written Resolution in accordance with section 381A of the Companies Act 1985 was signed on 22nd January 1998 approving a form of contract providing for the purchase by the Company of 93,332 of its ordinary shares of £1.041666 each for the aggregate sum of £97,221; and authorising the payment of £89,299 of the said sum out of capital. The statutory declaration of the Directors of the Company and the auditor’s report required by the Companies Act 1985, section 173(5), are available for inspection at the registered office of the Company at the above address. Any Creditor of the Company may at any time within the 5 weeks immediately following 22nd January 1998 (the date of the Resolution) apply to the Court under the Companies Act 1985, section 176, for an Order cancelling the Resolution or for other relief. S. J. Holder, Secretary