Notice of Intended Dividends

FESTIVAL LTD.

Notice is hereby given, pursuant to Rules 11.2 and 11.12 of the Insolvency Rules 1986, that I intend to declare a First and Final Dividend to preferential and non-preferential Creditors of the above-named Company. Creditors who have not yet done so are required, on or before 27th August 1999, to send their proof of debts to the undersigned, Harold J. Sorsky, Gable House, 239 Regents Park Road, London N3 3LF, the Liquidator of the Company, and if so requested, to provide such further details or produce such documentary or other evidence as may appear to the Liquidator to be necessary. A Creditor who has not proved his debt by the date mentioned above is not entitled to disturb, by reason that he has not participated in it, the First Dividend or any other Dividend declared before his debt is proven. The Dividend will be declared within 4 months from 27th August 1999. H. J. Sorsky, Liquidator 29th July 1999.