Notice of Intended Dividends

JADE FREIGHT LIMITED

Notice is hereby given that it is our intention to declare a First Dividend to unsecured Creditors of the above-named Company no later than 11 August 2002. Creditors who have not yet done so are required, on or before 11 April 2002, to send their proofs of debt to Nicholas Edward Reed and Gerald Ian Rankin, of PricewaterhouseCoopers, 9 Bond Court, Leeds LS1 2SN, the Joint Liquidators of the Company, and if so requested, to provide such further details or produce such documentary or other evidence as may appear to the Joint Liquidators to be necessary. A Creditor who has not proved his debt by the date specified will be excluded from the Dividend. N E Reed and G I Rankin, Joint Liquidators Note.  This Dividend is expected to be in the region of 18%. 14 March 2002.