Notice of Intended Dividends

MICHAEL STUART PHOTOGRAPHY LIMITED

Notice is hereby given, pursuant to Rule 11.2(1) of the Insolvency Rules 1986, that I, Alan G Haden, the Liquidator of the above-named Company, intend paying a Final Dividend to Creditors within 4 months of the last date for proving specified herein. Creditors who have not already proved are required on or before 31 May 2002, to send in their names and addresses, with particulars of their debts or claims, to the undersigned, Alan G Haden, of Haden Insolvency, Haden House, 485 Birmingham Road, Bromsgrove, Worcestershire B61 0HZ, the Liquidator of the Company, and, if so required by notice in writing by the said Liquidator either personally or by their Solicitors to come in and prove their said debts or claims at such time and place as shall be specified in such notice. A Creditor who has not proved his debt before the date specified above is not entitled to disturb, by reason that he has not participated in it, the Dividend so declared. A G Haden, Liquidator 29 April 2002.