Redemption or Purchase of Own Shares Out of Capital

THE JELLY CLUB (HOLDINGS) LIMITED

Company number: SC196142

Notice is given pursuant to the Companies Act 1985 Section 175 that the above named company (‘the Company’) passed a written resolution:

1.	approving a form of contract providing for the purchase by the Company of 50.000 of its 8% cumulative redeemable convertible preference shares for the aggregate sum of £69,000; and
2	authorising the payment of £69,000 of the said sum out of capital.

The statutory declaration of the director of the Company and the auditors’ report required by the Companies Act 1985 Section 173(5) are available for inspection at the registered office of the Company at Peffermill Road, Edinburgh, EH16 5UY.

Any creditor of the Company may at any time within the 5 weeks immediately following 22nd November 2002 apply to the Court under the Companies Act 1985 Section 176 for an order cancelling the resolution or for other relief.

J W Jones, Secretary