Notice to Creditors

SMMART Ltd

(In Liquidation)

Registered Office at 34 Albyn Place, Aberdeen

I, John Charles Reid, Lomond House, 9 George Square, Glasgow G2 1QQ, hereby give notice that I was appointed Liquidator of SMMART Ltd at a meeting of creditors on 23rd July 2003.

A Liquidation Committee was not established. I do not propose to summon a further meeting of the Company’s creditors for the purposes of establishing a Liquidation Committee unless one-tenth, in value of the creditors require me to do so in terms of Section 142(3) of the Insolvency Act 1986.

Dated: 28th July 2003

John Charles Reid, Liquidator