MILNER ESTATES LIMITED

(“the Company”)
Registered in England No. 2059176
Payment out of Capital.

Notice is hereby given, pursuant to section 175(1) of the Companies Act 1985 (“the Act”), that on 20th December 2000, Members of the Company approved by Special Resolution pursuant to section 173 of the Act a payment out of capital for the purpose of acquiring the 145,243,535 Ordinary Shares of £1 each in the capital of the Company: the amount of the permissible capital payment (as defined in section 171 of the Act) for those shares is £145,243,535. The statutory declaration of the Directors of the Company and the report of the Company’s auditors required by section 173 of the Act are available for inspection by any Member or Creditor of the Company at 40 Queen Anne Street, London W1G 9EL (the registered office of the Company) during normal business hours on any weekday (Saturdays and public holidays excepted) from Friday, 22nd December 2000 to Wednesday, 24th January 2001. Any Creditor of the Company may at any time within the five weeks immediately following Wednesday, 20th December 2000, apply to the Court under section 176 of the Act for an order prohibiting the payment out of capital.
By Order of the Board.
A. Moss, Secretary
20th December 2000.