PRIDE VALLEY FOODS LIMITED

Notice is given, pursuant to the Companies Act 1985, section 175, that by a written Resolution of the Shareholders of the above-named Company (the “Company”) a Special Resolution was passed authorising the payment out of permissible capital of the sum of £578,750 for the purposes of the redemption of 500,000 “B” preference shares for an aggregate price of £578,750.

The Statutory Declaration of the Directors of the Company and the Auditor’s report required by the Companies Act 1985, section 173(5) are available for inspection at the registered office of the Company at Seaham Grange Industrial Estate, Seaham, County Durham SR7 0PT. Any Creditor of the Company may at any time within the 5 weeks immediately following 23 July 2003, apply to the Court under the Companies Act 1985, section 176, for an Order cancelling the Resolution or other relief.