PANBURY LTD RETIREMENT AND DEATH BENEFIT SCHEME 22099 MONEY PURCHASE—GMP UNDERPIN WITH SCOTTISH EQUITABLE

PURSUANT TO SECTION 27 OF THE TRUSTEES ACT 1925

Panbury Ltd Retirement & Death Benefit Scheme—22099 (“The Scheme”) was established with effect from 30 June 1988. The Company went into Liquidation on 12 March 2001. On 3 June 2003, Alexander Forbes Trustee Services Limited (previously Bradstock Trustee Services Limited) of registered office, 6 Bevis Marks, London EC3A 7AF, were appointed by the Liquidator to assist them with the winding-up of the Scheme. Alexander Forbes Trustees Services Limited have corresponded by post with all known Members of the Scheme. Accordingly, it is of vital importance that any person having a claim against or an interest in the Scheme, including any person who may have been employed by the Company or an associated employer on a part time basis and who considers that his or her exclusion from the Scheme may have constituted indirect discrimination, who has not received correspondence from us should make themselves known to the Trustees of the Scheme. Particulars of any claim should be sent in writing to Mr Binna Dheer, Alexander Forbes Trustees Services Limited, 6th Floor, Market Square House, St James’s Street, Nottingham NG1 6FG, on or before 3 December 2003, after which date Alexander Forbes Trustee Services Limited, along with the Liquidator will proceed with the winding-up of the Scheme and distribution of the Scheme assets having regard only to the claims and interests of which it has had notice. Notification is not required from persons who are currently in receipt of a pension from the Scheme, or who have received correspondence relating to the Scheme from Alexander Forbes Trustee Services Limited.