CALEDONIAN GOLF & LEISURE LIMITED

(In Receivership)

Registered Number: SC037825

Trading Address: 1 Tantallon Road, North Berwick, EH39 5NF

I, John Charles Reid and my partner Angus M Martin, Chartered Accountants of Deloitte & Touche, Saltire Court, 20 Castle Terrace, Edinburgh EH1 0BR, hereby give notice that on 14th February 2003, we were appointed Joint Receivers of the whole property and assets of the above Company in terms of Section 51 of the Insolvency Act 1986.

In terms of Section 59 of the said Act, preferential creditors are required to intimate their claims to us within six months of the date of this notice

John Charles Reid, Joint Receiver