Grandloch Limited

(In Liquidation)

Registered Office at 42B Newlands Road, Glasgow

I, John Charles Reid, Lomond House, 9 George Square, Glasgow G2 1QQ, hereby give notice that I was appointed Interim Liquidator of Grandloch Limited on 28th March 2003 by Interlocutor of the Sheriff at Glasgow and Strathkelvin.

Notice is hereby given pursuant to Section 138 of the Insolvency Act 1986 and Rule 4.12 of the Insolvency (Scotland) Rules 1986, that the first Meeting of Creditors of the Company will be held within Lomond House, 9 George Square, Glasgow on 9th May 2003 at 11.00am, for the purpose of choosing a Liquidator and determining whether to establish a Liquidation Committee. The meeting may also consider other resolutions referred to in Rule 4.12(3).

A resolution at the meeting is passed if a majority in value of those voting vote in favour of it.

A creditor will be entitled to vote at the meeting only if a claim has been lodged with me at the meeting or before the meeting at my office and it has been accepted for voting purposes in whole or in part. For the purpose of formulating claims, creditors should note that the date of commencement of the Liquidation is 28th February 2003. Proxies may also be lodged with me at the meeting or before the meeting at my office.

John Charles Reid, Interim Liquidator

Deloitte & Touche, Lomond House, 9 George Square, Glasgow

G2 1QQ