Redemption of Purchase of Own Shares Out of Capital

STOTFIELD FISHING COMPANY LIMITED

Notice is hereby given that:

1.	By a special resolution of the shareholders of the above named Company approved at an Extraordinary General Meeting of the Shareholders held at Elgin on 9th May 2003 the payment out of capital in accordance with Section 173 of the Companies Act 1985 of £113,682.60 for the purpose of the Company acquiring (1) 18,918 Ordinary Shares of £1.00 each from Denholm Fishselling Company Limited and (2) 5,742 Ordinary shares from Colin Stewart was authorised.
2.	The amount of permissible capital repayment as defined by Sections 170, 171 and 172 of the Companies Act 1985 was £113,682.60.
3.	The Statutory Declaration of the Directors and the Auditor’s Report required by Section 173 of the said Act are available for inspection at the registered office of the Company situated at Seaforth, Stotfield Road, Lossiemouth IV31 6QT.
4.	Any creditor of the Company may at any time within the period of five weeks immediately following 9th May 2003 (being the date of the above mentioned Special Resolution) apply to the Court under Section 176 of the said Act for an order prohibiting the payment.
E G Thomson, Company Secretary

Stotfield Fishing Company Limited, Seaforth, Stotfield Road,

Lossiemouth