M J Macleod & Company Limited

(Trading as the Bosville Hotel)

(In Liquidation)

Registered Office:

Albyn House, 37a Union Street, Inverness, IV1 1QA

Trading Address:

9-10 Bosville Terrace, Portree, Isle of Skye, IV51 9DG

I, G lain Bennet, of PricewaterhouseCoopers LLP, 209 West George Street, Glasgow G2 2LW, hereby give notice that I was appointed Interim Liquidator of M J Macleod & Company Limited on 25th April 2003 by Interlocutor of the Sheriff at Inverness.

Notice is also given pursuant to Section 138 of the Insolvency Act 1986 and Rule 4.12 of The Insolvency (Scotland) Rules 1986, as amended by The Insolvency (Scotland) Amendment Rules 1987, that the first Meeting of Creditors of the above company will be held within this office on 5th June 2003 at 10:30am, for the purpose of choosing a Liquidator and determining whether to establish a Liquidation Committee.

A resolution at the meeting is passed if a majority in value of those voting have voted 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 14th March 2003. Proxies may also be lodged with me at the meeting or before the meeting at my office.

G Iain Bennet, Interim Liquidator

PricewaterhouseCoopers LLP, Kintyre House, 209 West George Street, Glasgow G2 2LW

20th May 2003