Travel and Stay Limited

(In Liquidation)

I, Bryan A Jackson, Chartered Accountant, PKF, 78 Carlton Place, Glasgow, G5 9TH, hereby give notice that I was appointed Liquidator of Travel and Stay Limited by a Resolution of a Meeting of Creditors, duly convened and held in 78 Carlton Place, Glasgow, G5 9TH, under the terms of Section 138 of the Insolvency Act 1986 and Rule 4.12 of the Insolvency (Scotland) Rules 1986, on 8 July 2003.

No Liquidation Committee was formed at this Meeting.

I hereby give notice that under Rule 4.18 of the Insolvency (Scotland) Rules 1986, I do not intend to summon a further Meeting for the purpose of establishing a Liquidation Committee. However, under the terms of Section 142(3) of the Insolvency Act 1986, I am required to call such a Meeting if requested to do so by one tenth in value of the Company’s creditors.

Bryan A Jackson, Liquidator

PKF, 78 Carlton Place, Glasgow G5 9TH

10th July, 2003