CALEDONIAN HIGHLAND HOMES LIMITED

(In Liquidation)

Registered Office: Spean Bridge, Inverness-shire, PH34 4DX

I, Robert M Dallas, Chartered Accountant, Sherwood House, 7 Glasgow Road, Paisley hereby give notice, pursuant to Rule 4.18 of the Insolvency (Scotland) Rules 1986, that by Interlocutor of the Sheriff of Grampian, Highland and Islands at Fort William dated 2nd July 2003, I was appointed Interim Liquidator of the above company.

Notice is hereby given, pursuant to Section 138(4) of the Insolvency Act 1986 and Rule 4.12 of the Insolvency (Scotland) Rules 1986, that the First Meeting of Creditors of Caledonian Highland Homes Limited will be held at Paisley Town Hall, Abbey Close, Paisley on 7th August 2003 at 11.30am 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 lodged beforehand at the undernoted address. For the purpose of formulating claims, creditors should note the date of commencement of the Liquidation is 2nd May 2003. Proxies may also be lodged with me at the meeting or before the meeting at my office.

Robert M Dallas, CA, Interim Liquidator

Campbell Dallas, Sherwood House, 7 Glasgow Road, Paisley

16th July 2003