Sequestration of

ANDREW HENDRY

Formerly residing at 330 King Street, Broughty Ferry, Dundee and now residing at 23 Law Road, Dundee

As Permanent Trustee on the Sequestrated Estate of Andrew Hendry I, Ian Rodger Johnston FCCA as Agent for the Accountant in Bankruptcy, hereby intimate that the debtor has made an offer of a composition of 100p in the £1 plus interest at the rate of 8% per annum, payable within the period of one month from the date of the Sheriff’s Deliverance granting his Discharge, and as security for the implementation of the offer the sum of £20,000 has been lodged with me, to include provision for the whole expenses attending the Sequestration and the remuneration of the Interim and Permanent Trustee. The offer has been considered by the Accountant in Bankruptcy who has recommended that the offer be placed before the creditors.

The terms of the offer may be inspected at my office at Royal Exchange, Panmure Street, Dundee during normal office hours.

Ian R Johnston FCCA, Agent for the Accountant in Bankruptcy

Henderson Loggie, Chartered Accountants, Royal Exchange, Panmure Street, Dundee DD1 1DZ

2nd September 2003