Bankruptcy (Scotland) Act 1985: Section 5, Paragraph 5(3)

Notice by Trustee Under a Trust Deed for the Benefit of Creditors

Trust Deed for Creditors by

IAN WHITE & BARBARA ANN WHITE

Trust Deeds have been granted by Ian White and Barbara Ann White, residing at 24 Teviotdale Avenue, Dundee, DD3 9AY on 11th July 2003 conveying (to the extent specified in Section 5(4A) of the Bankruptcy (Scotland) Act 1985) their Estates to me, AIan William Adie, of Haines Watts, Chartered Accountants, 403 Holburn Street, Aberdeen, AB10 7GS, as Trustee for the benefit of their respective creditors generally.

If a creditor wishes to object to either trust deed for the purposes of preventing it becoming a protected trust deed (see notes below on the objections required for that purpose) notification of such objection must be delivered in writing to the Trustee within 5 weeks of the date of publication of this Notice in The Edinburgh Gazette.

Notes: Each trust deed will become a protected trust deed unless within the period of 5 weeks of the date of publication of this Notice in The Edinburgh Gazette a majority in number or not less than one third in value of the creditors notify the Trustee in writing that they object to the trust deed and do not wish to accede to it.

The effect of this is that paragraphs 6 and 7 of Schedule 5 to the Act will apply to each trust deed. Briefly, this has the effect of restricting the rights of non-acceding creditors to do diligence (ie to enforce court decrees for unpaid debts) against the debtor and confers certain protection upon each trust deed from being superseded by the sequestration of the debtor’s estate.

Alan W Adie, Trustee

Haines Watts, Chartered Accountants, 403 Holburn Street, Aberdeen AB10 7GS

15th September 2003