Redemption or Purchase of Own Shares Out of Capital

ALTRA HOLDINGS LIMITED

(Company No. SC167498)

Pursuant to section 175 of the Companies Act 1985, Altra Holdings Limited (the “Company”) hereby gives notice that:

1.	the Company has approved by special resolution passed on 15th October 2003 pursuant to section 173 of the Companies Act 1985, a payment out of capital for the purpose of acquiring 1,000 of its own ordinary shares of 25 pence each by purchase;
2.	the amount of the permissible capital payment for the shares in question is £465,880.
3.	the statutory declaration of the directors and auditors report required by section 173 of the Companies Act 1985 are available for inspection at c/o Abbot Group plc, Minto Drive, Altens, Aberdeen AB12 3LW; and
4.	any creditor of the Company may at any time prior to 19th November 2003 apply to the Court, under section 176 of the Companies Act 1985 for an order prohibiting the payment.