Meetings of Creditors

CHEERS BAR (FR) LIMITED

(In Liquidation)

Notice is hereby given that by Interlocutor of Peterhead Sheriff Court on 7 January 2005 we, Neil A Armour, CA, and Blair C Nimmo, CA, KPMG, 37 Albyn Place, Aberdeen AB10 1JB were appointed Joint Interim Liquidators of Cheers Bar (FR) Limited having its registered office at 10 b Broad Street, Fraserburgh, Aberdeenshire AB43 9AH.

Pursuant to section 138(3) of the Insolvency Act 1986 and Rule 4.12 of the Insolvency (Scotland) Rules 1986, the First Meeting of Creditors will be held at KPMG Offices, 37 Albyn Place, Aberdeen AB10 1JB, on Tuesday, 15 February 2005 at 11.30 am for the purposes of choosing a person to be Liquidator of the Company, determining whether to establish a Liquidation Committee and considering any other Resolution specified in Rule 4.12(3).

Creditors’ claims should be made up to 8 December 2004.

A Creditor is entitled to vote only if a claim has been submitted to the Interim Liquidator and his claim has been accepted for voting purposes in whole or in part. Proxies may be lodged at or before the Meeting at the offices of the Interim Liquidator. A Resolution of the Meeting is passed if a majority in value of those voting vote in favour of it.

The provision of Rules 4.15–4.17 and of Part 7 of the Insolvency (Scotland) Rules 1986 apply.

Blair C Nimmo, Joint Interim Liquidator

KPMG, 37 Albyn Place, Aberdeen AB10 1JB.

24 January 2005.