Trust Deeds

Bankruptcy (Scotland) Act 1985: Schedule 5 Paragraph 5(3)

Notice of Trust Deed for the Benefit of Creditors by

ALISTAIR WILLIAM MASTERTON AND AGNES RUSSELL MASTERTON

Trust Deeds have been granted by Alistair William Masterton and Agnes Russell Masterton, both residing at 12 Wardlaw Street, Cowdenbeath KY4 9JX, on 5 April 2005, conveying (to the extent specified in section 5(4A) of the Bankruptcy (Scotland) Act 1985) their estate to me, Kenneth Wilson Pattullo, Insolvency Practitioner, Begbies Traynor (Scotland) LLP, 4 Albyn Place, Edinburgh EH2 4NG, as Trustee for the benefit of their 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: The Trust Deeds will become protected Trust Deeds 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 Deeds and do not wish to accede to them.

The effect of this is that paragraphs 6 and 7 of Schedule 5 to the Act will apply to the Trust Deeds. 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court decrees for unpaid debts) against the Debtor and confers certain protection upon the Trust Deed from being superseded by the sequestration of the Debtor’s estate.

Kenneth Wilson Pattullo, Trustee

Begbies Traynor (Scotland) LLP, 4 Albyn Place, Edinburgh EH2 4NG.