Trust Deeds

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

Trust Deeds for Creditors by

STEPHEN ANDREW MCDERMID AND SUZANNE MCDERMID

Trust Deeds have been granted by Stephen Andrew McDermid and Suzanne McDermid, residing at 22 Woodside Close, Bonhill, Alexandria G83 9EX, on 18 April 2005, conveying (to the extent specified in section 5(4A) of the Bankruptcy (Scotland) Act 1985) their estates to me, Anne Buchanan, PKF, 78 Carlton Place, Glasgow G5 9TH, as Trustee for the benefit of their Creditors generally.

If a Creditor wishes to object to the Trust Deeds for the purposes of preventing them becoming protected Trust Deeds (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court decrees for unpaid debts) against the Debtors and confers certain protection upon the Trust Deeds from being superseded by the sequestration of the Debtors’ estates.

Anne Buchanan, Trustee

PKF, 78 Carlton Place, Glasgow G5 9TH.

25 April 2005.