Meetings of Creditors

TAYSIDE TIMBER MERCHANTS LIMITED

(In Liquidation)

Notice is hereby given that by Interlocutor of the Sheriff of Tayside Central and Fife at Forfar dated 25 May 2005, I Blair C Nimmo, CA, KPMG, Unit 2, Delta House, Gemini Crescent, Dundee Technology Park, Dundee DD2 1SW was appointed Interim Liquidator of Tayside Timber Merchants Limited, having its registered office at Unit 5, Station Place, Forfar, Angus DD8 3TB.

Pursuant to section 138(4) of the Insolvency Act 1986 and Rule 4.12 of the Insolvency (Scotland) Rules 1986, the First Meeting of Creditors will be held at The Swallow Hotel, Kingsway West, Invergowrie, Dundee at 11.00 am on Monday 4 July 2005 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). Creditor claims should be made up to 12 May 2005.

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 Joint 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, Interim Liquidator

KPMG, Unit 2, Delta House, Gemini Crescent, Dundee Technology Park, Dundee DD2 1SW.

9 June 2005.