Meetings of Creditors

BANNERDENE LIMITED

(In Receivership)

Notice is hereby given, pursuant to section 67 of the Insolvency Act 1986, that a Meeting of Creditors of the above Company will be held at KPMG, 37 Albyn Place, Aberdeen, on 16 November 2005, at 10.00 am, for the purposes of presenting the Report of the Joint Receivers and, should the Meeting think fit, of determining whether or not to establish a Committee of Creditors and who are to be the Members of the Committee, if established.

Creditors whose claims are unsecured, in whole or in part, are entitled to attend and vote in person or by proxy providing that their claims (and proxies) have been submitted and accepted at the Meeting or lodged beforehand at the undernoted address.

A resolution will be passed when a majority in value of those voting have voted in favour of it.

Notice is hereby given, pursuant to section 67(2)(b) of the Insolvency Act 1986, that any unsecured Creditor wishing to obtain a copy of the Report prepared by the Joint Receivers, free of charge, should write to the undernoted address.

Neil A Armour, Joint Receiver

KPMG, 37 Albyn Place, Aberdeen AB10 1JB.

1 November 2005.