Meetings of Creditors

ALEXANDER SANDISON & SONS LIMITED

(In Administration)

Registered Office: Northside, Baltasound, Shetland ZE2 9DS.

Company Number: SC14752.

Further to the appointment of David K Hunter and Derek Forsyth as Joint Administrators on 21 February 2006.

Notice is hereby given, pursuant to paragraph 50 of Schedule B1 of the Insolvency Act 1986, that the initial meeting of creditors of the above company will be held within Kveldsro House Hotel, Greenfield Place, Lerwick, Shetland ZE1 0AQ, on 26 April 2006, at 3.00 pm, for the purpose of considering the Joint Administrator’s proposals and determining whether to establish a Creditors’ Committee.

Any member of the company may apply in writing for a copy of the Statement of Proposals to the Joint Administrators at the undernoted address. A copy of the Statement of Proposals will then be provided.

A resolution at the meeting will be passed if a majority in value of those voting have voted in favour of it.

A creditor will be entitled to vote at the meeting only if a claim has been lodged with me at the meeting or before the meeting at my office and it has been accepted for voting purposes in whole or in part. For the purpose of formulating claims, creditors should note that the date of commencement of the administration is 21 February 2006. Proxies may also be lodged with me at the meeting or before the meeting at my office.

David K Hunter, Joint Administrator

Campbell Dallas, Sherwood House, 7 Glasgow Road, Paisley PA1 3QS.

6 April 2006.