Meetings of Creditors

CITY GATE MORTGAGES LIMITED

(In Liquidation)

Registered Office: 100 Berkeley Street, Glasgow G37 7HU

I, Irene Harbottle, of W. D. Robb & Co., Scott House, 12/16 South Frederick Street, Glasgow G1 1HJ hereby give notice that I was appointed Interim Liquidator of City Gate Mortgages Ltd on 21 March 2006 by Interlocutor of the Court of Session.

Notice is also given pursuant to Section 138 of the Insolvency Act 1986 and Rule 4.12 of the Insolvency (Scotland) Rules 1986, as amended by The Insolvency (Scotland) Amendment Rules 1987, that the first Meeting of Creditors of the above company will be held within the Merchants House, 7 West George Street, Glasgow on 2 May 2006 at 11.00 am for the purpose of choosing a Liquidator and determining whether to establish a Liquidation Committee.

A resolution at the meeting is 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 Liquidation is 21 March 2006. Proxies may also be lodged with me at the meeting or before the meeting at my office.

Irene Harbottle, Interim Liquidator

W. D. Robb & Co, Scott House, 12/16 South Frederick Street, Glasgow G1 1HJ.

11 April 2006.