Redemption or Purchase of Own Shares out of Capital

2006-07-042006-07-07Companies Act 1985TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk260742602/241

Redemption or Purchase of Own Shares out of Capital

QUEENSFERRY HOTELS LIMITED

Company Number: SC108310

Pursuant to section 175 of the Companies Act 1985 Queensferry Hotels Limited (the “Company”) hereby gives notice that:

1  The Company approved, by special resolution passed on 4 July 2006 pursuant to section 173 of the Companies Act 1985, a payment out of capital for the purpose of redeeming 1,500,000 of its own Redeemable Preference shares of £1.00 each.

2   The amount of the permissible capital payment for the shares in question is £1,500,000.

3   The statutory declaration of the directors and the auditors’ report required by section 173 of the Companies Act 1985 are available for inspection at 1/2 Royal Terrace, Edinburgh EH7 5AD.

4   Any creditor of the Company may at any time within the 5 weeks immediately following the aforementioned date apply to the court under section 176 of the Companies Act 1985 for an order prohibiting the payment.

Russell Imrie, Director

4 July 2006.