Notice to Creditors

H L FRIEL & SON LIMITED

(In Receivership and In Liquidation)

Registered Office: 78 Carlton Place, Glasgow G5 9TH

Former Trading Address: 47/49 Mearns Street, Greenock PA15 4BN

I, Graham H Martin, CA, PricewaterhouseCoopers LLP, Kintyre House, 209 West George Street, Glasgow G2 2LW, hereby give notice that I was appointed Liquidator of H L Friel & Son Limited on 18 July 2006, by resolution of the First Meeting of Creditors convened in terms of Section 138 of the Insolvency Act 1986. The Meeting declined to establish a Liquidation Committee. It is not my intention to summon a further meeting of the Creditors to establish a Liquidation Committee unless requested to do so by one tenth in value of the Company’s Creditors.

All Creditors who have not already done so are required on or before 18 November 2006 to lodge their claims with me.

Graham H Martin, Liquidator

PricewaterhouseCoopers LLP, Kintyre House, 209 West George Street, Glasgow G2 2LW

18 July 2006.