Statement by General Partner

LIMITED PARTNERSHIPS ACT 1907

THE SCOTTISH RESIDENTIAL PROPERTY FUND

(Registered in Scotland No. SL005392)

Pursuant to section 10 of the Limited Partnerships Act 1907, notice is hereby given that on 24 August 2006 Max The Sheep Limited, a company incorporated with limited liability and registered in the British Virgin Islands with registration number 649471, whose registered office is at Trident Chambers, Wickhams Cay, P.O. Box 146, Tortola, British Virgin Islands transferred to D.J. Alexander LP, a limited partnership registered in Scotland having registered number SL005736, £108.00 of its capital contribution to The Scottish Residential Property Fund, a limited partnership registered in Scotland having registered number SL005392.