Trust Deeds

Protected Trust Deeds (Scotland) Regulations 2008, regulation 7

Notice of Trust Deed for the Benefit of Creditors by

NADEZHDA O’CONNELL

A Trust Deed has been granted by Nadezhda O’Connell residing at 9 St. Drostan Road, Glenrothes, Fife KY7 4EB on 26 February 2009 conveying (to the extent specified in Section 5(4A) of the Bankruptcy (Scotland) Act 1985) her Estate to me, Donald Iain McNaught, of Invocas, Level 5, City House, Overgate Centre, Dundee, as Trustee for the benefit of her creditors generally.

If a creditor wishes to object to the trust deed for the purposes of preventing it becoming a protected Trust Deed (see notes below on the objections required for that purpose) notification of such objection must be delivered in writing to the Trustee within 5 weeks of the date of publication of this Notice in The Edinburgh Gazette .

Notes: The trust deed may become a protected trust deed unless within the period of 5 weeks of the date of publication of this Notice in The Edinburgh Gazette a majority in number or not less than one third in value of the creditors notify the Trustee in writing that they object to the trust deed and do not wish to accede to it.

Briefly, this has the effect of restricting the rights of non-acceding creditors to do diligence (ie to enforce court decrees for unpaid debts) against the debtor and confers certain protection upon the trust deed from being superseded by the sequestration of the debtor’s estate.

Donald Iain McNaught, Trustee

Invocas, Level 5, City House, Overgate Centre, Dundee.

4 March 2009.