PROPERTY ENTERPRISE MANAGERS LIMITED

Notice is hereby given, pursuant to the Insolvency Rules 1986, that the Joint Liquidators of the above-named Company intend to declare and distribute a First Interim Dividend to Creditors within the period of four months from the last date of proving mentioned below. Every person claiming to be a Creditor of the above-named Company is required, on or before 6th March 1998, which is the last date for proving, to submit his proof of debt to the Joint Liquidators of the above-named Company at Benedict McQueen, 62 Wilson Street, London EC2A 2BU, and, if so requested, to provide such further details or produce such documentary or other evidence as may appear to the Liquidators to be necessary. A Creditor who has not proved his debt before the last date for proving mentioned above is not entitled to disturb, by reason that he has not participated in the dividend, the distribution of that dividend or any other dividend declared before his debt is proved. I. D. Williams, Joint Liquidator27th January 1998.