GRANSIM PROPERTIES LIMITED

Notice is hereby given that a Special Resolution was passed by Members’ written resolution on 13th July 1998, authorising the payment of £140,115 out of the capital of the Company in respect of the purchases by the Company of 20,000 Ordinary Shares of £1 each from Stephen J. Simons, 18,200 Ordinary Shares of £1 each from Howard I. Simons, 20,000 Ordinary Shares of £1 each from Brian L. Simons and 12,500 Ordinary Shares of £1 each from Geoffrey Grant. The amount of the permissible capital payment was £140,115.   The statutory declaration and auditors’ report dated 13th July 1998 are available for inspection at 120-150 Hackney Road, London E2 7QS, the registered office of the Company.   Any Creditor of the Company may apply to the High Court, pursuant to section 176 of the Companies Act 1985, within 5 weeks immediately following the date of the aforementioned Special Resolution, passed on 13th July 1998, for an Order prohibiting the payment.