PHILLIP ALEXANDER SECURITIES AND FUTURES LIMITED

Notice is hereby given that a General Meeting of the Members of Phillip Alexander Securities and Futures Limited will be held at the offices of Chantrey Vellacott DFK, Russell Square House, 10-12 Russell Square, London WC1B 5LF, on 31st March 1999, at 10.30 a.m., followed at 11 a.m. on the same day by a Meeting of the Creditors of the Company. The Meetings are called, pursuant to section 105 of the Insolvency Act 1986, for the purpose of enabling the Liquidator to present an account showing the manner in which the winding-up of the Company has been conducted in the preceding year and to give any explanation that he may consider necessary. A Member or Creditor entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of him. A proxy need not be a Member or Creditor. Proxies to be used at the Meeting should be lodged at Russell Square House, 10-12 Russell Square, London WC1B 5LF, no later than 12 noon on the working day immediately before the Meetings. B. R. A. Callaghan, Liquidator 22nd February 1999.