EUPHONY COMMUNICATIONS LIMITED

Notice is hereby given that by a Special Resolution of the above-named Company dated 18th June 1999, the Company was authorised to make a payment of £185,000 out of Capital in accordance with section 173(2) of the Companies Act 1985, for the purpose of acquiring 370,000 Ordinary Shares of 0.5 pence each in itself; the Statutory Declaration and Auditors Report required by section 173 of the Companies Act 1985, each dated 18th June 1999, are available for inspection at the registered office of the Company at 7 Pilgrim Street, London EC4V 6LB; any Creditor of the Company may apply to the High Court under sections 176 and 177 of the Companies Act 1985, within the period of 5 weeks immediately following 18th June 1999, for an Order prohibiting the payment.
23rd June 1999.