LAUNCHROY LIMITED

Notice is hereby given, pursuant to section 106 of the Insolvency Act 1986, that a Final Meeting of the Members of the above-named Company will be held at 84 Grosvenor Street, London W1X 9DF, on 3rd August 1999, at 10 a.m., to be followed at 10.30 a.m. by a Final Meeting of Creditors for the purpose of having an account laid before them by the Liquidator showing the manner in which the winding-up has been conducted, and the property of the Company disposed of, and of hearing any explanation that may be given by the Liquidator, and also of determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of. A Member or Creditor entitled to attend and vote at the Meeings may appoint a proxy to attend and vote in his place. It is not necessary for the proxy holder to be a Member or Creditor. Proxies to be used at the Meeings must be lodged with the Liquidator at 84 Grosvenor Street, London W1X 9DF, no later than 12 noon, on the business day preceeding the Meeting. D. Buchler, Liquidator 18th June 1999.