ALEXANDER PEARCE LIMITED

Notice is given pursuant, to the Companies Act 1985 section 175 that a Written Resolution of all the shareholders was passed on 26th November 1999, approving a form of contract providing for the purchase by Alexander Pearce Limited (“the Company”) of 500,000 of its Redeemable Preference Shares of £1 each for the aggregate sum of £835,000; and authorising the payment of £225,000 of the said sum out of capital. The statutory declaration of the directors of the Company and the auditors’ report required by the Companies Act 1985 section 173(5) are available for inspection at the registered office of the Company at 110 Jermyn Street, London SW1Y 6RH. Any Creditor of the Company may at any time within the 5 weeks immediately following 26th November 1999, apply to the Court under the Companies Act 1985, section 176 for an order cancelling the Resolution or other relief.