EQUITY VENTURES LIMITED

Notice is hereby given that at an Extroardinary General Meeting of the above-named Company, held at 107 Promenade, Cheltenham, Gloucestershire GL50 1NW, on 15th May 2000, a Special Resolution was duly passed approving the redemption of 50,000 Cumulative Redeemable Preference Shares of £1 each for an aggregate payment of £50,000 and authorising the payment of £50,000 out of the Company’s capital (as defined in sections 171 and 172 of the Companies Act 1985). The amount of the permissible capital payment, as defined by sections 171 and 172 of the Companies Act 1985, was £50,000 as recorded in the section 173 Statutory Declaration dated 15th May 2000. The Statutory Declaration of the Directors and Auditors’ report is available for inspection at the Company’s registered office from the date hereof and ending 5 weeks after the date of the Resolution. It is open to inspection by Members/Creditors without charge. Any Creditor of the Company may apply to the High Court, under section 176 of the Companies Act 1985, within the period of 5 weeks immediately following 15th May 2000, for an Order prohibiting the payment. 19th May 2000.