LANGSTONE YACHTING LIMITED

SECTION 175 OF THE COMPANIES ACT 1985

Notice is hereby given that: (a) On 19th September 2000 by written Resolution of the Members a Special Resolution was duly passed that a payment of £310,000 out of the Company’s capital (as defined in sections 171 and 172 of the Companies Act 1985) in respect of the purchase by the Company from Blair Lawrence George Breton of 350,315 “D” ordinary shares of £1 each under section 162 of the Companies Act 1985 be authorised. (b) The amount of the permissible capital payment, as defined by sections 171 and 172 of the Companies Act 1985, was £310,000. (c) The Statutory Declaration and Auditors report, required by section 173 of the Companies Act 1985, both of which are dated 18th September 2000, are available for inspection at the registered office of the Company at Southsea Marina, Fort Cumberland Road, Southsea, Hampshire PO4 9RJ; and (d) 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 19th September 2000, for an Order prohibiting payment.