NEWLINE FASHIONS LIMITED

(Registered No. 01847575) We, L. A. Manning and A. G. Stoneman, of Kroll Buchler Phillips Limited, 84 Grosvenor Street, London W1K 3LN, hereby give notice that on 9th Janaury 2001, we were appointed Joint Administrative Receivers of the above-named Company by Bank Leumi (UK) plc, under the terms of a debenture dated 10th March 2000, giving the holders a fixed and floating charge over the whole of the assets of the Company. L. A. Manning, Joint Administrative Receiver