TRANSELASTIC LIMITED

(Company No 756255)

The above-named Company (“the Company”) has approved a payment out of capital for the purpose of purchasing 39,999 of its own issued A Shares of 25 pence each and 40,000 of its own issued B Shares of 25 pence each. The amount of the permissible capital payment for the shares in question is £29,999 and the date of the Resolution for payment out of the capital was 21 February 2003. The Statutory Declaration of the Directors of the Company and the Auditors’ report, required by section 173 of the Companies Act 1985, are available for inspection at the Company’s registered office at Unit 4, Fifth Avenue, Dukinfield, Cheshire SK16 4PP. Any Creditor of the Company may, at any time within the 5 weeks immediately following the date of the Resolution for payment out of capital, apply to the Court, under section 176 of the Companies Act 1985, for an Order prohibiting the payment.
By Order of the Board.
R H Gelder, Secretary
24 February 2003.