VALERULE LIMITED

(t/a Howard Estates) In accordance with Rule 4.106, I Stephen M Katz, of Fisher Partners, Acre House, 11-15 William Road, London NW1 3ER, give notice that on 14 March 2003, I was appointed Liquidator of Valerule Limited, t/a Howard Estates, by Resolutions of Members and Creditors. Notice is hereby given that the Creditors of the above-named Company, which is being voluntarily wound up, are required, on or before 14 July 2003, to send in their full forenames and surnames, their addresses and descriptions, full particulars of their debts or claims and the names and addresses of their Solicitors (if any), to the undersigned Stephen M Katz, of Acre House, 11-15 William Road, London NW1 3ER, the Liquidator of the said Company, and, if so required by notice in writing from the said Liquidator, are personally or by their Solicitors to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution. S M Katz, Liquidator 14 March 2003.