WATERSHED PICTURES LIMITED

A Meeting of Creditors of the above-named Company has been summoned by the Liquidator, pursuant to section 146 of the Insolvency Act 1986, for the purpose of having laid before them, a summary of the final receipts and payment account and also to consider whether he should have his release as Liquidator, pursuant to section 174 of the Insolvency Act 1986. The Meeting wll be held at the offices of Begbies Traynor (Incorporating Taylor Gotham & Fry), The Old Exchange, 234 Southchurch Road, Southend on Sea, Essex SS1 2EG, on 27 June 2003, at 10.00 am. A proxy form must be lodged with me not later than 12.00 noon on Thursday 26 June 2003, to entitle you to vote by proxy at the Meeting. M R Fry, Liquidator 20 May 2003.