DELAVAL LIMITED

(Company No 1945075)

Notice is hereby given, pursuant to section 175 of the Companies Act 1985, that:

1. The above-named Company has approved a payment out of capital for the purpose of purchasing two of its own shares.
2. The amount of the permissible capital payment for the shares in question is £918,000 and the Resolution approving such payment out of capital was passed on 27 June 2003.
3. The Statutory Declaration of the Directors and the Auditors’ report, required by section 173 of the Companies Act 1985, are available for inspection at the Company’s registered office at Pascal Close, St Mellons, Cardiff CF3 0LW.
4. Any Creditor of the Company may, at any time within the 5 weeks immediately following 27 June 2003, apply to the Court, under section 176 of the Companies Act 1985, for an Order prohibiting the payment.
S J Woodgate, Company Secretary
27 June 2003.