HOTCOURSES LIMITED

Notice is given that: 1. By Written Resolution dated 25 November 2004, a Special Resolution was duly passed approving a payment of £1,806,714 out of the Company’s capital (as defined in sections 171 and 172, Companies Act 1985 (the “Act”)) in respect of the purchase by the Company from certain shareholders of the Company of 92,034 ordinary shares of £1 each in the capital of the Company under section 162 of the Act. 2. The amount of the permissible capital payment as defined by sections 171 and 172 of the Act was £1,806,714. 3. The Statutory Declaration and Auditor’s report required by section 173 of the Act, both of which are dated 25 November 2004 are available for inspection at the registered office of the Company at 150-152 King Street, Hammersmith, London W6 0QU. 4. Any Creditor of the Company may apply to the High Court under sections 176 and 177 of the Act within the period of 5 weeks immediately following 25 November 2004 for an Order prohibiting the payment. 25 November 2004.