CHANNON CONSTRUCTION LIMITED

(the Company) Pursuant to section 175 of the Companies Act 1985 the Company hereby gives notice that: The Company approved, by Written Resolution of the Company passed on 19 September 2005, pursuant to section 173 of the Companies Act 1985, a payment out of capital for the purpose of acquiring 446,000 of its own preference shares of £1 each by purchase. The amount of the permissible capital payment for the shares in question is £401,000. The statutory declaration of the Directors and the Auditors’ report required by section 173 of the Companies Act 1985 are available for inspection at Midland Buildings, 19 a Briggate, Shipley, West Yorkshire BD17 7BP. Any Creditor of the Company may at any time within the 5 weeks immediately following the date of the Written Resolution apply to Court under section 176 of the Companies Act 1985 for an Order prohibiting the payment. Rishi Malliwal, Tollers, Solicitors for the Company