NEDRAILWAYS MERSEYSIDE LIMITED

Pursuant to section 175 of the Companies Act 1985, NedRailways Merseyside Limited (the “Company”) hereby gives notice that: The Company approved, by Special Resolution of the Company, passed on 7 November 2005, pursuant to section 173 of the Companies Act 1985, a payment out of capital for the purpose of purchasing 3,999,998 of its own ordinary shares of £1 each. The amount of the permissible capital payment for the shares in question is £3,999,998. The Statutory Declaration of the Directors and the Auditors’ report required by section 173 of the Companies Act 1985, are available for inspection at 8-10 New Fetter Lane, London EC4A 1RS. Any Creditor of the Company may at any time prior to 12 December 2005, apply to the Court under section 176 of the Companies Act 1985, for an Order prohibiting the payment.