Redemption or Purchase of Own Shares out of Capital

The Borough of Milton KeynesCompanies Act 1985-0.76411152.039551MK9 2HR2006-05-112006-04-062006-04-13MK92HRTSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk57956624624
THE BEECHWOOD ESTATES CO. LIMITED

(Registered in England and Wales under Number 181471) Pursuant to section 175 of the Companies Act 1985, The Beechwood Estates Co. Limited (the Company) hereby gives notice that, by Special Resolutions of the Company passed on 6 April 2006, under section 173 of the Companies Act 1985, the Company has approved a payment out of Capital for the purpose of acquiring its own Shares by purchase. The amount of the permissible Capital payment for the Shares in question is £3,847,524. 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, 206 Upper Fifth Street, Milton Keynes MK9 2HR, during normal business hours. Any Creditor of the Company may at any time prior to 11 May 2006, apply to the Court under section 176 of the Companies Act 1985 for an Order prohibiting the payment. By Order of the Board. M Boone, Director 6 April 2006.