Reduction of Capital

-1.55175953.800455LS1 3BGThe City of LeedsThe City of Newcastle upon Tyne2006-12-152007-02-092006-12-082006-12-27LS13BGNE11DE-1.60989754.970792NE1 1DECompanies Act 1985TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211,

In the High Court of Justice (Chancery Division) Newcastle District Registry  No 80218 of 2006 In the Matter of EUROPA MAGNETICS CORPORATION LIMITED and in the Matter of the Companies Act 1985 Notice is hereby given that a Petition was on 8 December 2006, presented to Her Majesty’s High Court of Justice for the confirmation of the reduction of the capital of the above-named Company from £37,000,000 to £4,706,530. And notice is further given that the Petition is directed to be heard at Leeds District Registry, 1 Oxford Row, Leeds, West Yorkshire LS1 3BG, on 9 February 2007, at 10.30 am or as soon thereafter as the matter may be heard. Any Creditor or Shareholder of the Company desiring to oppose the making of an Order for the confirmation of the reduction of capital, should appear at the time of hearing in person or by Counsel for that purpose. A copy of the Petition will be furnished to any such person requiring the same by the under mentioned Solicitors, on payment of the regulated charge for the same. Short Richardson & Forth, Solicitors, 4 Mosley Street, Newcastle upon Tyne NE1 1DE.  (Ref TAB/EUR01046.) 15 December 2006.