PROXCHANGE LIMITED

Pursuant to section 175 of the Companies Act 1985 (the “Act”) Proxchange Limited (the “Company”) gives notice that: 1. By a Special Resolution of the Members of the Company passed on 11 January 2007, pursuant to section 173 of the Act, the Company approved a payment out of capital for the purpose of acquiring 702,529 of its own ordinary shares by purchase; 2. The amount of the permissible capital payment for the shares in question was 4,004,415.30; 3. The Statutory Declaration of the Directors and the Auditors’ report required by section 173 of the Act are available for inspection at the registered office of the Company being Russell Bedford House, City Forum, 250 City Road, London EC1V 2QQ, up to and including 16 February 2007; and 4. Any Creditor of the Company and any Member of the Company other than one who consented to or voted in favour of the Special Resolution referred to in paragraph 1 above may at any time prior to 16 February 2007 apply to the Court under section 176 of the Act for an Order prohibiting the payment.