Appointment of Administrators

The City of Manchester-1.54641953.792947LS1 4DW-2.24635553.480554M2 6DS2008-09-252008-10-01The City of LeedsTSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk623784

In the High Court of Justice, Chancery Division

Manchester High Court No 3584 of 2008

MACGREGOR GOLF (EUROPE) LIMITED

(Company Number 01030282 )

Nature of Business: Distribution of golf equipment and apparel

Registered office: KPMG LLP, 1 The Embankment, Neville Street, Leeds

Date of Appointment: 25 September 2008

Howard Smith (IP No 9341 ), of KPMG LLP, 1 The Embankment, Neville Street, Leeds, LS1 4DW and Brian Green (IP No 8709 ), of KPMG LLP, St James Square, Manchester, M2 6DS .