ybw has obtained a copy of the letter sent to creditors of Trident Marine UK Ltd, confirming that the company is now insolvent. The letter, dated 8 November 2001, reads as follows:

Trident Marine UK Ltd

Notice is hereby given pursuant to section 98 of the Insolvency Act 1986 that a meeting of the creditors of the above-named company will be held at the offices of Messrs. Radfords, 12 Portland Street, Southampton, on 26 November 2001, at 11.30am for the purposes mentioned in sections 99,100 and 101 of the said act.

A form of proxy is enclosed. Proxies to be used at the meeting must be lodged at the registered office of the company, 12 Portland Street, Southampton, SO14 7EB by not later than noon on the business day next before the meeting.

Would you please send to Messrs. Radfords, 12 Portland Street, Southampton, SO14 7EB a statement showing the amount of your claim against the company, as soon as possible.

8 November 2001