14 OCTOBER 2016

Cash Position

Attached is the summary of cash balances held at 30 September 2016.

PDF Cash Position

Cash balances increased by approximately £245,000 during the quarter. Loan repayments, interest and other receipts totalled £599,000. Catch-up dividends were £2,000. Liquidators fees were £312,000, covering the period 29 November 2014 to 3 June 2016, and other liquidation expenses totalled £40,000.

Loan Book

Attached is the summary of the loan book position at 30 September 2016.

PDF Loan Book

During the quarter to September 2016, one facility was partially redeemed and two facilities were sold realising £0.4 million in cash and resulting in a write-off of £3.8 million.

The loan tables shown have been converted to Sterling using exchange rates as at 30 September 2016.

Interest

There will be a further update in the next few days on the matter of the interest calculations.

Contacts

The best way to make contact is to write to the bank at PO Box 197, Third Floor, Sixty Circular Road, Douglas, Isle of Man, IM99 1SN, or email ksf@iom.pwc.com . If you need to telephone the bank, please use the number +44 1624 699222. All other numbers in previous use are now switched off or auto-forward to +44 1624 699222. Please be aware that all telephone calls are recorded for security purposes.


Mike Simpson
Liquidator