Telephone conference dial in details

A further conference call with creditors will take place on Friday 24 April 2009 4pm BST.

Once again, I am making the access details generally available to depositors. If you wish to listen to the call, you will need to register in advance. Please click the link to register.

https://cossprereg.btci.com/prereg/key.process?key=P3CE8C6PX

Participation will be on a listen only basis. The facility is provided by a third party and accordingly there is a cost per head for usage. Should any party register and then not attend the liquidation will be charged.

The number of lines is limited and I would request that only those depositors who are able to make the call register as we will make the audio recording of the call available on the website for those of you who are unable to attend. Should depositors choose this route to listen, it will significantly reduce the costs.

Scheme of Arrangement

The Scheme, the Explanatory Statement, and voting papers for the Scheme Creditor meetings will be sent to all known Scheme Creditors (as defined in the Scheme documents) in accordance with the Court Order. The documents will also be made available via the Bank's website on the same date. Notices will be placed in the International Herald Tribune, the international edition of the Financial Times, the Financial Times, the New Zealand Herald and the Isle of Man Examiner.

A number of roadshows will also be held in the time up to the Scheme Creditor meetings on 19 May 2009, details of which will be available on the website. For further information on the timetable for the Scheme of Arrangement please see the website update of 09 April 2009.

Contacts

As previously, the best way to make contact is to write to the bank or to email branch@singers.co.im. If you need to telephone the bank, please use the main switchboard number +44 1624 699222.

Mike Simpson

Joint Liquidator Provisionally