Forthcoming Court Hearing on 9 April 2009

The Joint Liquidators Provisionally continue to work with the Isle of Man Treasury in helping develop its proposed Scheme of Arrangement ahead of the next court hearing on 9 April 2009.

If there is a requirement for me to submit an Affidavit into Court prior to 9 April 2009, it will be made available on the website. The Joint Liquidators Provisionally continue to protect the assets of the Bank and are engaged in the realisation of those assets for the benefit of creditors.

Telephone conference dial in details

A further conference call with creditors will take place on Monday 6 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=PJ646DXC3

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.

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