The Board, who themselves feel that the proposed Resolutions will be beneficial to the future working of the Company, submit the matter for your approval, and hope that you will be able to attend the Meeting, at which the matter will be discussed, and any further information or explanation asked for will be dealt with. In case you cannot attend the Meeting, a form of Proxy is enclosed, so that you may cast your vote in that way if you so wish. Yours faithfully, JOHN MOORES, Chairman of the Board.