LEGAL NOTICE

THE COMPANIES ACT 1981

(“the Act”)

NOTICE IS HEREBY GIVEN that Sarah Charmaine Lampit on behalf of Investors Guaranty™ Foundation (Bermuda) Limited and Caledonian Bank & Trust Ltd. as Trustee of the Investors Guaranty Foundation are applying to incorporate a local company with limited liability to be called:

Image Action

Studios Ltd.

which shall have the following objects:

(i) To carry on the business of constructing, establishing, owning, providing, operating and maintaining telecommunications equipment, facilities and systems (including for the avoidance of doubt, a broadcasting studio) in Bermuda; and to acquire, construct, establish, install, own, operate and maintain all structures, buildings, plant and equipment associated with the foregoing; and

(ii) as set forth in paragraphs (b) to (u) inclusive of the Second Schedule to the Act.

APPLEBY

SPURLING

HUNTER

Attorneys for

the Applicant

LEGAL NOTICE

THE COMPANIES ACT 1981

(“the Act”)

NOTICE IS HEREBY GIVEN that Sarah Charmaine Lampit is applying to incorporate a local company limited by guarantee to be called:

Investors Guaranty™ Foundation (Bermuda) Limited

which shall have the following objects:

(i) To promote, further or advance any charitable purposes or activity in Bermuda and anywhere else in the world;

(ii) to relieve persons in Bermuda and anywhere else in the world who are in any way in conditions of poverty, need, hardship or distress by reason of their social and economic circumstances or as a result of disaster or otherwise;

(iii) to promote or assist with community development and infrastructure projects where such persons live;

(iv) to provide any other support or assistance of a charitable nature to improve the lives and conditions of such persons;

(v) to promote public health and welfare and medical research in Bermuda and anywhere else in the world;

(vi) to relieve sickness and provide or assist with the provision of medical care and medical supplies in Bermuda and anywhere else in the world;

(vii) to promote or provide education in Bermuda and anywhere else in the world; and

(viii) to advance or further any other charitable purposes beneficial to the community in Bermuda and anywhere else in the world.

APPLEBY

SPURLING

HUNTER

Attorneys for

the Applicant

In the Matter of

The Companies Act, 1981

(the Act)

NOTICE IS HEREBY GIVEN that Tamika Renee Todd is applying to incorporate a local company with limited liability to be called:

PLATINUM SERVICES LIMITED

which shall have the following objects:

6.1 To acquire and take over as a going concern and to carry on such of the activities of the business now carried on under the name of Platinum Realty together with all the assets and liabilities belonging to the said business and to conduct and carry on the business of real estate agents within the meaning of that term under the Real Estate Agents Licensing Act, 1976 as amended from time to time (the “Act”) and without limiting the generality of the foregoing, to trade in real estate of all kinds and employ real estate agents, auctioneers, brokers, chartered surveyors, engineers and salesmen and to carry on such other activities as permitted or authorized by the Act;

6.2 to engage in any business, businesses or in any acts or activities which are not prohibited under any law for the time being in force in the Islands of Bermuda and to not engage in any insurance business act or activities which are restricted pursuant to the Ninth Schedule of the 1981 Act (as amended from time to time), unless in receipt of the appropriate licence or permission from the appropriate regulatory authority.

6.3 to do any of the things authorised by the objects set out in paragraphs (b) to (u) inclusive of the Second Schedule to the Act.

Powers:

7.0 The Company shall have the Powers as set out in paragraphs (2) to (29) inclusive of the First Schedule to the Act;

7.1 pursuant to section 42 of the Act, the Company shall have the power to purchase its own shares.

Lightbourne

& Simmons

For and on behalf

of the Applicant

IN THE SUPREME COURT OF BERMUDA

CIVIL JURISDICTION

2005: NO. 292

IN THE MATTER OF BELVEDERE

INSURANCE

COMPANY LIMITED

(IN LIQUIDATION)

AND IN THE MATTER OF THE COMPANIES ACT 1981

SCHEME EFFECTIVE DATE AND BAR DATE

NOTICE IS HEREBY GIVEN that the Scheme of Arrangement between Belvedere Insurance Company Limited (in liquidation) (“Belvedere” or the “Company”) and its Creditors became effective on December 20, 2005.

In accordance with the terms of the Scheme, Creditors are now required to file a Distribution Claim Form on or before the Bar Date which is Monday, February 20, 2006 (being the first working day after 60 days following the Effective Date of December 20, 2005).

Distribution Claim Forms can be downloaded from the Liquidation Website, www.belvedere-liquidation.com. Letters are being forwarded to all Creditors giving notice of the Bar Date and directing them to the Liquidation Website for Distribution Claim Forms. If you are unable to download a Distribution Claim Form from the Liquidation Website, please contact James Makin via

• Email to belvedere-liquidation@kpmg.bm;

• Mail to KPMG, Crown House, 4 Par-la-Ville Road, Hamilton HM08, Bermuda;

• Fax to +1 441 295 8280; or

• Phone on +1 441 294 2652.

Creditors must return the completed Distribution Claim Form so as to reach the Company at the offices of KPMG at the above address on or before the Bar Date. To facilitate a faster lodgment of your Distributions Claims Forms you may scan and email your form to the above email address or fax it to the above fax number, however faxes will only be accepted if legible.

Instructions for the completion of the Distribution Claim Form are provided with the form.

If you provided details of your claim in the form of a completed Provision of Information Form or Voting Claim Form we will send to you a completed Distribution Claim Form showing your Accepted Scheme Claim, as well as any Disputed Scheme Claims including claims that require further supporting information before they can be assessed for acceptance. This should be signed and returned to the Company to confirm your agreement, or a revised Distribution Claim Form should be submitted along with copies of documents supporting the changes. Any revised Distribution Claims Forms must be filed before the Bar Date. If you expected to receive a completed Distribution Claim Form and have not done so by December 31, 2005 please contact James Makin at the above address.

IF YOU DO NOT RECEIVE ADVICE OF YOUR ACCEPTED SCHEME CLAIM IN THE FORM OF A COMPLETED DISTRIBUTION CLAIM FORM YOU MUST FILE A DISTRIBUTION CLAIM FORM BY THE SCHEME BAR DATE OTHERWISE YOUR SCHEME CLAIM WILL BE VALUED AT NIL AND THE COMPANY WILL HAVE NO FURTHER LIABILITY TO YOU.

Dated December 20, 2005

Attride-Stirling

& Woloniecki

Crawford House

50 Cedar Avenue

Hamilton HM11

Attorneys to

Anthony McMahon

and Malcolm Butterfield

Liquidators of

the Company

IN THE SUPREME COURT OF BERMUDA

COMPANIES

(WINDING-UP)

No. 305 of 2005

IN THE MATTER OF THE COMPANIES ACT 1981

AND IN THE MATTER OF MLA INSURANCE COMPANY LIMITED

NOTICE TO CONTRIBUTORIES AND CREDITORS OF FIRST MEETING

(Under the order for winding-up the above-named Company dated 27th day of October 2005)

NOTICE IS HEREBY GIVEN that the first meetings of contributories and creditors in the above matter will be held at the offices of KPMG Financial Advisory Services Limited, Crown House, 4 Par-la-Ville Road, Hamilton, Bermuda at 9:00 am (contributories) and 10:00 am (creditors) on Tuesday, 17th day of January, 2006. The purpose of the meetings is to consider the appointment of the permanent liquidator and whether a committee of inspection should be appointed in respect of the Company.

Proxy forms and Proof of Debt forms to be used at the meeting have been couriered and faxed to all known contributories and creditors and must be lodged with the Provisional Liquidator at the offices of KPMG Financial Advisory Services Limited, Crown House, 4 Par-la-Ville Road, Hamilton, Bermuda by 5 pm (Bermuda time) on Friday, 12th day of January, 2006.

Facsimile copies of proxy forms and proof of debt forms received by the deadline will be accepted (send to + 1 441 295 8280) provided the original is brought to the meeting.

Dated this 23rd day of December, 2005.

Michael Morrison

Provisional Liquidator

LEGAL NOTICE

F.P.C. Management (Bermuda) Ltd.

CORPORATE

RESOLUTION

I, Nicholas Hoskins, Liquidator of F.P.C. Management (Bermuda) Ltd. a Company duly organized and existing under the laws of BERMUDA and having its registered address at Chancery Hall, 52 Reid Street, Hamilton HM 12, Bermuda hereby certify that the following is a true copy of a resolution duly adopted by the Members of the said Company at a meeting thereof duly convened and held on 22 December 2005 at which a quorum was present and voting throughout and that such a resolution is now in full force and effect and is in accordance with the provisions of the Bye-laws of the said Company.

RESOLVED

1. THAT the Company be wound up voluntarily pursuant to the provisions of the Companies Act 1981;

2. THAT Mr. Nicholas J Hoskins be appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith; and

WITNESS my hand and the seal of the said Company this 23 December 2005

Nicholas Hoskins

Liquidator

F.P.C. Management (Bermuda) Ltd.

IN THE MATTER OF THE COMPANIES ACT 1981

MEMBERS’ VOLUNTARY WINDING UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

F.P.C. Management (Bermuda) Ltd.

TO: The Registrar of

Companies

I NICHOLAS J HOSKINS of Wakefield Quin, Chancery Hall, 52 Reid Street, Hamilton HM 12, Bermuda hereby give you notice that I have been appointed Liquidator of F.P.C. Management (Bermuda) Ltd. by a resolution of the Company dated the 22 December 2005

Dated this 23 December, 2005

Nicholas J Hoskins

Liquidator

IN THE MATTER OF: The Companies Act, 1981

IN THE MATTER OF: F.P.C. Management (Bermuda) Ltd.

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before the 16th January, 2006 to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their attorneys (if any) to the undersigned Liquidator of the said Company at Wakefield Quin, Chancery Hall, 52 Reid Street, Hamilton, Bermuda and if so required by notice in writing from the said Liquidator, and personally or by their attorneys, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated: 23 December, 2005

Nicholas Hoskins

Liquidator

IN THE MATTER OF: The Companies Act, 1981

IN THE MATTER OF: F.P.C. Management (Bermuda) Ltd.

NOTICE IS HEREBY GIVEN that a Final General Meeting of the Members of the above named Company will be held at the offices of Wakefield Quin, Chancery Hall, 52 Reid Street, Hamilton, Bermuda on the 23rd January 2006 at 10am, or soon as possible thereafter, for the purposes of: having an account laid before them showing the manner in which the winding-up has been conducted and how the property of the Company has been disposed of and of hearing any explanation that may be given by the Liquidator; determining by Resolution the manner in which the books, accounts and documents of the Company and of the Liquidator thereof, shall be disposed of; and by Resolution dissolving the Company.

Dated: 23 December, 2005

Nicholas Hoskins

Liquidator

IN THE MATTER OF: The Companies Act, 1981

IN THE MATTER OF: Salem Lake

Insurance Ltd.

The following Resolutions of the above named Company were adopted by the Members by written consent on the 19th December, 2005.

(a) that the Company be wound up voluntarily pursuant to the provisions of The Companies Act, 1981; and

(b) that Nicholas Hoskins be appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Certified True Copy:

Jill Pitchford

Secretary

IN THE MATTER OF: The Companies Act, 1981

MEMBERS' VOLUNTARY WIND-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

Salem Lake

Insurance Ltd.

I, Nicholas Hoskins of Chancery Hall, 52 Reid Street, Hamilton in the Islands of Bermuda, HEREBY GIVE NOTICE that I have been appointed Liquidator of Salem Lake Insurance Ltd. by a Resolution of the Company dated 19th December, 2005.

Nicholas Hoskins

Liquidator

IN THE MATTER OF: The Companies Act, 1981

IN THE MATTER OF: Salem Lake

Insurance Ltd.

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before the 16th January, 2006 to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their attorneys (if any) to the undersigned Liquidator of the said Company at Wakefield Quin, Chancery Hall, 52 Reid Street, Hamilton, Bermuda and if so required by notice in writing from the said Liquidator, and personally or by their attorneys, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated: 23 December, 2005

Nicholas Hoskins

Liquidator

IN THE MATTER OF: The Companies Act, 1981

IN THE MATTER OF: Salem Lake

Insurance Ltd.

NOTICE IS HEREBY GIVEN that a Final General Meeting of the Members of the above named Company will be held at the offices of Wakefield Quin, Chancery Hall, 52 Reid Street, Hamilton, Bermuda on the 30th January 2006 at 11am, or soon as possible thereafter, for the purposes of: having an account laid before them showing the manner in which the winding-up has been conducted and how the property of the Company has been disposed of and of hearing any explanation that may be given by the Liquidator; determining by Resolution the manner in which the books, accounts and documents of the Company and of the Liquidator thereof, shall be disposed of; and by Resolution dissolving the Company.

Dated: 23 December, 2005

Nicholas Hoskins

Liquidator

IN THE MATTTER OF THE COMPANIES ACT, 1981

AND IN THE MATTER OF: FIRST HIGH YIELD INVESTORS LIMITED

(IN MEMBER’S VOLUNTARY LIQUIDATION)

NOTICE IS HEREBY GIVEN that by way of a Written Resolution of the sole Shareholder dated 21st December, 2005, the following resolutions were passed:

(a) the Company be wound up voluntarily pursuant to the provisions of the Companies Act, 1981 [as amended];

(b) Carolynn D. Hiron be and is hereby appointed Liquidator of the Company for the purposes of such winding-up, such appointment to be effective forthwith;

Secretary

IN THE MATTTER OF THE COMPANIES ACT, 1981

AND IN THE MATTER OF: FIRST HIGH YIELD INVESTORS LIMITED

(IN MEMBER’S VOLUNTARY LIQUIDATION)

NOTICE OF APPOINTMENT OF LIQUIDATOR

I, Carolynn D. Hiron of Williams House, 20 Reid Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of FIRST HIGH YIELD INVESTORS LIMITED (the “Company”) by a resolution of the Company dated 21st December, 2005.

Carolynn D. Hiron

Liquidator

IN THE MATTER OF THE COMPANIES ACT, 1981

and

AND IN THE MATTER OF: FIRST HIGH YIELD INVESTORS LIMITED

(IN MEMBER’S VOLUNTARY LIQUIDATION)

NOTICE TO CREDITORS

NOTICE is hereby given that the Creditors of the above-named Company which is being voluntarily wound up, are required on or before 17th January, 2006 to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their attorneys (if any) to undersigned Liquidator of the said Company at Olympia Capital International Inc., c/o Williams House, 20 Reid Street, Hamilton, Bermuda, and if so required by Notice in writing from the said Liquidator, and personally or by their attorneys, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated this 23rd day of December, 2005

Carolynn D. Hiron

Liquidator

IN THE MATTER OF THE COMPANIES ACT, 1981

and

AND IN THE MATTER OF: FIRST HIGH YIELD INVESTORS LIMITED

(IN MEMBER’S VOLUNTARY LIQUIDATION)

NOTICE is hereby given that a Final General Meeting of the Sole Shareholder of the above named Company will be held at the offices of Williams House, 20 Reid Street, Hamilton, Bermuda on 26th January, 2006 or as soon as possible thereafter for the purposes of:

(a) receiving an account laid before them showing the manner in which the winding-up has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(b) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator thereof, shall be disposed of; and

(c) by resolution dissolving the Company.

Carolynn D. Hiron

Liquidator

IN THE MATTER OF THE COMPANIES ACT, 1981

AND IN THE MATTER OF: AQ ASIAN

ABSOLUTE RETURN FUND LIMITED

(IN MEMBER’S VOLUNTARY LIQUIDATION)

NOTICE IS HEREBY GIVEN that by way of a Written Resolution of the sole Shareholder dated 21st December, 2005, the following resolutions were passed:

(a) the Company be wound up voluntarily pursuant to the provisions of the Companies Act, 1981 [as amended];

(b) Carolynn D. Hiron be and is hereby appointed Liquidator of the Company for the purposes of such winding-up, such appointment to be effective forthwith;

Secretary

IN THE MATTER OF THE COMPANIES ACT, 1981

AND IN THE MATTER OF: AQ ASIAN

ABSOLUTE RETURN FUND LIMITED

(IN MEMBER’S VOLUNTARY LIQUIDATION)

NOTICE OF APPOINTMENT OF LIQUIDATOR

I, Carolynn D. Hiron of Williams House, 20 Reid Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of AQ ASIAN ABSOLUTE RETURN FUND LIMITED (the “Company”) by a resolution of the Company dated 21st December, 2005.

Carolynn D. Hiron

Liquidator

IN THE MATTER OF THE COMPANIES ACT, 1981

and

AND IN THE MATTER OF: AQ ASIAN

ABSOLUTE RETURN FUND LIMITED

(IN MEMBER’S VOLUNTARY LIQUIDATION)

NOTICE TO CREDITORS

NOTICE is hereby given that the Creditors of the above-named Company which is being voluntarily wound up, are required on or before 17th January, 2006 to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their attorneys (if any) to undersigned Liquidator of the said Company at Olympia Capital International Inc., c/o Williams House, 20 Reid Street, Hamilton, Bermuda, and if so required by Notice in writing from the said Liquidator, and personally or by their attorneys, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated this 23rd day of December, 2005

Carolynn D. Hiron

Liquidator

IN THE MATTER OF THE COMPANIES ACT, 1981

and

AND IN THE MATTER OF: AQ ASIAN

ABSOLUTE RETURN FUND LIMITED

(IN MEMBER’S VOLUNTARY LIQUIDATION)

NOTICE is hereby given that a Final General Meeting of the Sole Shareholder of the above named Company will be held at the offices of Williams House, 20 Reid Street, Hamilton, Bermuda on 26th January, 2006 or as soon as possible thereafter for the purposes of:

(a) receiving an account laid before them showing the manner in which the winding-up has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(b) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator thereof, shall be disposed of; and

(c) by resolution dissolving the Company.

Carolynn D. Hiron

Liquidator

IN THE MATTER OF: The Companies Act 1981

-and-

IN THE MATTER OF: M.S. COMPANY LIMITED

(“the Company”)

(in Member’s Voluntary Liquidation)

By Written Resolutions of the Sole Member of the above-named Company, on the 16th day of December, 2005, the following RESOLUTIONS were duly passed:-

“RESOLVED that:

(1) the Company be wound up voluntarily pursuant to the provisions of the Companies Act, 1981; and

(2) Ms Kerri Viera, of “Milner House”, 18 Parliament Street, Hamilton, Bermuda be and is hereby appointed Liquidator for the purposes of winding-up, such appointment to be effective forthwith.”

Dated this 23rd day of December, 2005

Kerri Viera

Liquidator

IN THE MATTER OF: The Companies Act, 1981

Member’s Voluntary

Winding -Up

NOTICE OF APPOINTMENT OF LIQUIDATOR

Name of Company:

M.S. COMPANY LIMITED

Nature of Business:

Holding company

Address of Registered Office:

Milner House

18 Parliament Street

Hamilton HM 12

Bermuda

Liquidator’s Name and Address:

Ms Kerri Viera

Milner House

18 Parliament Street

Hamilton HM 12

Bermuda

Date of Appointment:

16 December 2005

By Whom Appointed:

By Written Resolutions of the Sole Member

Dated this 23rd day of December, 2005

Kerri Viera

Liquidator

IN THE MATTER OF: The Companies Act 1981

-and-

IN THE MATTER OF: M.S. COMPANY LIMITED

(“the Company”)

(in Member’s Voluntary Liquidation)

NOTICE is hereby given that the Creditors of the Company are required on or before the 6th day of January, 2006, to send their names and addresses and the particulars of their debts or claims to the Liquidator of the Company and, if so required by notice in writing from the said Liquidator, to come in and prove their said debts or claims at such time and place as shall be specified in such notice or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated this 23rd day of December, 2005

Kerri Viera

Liquidator

IN THE MATTER OF: The Companies Act 1981

- and -

IN THE MATTER OF: M.S. COMPANY LIMITED

(“the Company”)

(in Member’s Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Final General Meeting of the Members of the above-named Company will be held at the offices of Cox Hallett Wilkinson, Milner House, 18 Parliament Street, Hamilton HM12, on the 24th day of January, 2006 at 10 o’clock in the forenoon for the following purposes: (1) receiving an account showing the manner in which the winding-up of the Company has been conducted and its property disposed of and hearing any explanation that may be given by the Liquidator; (2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and (3) by resolution dissolving the Company.

Dated this 23rd day of December, 2005

Kerri Viera

Liquidator

IN THE MATTER OF THE COMPANIES ACT 1981

(“THE ACT”)

NOTICE OF CLOSING THE REGISTER OF MEMBERS OF

CHUN WO HOLDINGS LIMITED

NOTICE IS HEREBY GIVEN in accordance with Section 66(5) of the Act that the Register of Members of CHUN WO HOLDINGS LIMITED will be closed from 2 February 2006 to 8 February 2006, both days inclusive, during which period no transfer of shares will be effected

CODAN SERVICES

LIMITED

Resident

Representative

Dated this 23 day of December 2005

IN THE MATTER OF THE COMPANIES ACT, 1981

("The Act")

NOTICE OF CLOSING OF THE REGISTER OF MEMBERS OF

Paul Y. Engineering Group Limited

NOTICE IS HEREBY GIVEN in accordance with Section 66 (5) of the Act that the Register of Members of Paul Y. Engineering Group Limited will be closed from 9 January, 2006 to 11 January, 2006 both days inclusive, during which period no transfer of shares will be effected.

Dated this 21st day of December, 2005

CODAN SERVICES

LIMITED

Resident

Representative

IN THE MATTER OF THE COMPANIES ACT, 1981

("The Act")

NOTICE OF CLOSING OF THE REGISTER OF MEMBERS OF

Oriental Watch

Holdings Limited

NOTICE IS HEREBY GIVEN in accordance with Section 66 (5) of the Act that the Register of Members of Oriental Watch Holdings Limited will be closed from 6th January, 2006 to 11th January, 2006, both days inclusive, during which period no transfer of shares will be effected.

Dated this 20th day of December, 2005

CODAN SERVICES

LIMITED

Resident

Representative