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EDWIN COE LETTER TO PWC HIGHLIGHTING ERRORS IN PRESS RELEASE

Dear Sirs,

Press release

The press release of the Liquidator Provisionally says

"If the Scheme is given approval by creditors, the Scheme will be sanctioned by the courts on 25 May 2009 and at that point become effective. This will be the Effective date of the Scheme."

This is misleading.

(1) The court hearing is on 27 May not 25 May.

LETTER TO JACK STRAW 04/04/09

Rt Hon Jack Straw MP

Lord Chancellor and Secretary of State for Justice
Ministry of Justice
102 Petty France
London
SW1H 9AJ
By e-mail

4 April 2009

Dear Mr Straw

Kaupthing Singer & Friedlander (Isle of Man)

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