In the High Court of Justice

No 1514 of 2025

FOSTER & ALLEN LTD

(Company Number 03614456)

Registered office: 136 Hertford Road, Enfield, Middlesex, EN3 5AX

Principal trading address: Marine House, 151 Western Road, Haywards Heath, RH16 3LH

THIS NOTICE is given under Rule 15.8 of the Insolvency (England and Wales) Rules 2016 (the "Rules"). It is delivered by the Administrator of the Company, Engin Faik, of Cornerstone Business Recovery, 136 Hertford Road, Enfield, Middlesex EN3 5AX (telephone number: 020 3793 3338), who was appointed by the Qualifying Floating Charge Holder of the Company.

It is proposed that the following decisions be considered and, if thought fit, carried by creditors:

(a) That a Creditors` Committee be established if sufficient nominations are received and the nominees provide written confirmation that they are willing to act as members of such a Committee;

(b) That CBR be paid a pre-appointment fixed fee of £12,000 plus expenses plus VAT from the realisations of the Company`s assets;

(c) Subject to the limits set out in the Fees and Expenses Estimate (Appendix IX), that the Administrator`s remuneration be set by reference to the time properly spent by the Administrator and his staff in attending to the matters arising in the Administration, such time to be charged at Cornerstone Business Recovery`s prevailing standard hourly charge out rates at the time the work is performed (plus VAT);

(d) That, as Administrator, I be discharged from liability in respect of any action undertaken by me pursuant to Paragraph 98 of Schedule B1 to the Act, such discharge to take effect when the appointment of Administrator ceases to have effect, as defined by the Act, unless the court specifies another time.

The Administrator who is qualified to act as an insolvency practitioner is:

Names of Insolvency Practitioner: Engin Faik

Address of Insolvency Practitioner: Cornerstone Business Turnaround and Recovery Limited, 136 Hertford Road, Enfield, Middlesex EN3 5AX

IP Number 9635

Email Address info@cornerstonerecovery.co.uk

Telephone Number 020 3793 3338

The virtual meeting will be held as follows:

Time: 11:00a.m.

Date: 14 May 2025

To access the virtual meeting: Please contact Eren Faik of Cornerstone Business Turnaround and Recovery Limited on 020 3793 3338 for the login details prior to the meeting.

The virtual meeting may be recorded in order to establish and maintain records of the existence of relevant facts or decisions that are taken at the meeting. By attending this meeting, you consent to being recorded. Where any recording of the meeting also entails the processing of personal data, such personal data shall be treated in accordance with the Data Protection Act 2018.

The virtual meeting may be suspended or adjourned by the chair of the meeting (and must be adjourned if it is so resolved at the meeting).

Also provided is a proxy form to enable creditors to appoint a proxy-holder to attend on their behalf (note: any creditor who is not an individual must appoint a proxy-holder, if they wish to attend or be represented at the meeting).

All proxy forms, together with a proof of debt if one has not already been submitted, must be completed and returned by one of the methods set out below:

By post to: 136 Hertford Road, Enfield, Middlesex EN3 5AX

By fax to: 020 3793 3341

By email to: info@cornerstonerecovery.co.uk

Please note that, if you are sending forms by post, you must ensure that you have allowed sufficient time for the forms to be delivered to the address above by the times set out below. Unless the contrary is shown, an email is treated as delivered at 9:00a.m. on the next business day after it was sent.

All proofs of debt must be delivered by: 4:00p.m. on 13 May 2025.

All proxy forms must be delivered to the convener or chair before they may be used at the meeting fixed for 14 May 2025.

If your proof of debt has not been received by the time specified above (whether submitted previously or as a result of this Notice), that creditor`s vote will be disregarded. Any creditor whose debt is treated as a small debt in accordance with Rule 14.31(1) of the Rules must still deliver a proof if the creditor wishes to vote. A creditor who has opted out from receiving notices may nevertheless vote if the creditor also provides a proof by the time set out above. If there are no non-associate votes received in relation to the approval of Administrator`s fees and expenses, then associated or connected party votes admitted for voting purposes will be taken into account.

Creditors who meet one or more of the statutory thresholds listed below may, between the delivery of this notice and the Decision Date, require a physical meeting to be held to consider the matters detailed above.

Statutory thresholds to request a meeting: 10% in value of the creditors, 10% in number of the creditors, 10 creditors

If the threshold is met, the decision procedure will terminate without a virtual meeting being held and a physical meeting shall be convened.

Creditors who have taken all steps necessary to attend the virtual meeting under the arrangements made by the convener, but that do not enable them to attend the whole or part of the meeting, may complain under Rule 15.38 of the Rules. A complaint must be made as soon as reasonably practicable and, in any event, no later than 4:00p.m. on the business day following the day on which the person was, or appeared to be, excluded; or where an indication is sought under Rule 15.37, the day on which the complainant received the indication.

A creditor may appeal a decision by application to the court in accordance with Rule 15.35 of the Rules. Any such appeal must be made not later than 21 days after the Decision Date