IN THE GRAND COURT OF THE CAYMAN ISLANDS

CAUSE NO:  692 OF 2003

IN THE MATTER OF THE COMPANIES LAW (2003 REVISION)
AND IN THE MATTER OF BEACON HILL MASTER, LTD. (IN LIQUIDATION)

On January 30, 2004, the Grand Court of the Cayman Islands entered an order placing Beacon Hill Master, Ltd. (the "Master Fund") in liquidation and appointing Theo Bullmore and Phillip Stenger as Joint Official Liquidators (the "JOLs") of the Master Fund.  Mr. Bullmore, an accountant, is the managing partner at the office of the accounting firm KPMG in the Cayman Islands.  Mr. Stenger, an attorney, is the founding partner of the law firm of Stenger & Stenger, P.C. in Grand Rapids, Michigan.

In addition to their roles as JOLs of the Master Fund, Mr. Stenger acts as Receiver of Safe Harbor Fund L.P. and Mr. Bullmore acts as Official Liquidator of Bristol Fund, Ltd (in Official Liquidation) ("Bristol").¹

If you have any comments, questions or concerns regarding the liquidation of the Master Fund, please contact the JOLs at:

Theo Bullmore, Joint Official Liquidator Phillip S. Stenger, Joint Official Liquidator KPMG Stenger & Stenger, P.C. Century Yard    4095 Embassy Drive, SE P.O. Box 493 GT   Suite A Grand Cayman, Cayman Islands Grand Rapids, MI 49546 B.W.I.     U.S.A. E-mail:  tbullmore@kpmg.ky   E-mail:  phil@stengerlaw.com Telephone: (345) 949-4800 Telephone: (616) 940-1190 Facsimile: (345) 949-7164   Facsimile: (616) 940-1192

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¹ Prior to the appointment of the JOLs, Theo Bullmore acted as Provisional Liquidator of the Master Fund and Bristol pursuant to Orders of the Grand Court of the Cayman Islands dated October 28, 2003.

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