Circular 148 / 19.6.2006 / Lodge Partnership Exit Update

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Thirteen Lodges exited the partnerships in late 2005. A further 24 Lodges have exited the partnerships in recent weeks. The Lodge Partnerships now stand as follows:

Alpha / 10 Lodges remain

(44), 50, 51, (62), 65, 73, 74, 76, 79, 82

Beta / 4 Lodges remain

43, 49, (69), 70,

Gamma / 8 Lodges remain

45, 46, 47, 48, 53, 56, 61, 66,

Elm / 4 Lodges remain

(1), (2), 19, (24),

Fir / 6 Lodges remain

7, 13, 17, 26, 27, 38

Hazel / 3 Lodges remain

3, 22, 31

Oak 9 Lodges (contracts to exit signed on 6 of these)

14, 16, 32, 33, 34, 35, 37, 39, 40. Six lodges in Oak - 14, 16, 32, 33, 34, 39 - have all signed contracts to exit but awaiting probate on 35.

Lodges in brackets are owned by non-shareholders in CGM.

Further Lodges awaiting exit

A further 12 Lodges remain in exit mode but await funds or queries to allow the closure to take place.

Clifden Glen Management (2005) Plc
Market House, Churchtown, Mallow, Co Cork

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