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FARROW FINANCE COMPANY

Unsecured Notes

Exemption Date - 2 November 1990

ACTUAL INCOME AND ASSET DETAILS TO BE HELD

Asset Value

Effective Date

42%

of the face value of the investment

18 April 1991

100%

of the face value of the investment

2 November 1990

Income Value

0%

no actual income is being paid

2 November 1990