Garcia Munte Update

Will keep you posted. I did talk with Michel who will be making contacts on
his side today.
---------------------- Forwarded by John L Nowlan/HOU/ECT on 10/31/2000 11:09
AM ---------------------------

Anastasia Karabatsos
10/31/2000 10:56 AM
To: Michel Decnop/LON/ECT@ECT, David Hardy/LON/ECT@ECT, Robert
Quick/LON/ECT@ECT, Chris Mahoney/LON/ECT@ECT, Ross Koller/LON/ECT@ECT, John L
Nowlan/HOU/ECT@ECT, Tani Nath/LON/ECT@ECT
cc: Steve W Young/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, John
Sherriff/LON/ECT@ECT
Subject: Garcia Munte Update

A payment of approximately $9.5-10 mm was due today from GM

Spoke with their office but were told that no instructions for payments were
made today.

We have sent them a fax requesting immediate payment and we were told that
the general manager will call us on Thursday to resolve this situation.
(Wednesday is a national holiday in Spain).

Will keep you informed of any developments

Anastasia