First Global Inc (4)

This notice is issued by the Financial Supervision Commission (“the Commission”) in accordance with the powers conferred upon it under Section 22 of the Financial Supervision Act 1988.

Peerless Equity Group Limited Global Asset Principals Limited First Global Inc. of Nevada

Please refer to the Public Warnings issued on 16 July 2002, 5 September 2002 and 16 September 2002 under the title “First Global Inc.”, “First Global Inc. (2)”, and “First Global Inc (3)”.

The Isle of Man incorporated company P.E.G. Limited, company number 080520C, was dissolved on 19th September 2002. The company details will remain on the Companies Registry with a dissolved designation, but P.E.G. Limited no longer exists as a legal entity.

It is emphasized that there is not, and never has been, any connection whatsoever between P.E.G. Limited and Peerless Equity Group Limited, which has been falsely presented as an Isle of Man incorporated company.

It is also emphasized that there is not, and never has been, any connection whatsoever between

P.E.G. Limited and Peerless Equity Group Limited, a company incorporated in the United Kingdom on 9 September 2002 under company number 04529992.

The Commission would urge any member of the public contacted by any person purporting to represent First Global Inc., Peerless Equity Group Limited or Global Asset Principals Limited to exercise the greatest possible caution before proceeding, bearing in mind the content of this Public Notice and the Public Notices issued on 16 July 2002, 5 September 2002, and 16 September 2002.

Any persons with any concerns about these entities should contact the Enforcement Division on +44 1624 689312 or by email to fsc@gov.im.