Further time needed to give our opinion regarding declaration of Stock Dividend by Company 1.

Mr. Z

Address….

Dear Sir,

RE: Further time needed to give our opinion regarding declaration of Stock Dividend by Company 1.

We refer to your letter dated May 09, 2007 on the above subject.

Please note that, due to our significant amount of workload, we will not be able to give our opinion regarding the above subject before Tuesday, 15 May, 2007.

If this is agreeable, please inform us at the earliest so that we can initiate working on the opinion. Otherwise, we will return your instruction.

We are sorry for any inconvenience caused to you.

Thanking you,

Yours faithfully,

………………….

For: “The Lawyers & Jurists”