STUDIO ONE ASSOCIATES LIMITED

At an Extraordinary General Meeting of Studio One Associates Limited, duly convened, and held at 19 St. Patricks Road, Coventry, on 15th January 2001, at 3 p.m., the following Resolutions were passed as a Special Resolution and as an Ordinary Resolution respectively: “That Studio One Associates Limited be wound up voluntarily, and that Gerard Nicholas Ratcliffe, of Ratcliffe & Co, 7 Chorley New Road, Bolton BL1 4QR, be and is hereby appointed Liquidator for the purpose of winding-up the Company’s affairs and distributing its assets.” L. Clarke, Chairman