THE TREES HOTEL LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at Norfolk House Hotel, 39 Princes Drive, Colwyn Bay LL29 8PF, North Wales, on 4 March 2004, the following Extraordinary Resolution was duly passed: “That it has been proved to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Timothy Hargreaves, of T.H. Associates, Towngate House, 116-118 Towngate, Leyland PR25 2LQ, be and he is hereby nominated for the purpose of winding-up.” B J Kenworthy, Director and Shareholder