YEOMAN INVESTMENT TRUST PLC

At an Extraordinary General Meeting of the above-named Company, duly convened, and held on 31st December 1998, the following Ordinary Resolution was passed: “That the Company be and hereby is wound up voluntarily, and that Adrian Richard Stanway and Nigel Steven Hill (“the Liquidators”), both of PricewaterhouseCoopers, of Plumtree Court, London EC4A 4HT, be and they are hereby appointed Liquidators of the Company for the purposes of such winding-up, and any power conferred on them by law or by this Resolution may be exercised and any act required or authorised under any enactment to be done by them may be done by them jointly or by each of them alone, and the remuneration of the Liquidators be fixed on the basis of time properly spent by them and members of their staff in attending to matters arising prior to and during the winding-up, and they be and are hereby authorised to draw such remuneration monthly or at such longer intervals as they may determine and to pay any expenses properly incurred by them.” P. J. C. Ashfield, Chairman