CRAFTWORLD HOLDINGS PLC

At an Extraordinary General Meeting of the above-named Company, convened, and held at the offices of Grant Thornton, 43 Queen Square, Bristol BS1 4QR, on 19th February 1999, at 10 a.m., the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: “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 the Comany be wound up voluntarily, and that M. P. Gerrard, of Grant Thornton, 43 Queen Square, Bristol BS1 4QR, be appointed Liquidator of the Company for the purposes of the voluntary winding-up.” G. P. Ellis, Chairman