STEEL REALISATIONS LIMITED

(formerly Metinox Steel Limited) At an Extraordinary General Meeting of the above-named Company, duly convend, and held at the offices of Arthur Anderson, on Friday, 28 December 2001, the following Resolutions were duly passed, as a Special Resolution, as an Ordinary Resolution and as an Extraordinary Resolution respectively: “That the Company be wound up voluntarily, that Ian Best and Adrian Wolstenhome, of Arthur Andersen, Four Brindleyplace, Birmingham B1 2HZ, be and they are hereby appointed Joint Liquidators for the purpose of such winding-up and that any act required or authorised under any enactment to be done by them may be done by either or both of them and that the Joint Liquidators be hereby authorised in accordance with the Company’s Articles of Association to distribute to the Member in specie on 28 December 2001 the whole of the assets of the Company. A Taylor, Chairman