GRUNDIG BUSINESS SYSTEMS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Elstree Business Centre, Elstree Way, Borehamwood, Hertfordshire WD6 1RX, on 26 June 2003, the following Resolutions were passed, as a Special Resolution and as an Ordinary Resolution respectively: “That the Company be wound up voluntarily, and that Mark Jeremy Orton and Allan Watson Graham, of KPMG Corporate Recovery, 2 Cornwall Street, Birmingham B3 2DL, be and are hereby appointed Joint Liquidators for the purpose of such winding-up, and that any power conferred on them by the Company, or by law, be exercisable by them jointly, or by either of them alone.” C J Winter, Chairman