EURO-SEAS LIMITED

At an Extraordinary General Meeting of Euro-Seas Limited, held on 11 February 2005, the following Resolutions were passed as a Special Resolution and as an Ordinary Resolution respectively: “That the Company be wound up voluntarily and that Tim Walsh and Jonathan Sisson, of PricewaterhouseCoopers LLP, Benson House, 33 Wellington Street, Leeds LS1 4JP, be and are hereby appointed Joint Liquidators of the Company for the purposes of such winding-up, and any act required or authorised under any enactment to be done by the Joint Liquidators is to be done by all or any one or more of the persons for the time being holding office.” I Robertshaw, Chairman