VALENTINA GROUP LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held on 12 October 2005, at 11.30 am, 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 it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that Andrew Andronikou and Peter Kubik, of Hacker Young, be and are hereby appointed Joint Liquidator for the purposes of such winding-up.” N Charalambous, Chairman