Resolution for Winding-Up

Chemaris Fishing Company Limited

Company Number: SC162681

Extract of Resolution

(Pursuant to Section 84 of the Insolvency Act 1986)

At an Extraordinary General Meeting of the Members of the above named company, duly convened and held at 16 Carden Place, Aberdeen AB10 1FX on 20th July 2004 the following resolutions were duly passed:

Special Resolution

It was resolved:

That the Company be wound up voluntarily.

Ordinary Resolution

It was resolved:

That Ewen Ross Alexander of Ritson Smith, Chartered Accountants, 16 Carden Place, Aberdeen AB10 1FX be and is hereby appointed as Liquidator for the purposes of such winding-up.

By Order of the Board.

Mervyn T Lees, Chairman

20th July 2004