Resolution for Winding-Up

The Companies Act 2006

Insolvency Act 1986

LIFE OFFICES OPPORTUNITIES TRUST PLC

(In Members’ Voluntary Liquidation)

Company No SC162841

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at 7 Castle Street, Edinburgh EH2 3AH, on 15 October 2008, the following resolution was passed as a Special Resolution:

“That the Company be wound up voluntarily under the provisions of the Insolvency Act 1986 and that Colin Peter Dempster and Patrick Joseph Brazzill both of Ernst & Young LLP (the “Liquidators”), having consented to act, be and are hereby appointed Joint Liquidators for the purposes of such winding-up with the power to act jointly and severally for the purpose of such winding-up of the Company’s affairs and distributing its assets and any power conferred on them by law or by this resolution and any act required or authorised under any enactment to be done by them may be done by them jointly or by each of them alone.”

Raymond Paul, Chairman