PANELS INTERNATIONAL LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at St. James Building, 79 Oxford Street, Manchester M1 6HT, on 25th March 1998, 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 R. E. C. Cook, of Hacker Young & Partners, St. James Building, 79 Oxford Street, Manchester, be and is hereby appointed as Liquidator of the Company for the purpose of the voluntary winding-up.” C. D. Wilkinson, Director