FOREIGN & COLONIAL CASHCO LIMITED

At an Extraordinary General Meeting of the Company, duly convened, and held on 5th June 1998, the following Resolutions were duly passed, as a Special Resolution and as an Extraordinary Resolution respectively:   1. That, subject to the conditions (other than the passing of this Resolution) set out in paragraph 15 of the scheme (the “Scheme”) contained in Part 4 of the circular of Foreign & Colonial German Investment Trust PLC, dated 30th April 1998, having been fulfilled, in each case prior to the passing of this Resolution:   (a) the Company be wound up voluntarily, and Colin Graham Bird and Anthony Victor Lomas (the “Liquidators”), both of Price Waterhouse, No. 1 London Bridge, London SE1 9QL, be and are hereby appointed Liquidators of the Company for the purposes of such winding-up and any power conferred on them by law or by this Resolution may be exercised by them jointly or by each one of them alone;   (b) remuneration of the Liquidators be authorised on the basis of time properly spent by them and members of their staff in attending to matters arising prior to and during the winding-up and they be and are hereby authorised to draw such remuneration monthly or at such longer intervals as they may determine and to pay any expenses properly incurred by them to give effect to the Scheme; and   (c) the name of the Company be changed to German CashCo Limited.