BOWDENE REDCAR LIMITED

On 27th May 1998, the following Resolutions were passed as an Extraordinary Resolution and as Ordinary Resolutions 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 the Company be wound up voluntarily, and that David N. Wilson and David J. Waterhouse, of Cork Gulley, Hadrian Place, Higham Place, Newcastle upon Tyne NE1 8BP, be and are hereby appointed Joint Liquidators of the Company for the purpose of its voluntary winding-up, and that anything required or authorised to be done by the Joint Liquidators be done by both or either of them.” for and on behalf of the Midland Enterprise Fund