GEM-MAR LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Abacus Court, 6 Minshull Street, Manchester M1 3ED, on 25th June 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 Ian Williamson, of Campbell Crossley & Davis, 348-350 Lytham Road, Blackpool FY4 1DW, be and is hereby appointed Liquidator of the Company for the purpose of its voluntary winding-up.”   At a Meeting of Creditors, held on 25th June 1998, the Creditors confirmed the appointment of Ian Williamson as Liquidator. R. Royds, Chairman