PACIFIC PROPERTIES LIMITED

At an Extraordinary General Meeting of the above Company, held at 159 New Bond Street, London W1Y 9PA, on 8th July 1998, the following Resolutions were passed, as a Special Resolution, as Ordinary Resolutions and as an Extraordinary Resolution respectively:   “That the Company be wound up voluntarily, that Joseph Patrick Considine and Robert William Birchall, of PricewaterhouseCoopers, Churchill House, Churchill Way, Cardiff, be and are hereby appointed Joint Liquidators of the Company for the purpose of its voluntary winding-up, that anything required or authorised to be done by the Joint Liquidators be done by both or either of them, that the Liquidators’ remuneration shall be fixed by reference to the time properly given by the Liquidators and their staff in attending to matters arising in the winding-up, including those falling outside their statutory duties undertaken at the request of Members, and assisting the Directors in preparing the declaration of solvency, provided that such remuneration shall not exceed £2,000 plus VAT, plus disbursements, that, in accordance with the provisions of the Company’s articles of association, the Liquidators be authorised to divide among the Company’s Members in specie the whole or any part of the Company’s assets, and to value any such assets and determine how the division shall be carried out as among the members or different classes of Members, but no Members shall be compelled to accept any assets upon which there is a liability.” K. M. Brooks, Chairman