EQUIPOIL PLC (formerly known as International Tool & Supply PLC)

At an Extraordinary General Meeting of the Company, duly convened, and held at 32 St. Mary-at-Hill, London EC3P 3AJ, on Tuesday, 17th November 1998, the following Special Resolution was duly passed:   “That (a) the Company be wound up voluntarily in accordance with the provisions of Insolvency Act 1986 and Martin Fishman and Roy Bailey (the “Liquidators”), be and are hereby appointed Liquidators for the purpose of such winding-up and any power conferred on them by law or by this Resolution may be exercised, and any required or authorised under any enactment to be done by them may be done by them, jointly or by either of them alone; and (b) the remuneration of the Liquidators be fixed on the basis of time properly spent by them and members of their staff 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.” Hon. R. A. Rayne, Chairman