PHOENIX MACHINE TOOLS LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at 47 London Street, Reading RG1 4PS, on 30th November 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 Peter John Bridger be and he is hereby nominated Liquidator for the purpose of such winding-up.” M Mancey, Director