PIPELINE STOPPERS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at KPMG, Peat House, 1 Waterloo Way, Leicester, on 23rd December 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 Allan Watson Graham, of 1 Waterloo Way, Leicester LE1 6LP, be and is hereby appointed Liquidator for the purpose of such winding-up.” M. Smith, Director