SYNDICATE MANAGEMENT (RUN-OFF) LTD

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at Room 813, Lloyds, One Lime Street, London EC3M 7DQ, on 14th December 1998, the following Special Resolution was duly passed: “That the Company be wound up voluntarily, and that Robert Stephen Palmer be and is hereby appointed Liquidator for the purposes of such winding-up.” J. Hilsum, Director