STUART LEISURE LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 8 Baker Street, London W1M 1DA, on 11th December 1998, the subjoined Extraordinary Resolution was duly passed: “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 Raymond Hocking and Malcolm Cohen, of BDO Stoy Hayward, 8 Baker Street, London W1M 1DA, are hereby appointed Joint Liquidators of the Company for the purposes of such winding-up, and are to act jointly and severally.” At a subsequent Meeting of Creditors, duly convened, pursuant to section 98 of the Insolvency Act 1986, and held on the same day, the appointment of Raymond Hocking and Malcolm Cohen was confirmed. P. Ryan, Chairman