SUN HUNG KAI SECURITIES (U.K.) LIMITED

At an Extraordinary General Meeting of the above-named Company, held at Level 12, One Pacific Place, 88 Queensway, Hong Kong, on 31st December 1998, the following Special Resolution was passed: That the Company be wound up as a Members’ Voluntary Liquidation, and that Colin Graham Bird and Nigel Steven Hill, of PricewaterhouseCoopers, No. 1 London Bridge, London SE1 9QL, are hereby appointed as its Liquidators and the powers of the Liquidators may be exercised by either independently of the other.” K. T. G. Chu, Chairman