MERINO ENTERPRISES LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held on 4th March 1999, at 10 a.m., the following 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 G. N. Ratcliffe, of Ratcliffe & Co., 7 Chorley New Road, Bolton BL1 4QR, be and he is hereby appointed Liquidator for the purposes of such winding-up.” M. G. L. Vadukul, Director