NAVEX LIMITED

At an Extraordinary General Meeting of the above-named Company, held at Arkle House, 31 Lonsdale Street, Carlisle, on 25th February 1999, the following Resolutions were 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 David Noel Wilson and David James Waterhouse, of Cork Gully, 89 Sandyford Road, Newcastle upon Tyne NE99 1PL, be and are hereby appointed Joint Liquidators of the Company for the purpose of its voluntary winding-up and that anything required or authorised to be done by the Joint Liquidators be done by both or either of them.” C. M. Wall, Chairman