CHARTERAGE LIMITED

At an Extraordinary General Meeting of the above-named Company held at Midland House, Notte Street, Plymouth, on 24th May 1999, the following Resolutions were passed, as an Extraordinary Resolution and as Ordinary Resolutions 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 A. H. Beckingham and P. M. Boyden, of PricewaterhouseCoopers, Midland House, Notte Street, Plymouth, 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.” At a Meeting of Creditors held on 24th May 1999, the Creditors confirmed the appointment of A. H. Beckingham and P. M. Boyden as Joint Liquidators and that anything required or authorised to be done by the Joint Liquidators be done by both or either of them. P. Whitell, Chairman