WATSON HARDIE LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Casson Beckman & Partners, Bow Chambers, 8 Tib Lane, Manchester M2 4JB, on 8th July 1999, the following Resolutions were duly passed as an Extraordinary Resolution and as and Ordinary Resolution respectively: “That it has been proved to the satisfaction of the Company that this Company cannot, by reason of its liabilities, continue its business and that it is advisable that the same should be wound-up, and that the Company be wound up accordingly, and that D. Elliot and G. Robbins, of Casson Beckman & Partners, Bow Chambers, 8 Tib Lane, Manchester M2 4JB, are hereby appointed Joint Liquidators of the Company for the purpose of such winding-up, to act jointly and severally.” At a subsequent Meeting of Creditors held at the same place, on the same day, a Resolution was ratified, together with the appointment of D. Elliot and G. Robbins, of Casson Beckman & Partners, Bow Chambers, 8 Tib Lane, Manchester M2 4JB, as Joint Liquidators. D. J. W. Hardie, Chairman