FINSBURY SMALLER COMPANIES TRUST PLC

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 12 Appold Street, London EC2A 2AW, on 17th December 1999, the following Resolution was duly passed as an Ordinary Resolution: “That, in accordance with Article 148 of the Articles of Association of the Company, the Company be and hereby is wound up voluntarily, and that Richard Graham White and Ipe Jacob (the Liquidators), both of RSM Robson Rhodes, 186 City Road, London EC1V 2NU, be and they are hereby appointed Liquidators of the Company for the purpose of such winding-up and any power conferred on them by law or by this Resolution may be exercised and any act required or authorised under any enactment to be done by them may be done by them jointly or by each of them alone; and the remuneration of the Liquidators be fixed on the basis of time properly spent by them and members of their staff in attending to matters arising prior to, and during, the winding-up and they be and are hereby authorised to draw such remunerations monthly or at such longer intervals as they may determine and to pay any expenses properly incurred by them.” Chairman