NOXELL LIMITED

GIORGIO BEVERLY HILLS (EUROPE) LIMITED

MAX FACTOR MANUFACTURING LIMITED

VIDAL SASSOON HOLDINGS LIMITED

At an Extraordinary General Meeting of the above-named Companies, duly convened, and held at Newcastle upon Tyne NE99, on 26th May 2000, at 2.30 p.m., the following Resolutions were duly passed, as a Special Resolution and as Ordinary Resolutions respectively: “That the Company be wound up voluntarily; that Roger Murray Griffiths, of Ernst and Young, Norham House, 12 New Bridge Street, Newcastle upon Tyne, be and is hereby appointed Liquidator of the Companies; and that the remuneration of the Liquidator be fixed at £2,000 plus disbursements and VAT by reference to the time properly given by the Liquidator and his staff in attending to matters arising in the winding-up.” P. V. Morris, Chairman