PHOENIX HEMMING LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at the offices of Grant Thornton, 30 Hounds Gate, Nottingham NG1 7DH, on 5th January 2001, at 10.30 a.m, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: “That it has been proved to the satisfaction of the Meeting that the Company cannot, by reason of its liabilities, continue its business, and that the Company be wound up voluntarily, and that Ronald Harding, of Grant Thornton, of 30 Hounds Gate, Nottingham NG1 7DH, be appointed Liquidator of the Company for the purposes of the voluntary winding-up.” S. Corby, Chairman