URBANFETCH.COM LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 84 Grosvenor Street, London W1X 9DF, on 17th January 2001, at 10 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 this Meeting that the Company cannot, by reason of is 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 Nigel Heath Sinclair and Gary Peter Squires, of Kroll Buchler Phillips Limited, 84 Grosvenor Street, London W1X 9DF, be and are hereby appointed Joint Liquidators for the purposes of such winding-up.” R. Stevens, Chairman