EXCEL UK LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at Linden House, Monk Street, Abergavenny, on 16th January 2001, the following Resolultions were duly passed as Special Resolutions: “That the Company be wound up voluntarily, and that Edwin F. Hunt, of HLB Kidsons, Elgar House, Holmer Road, Hereford HR4 9SF, be and is hereby appointed Liquidator for the purposes of such winding-up, and that the Liquidator be and is hereby authorised under the provisions of section 165 of the Insolvency Act 1986, to exercise the powers laid down in Schedule 4, Part 1, of the said Act, and that in accordance with the provisions of the Company’s Articles of Association or, if necessary, by amending in this respect the Articles of Association, the Liquidator be and is hereby authorised to divide and distribute, amongst the Members and Creditors as appropriate, in specie or in kind, the whole or any part of the assets of the Company and may determine how such division and distribution shall be carried out as between the Members and Creditors.” R. J. Leaver, Chairman