Resolutions for Winding-up

The City of WestminsterInsolvency Act 1986-0.17563551.515160W2 1EP2001-03-272001-04-03TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211,

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 24 Conduit Place, London W2 1EP, on 27th March 2001, the following Resolutions were passed, as a Special Resolution and as Extraordinary Resolutions respectively: “That the Company be wound up voluntarily and that Ian Franses of Ian Franses Associates, 24 Conduit Place, London W2 1EP, be and is hereby appointed Liquidator for the purposes of such winding-up, that the Liquidator be and is hereby authorised to distribute all or part of the assets in specie to the Shareholders in such proportions as they mutually agree, that the Liquidator be authorised under the provisions of section 165 to exercise the powers laid down in Part I of Schedule 4, Insolvency Act 1986, and that the fee of Ian Franses Associates in assisting the Company in dealing with matters under reference and including the Liquidator’s remuneration be fixed at £1,000 plus disbursements and VAT.” J. Zimmerman, Chairman