COMPASS ENGINEERING SYSTEMS LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened and held at 19 Borough Road, Sunderland SR1 1LA at 10.45 a.m. on Monday 19th March 2001, the following subjoined Extraordinary Resolution was duly passed: “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 it is advisable to wind up the same and accordingly that the Company be wound up voluntarily, and that Mr Ian William Kings, of Jennings Johnson, 19 Borough Road, Sunderland SR1 1LA, be and he is hereby appointed Liquidator for the purpose of such winding-up.” At the subsequent meeting of Creditors duly convened pursuant to section 98 of the Insolvency Act 1986 and held at 6 Foyle Street, Sunderland SR1 1LB at 11.00 a.m. on Monday 19th March 2001, the voluntary Liquidation was confirmed and the appointment of Mr I. W. Kings as Liquidator of the Company was confirmed by Creditors. A. Vaughan, Chairman of the Meeting.