JACK SAKOL LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held within Merchants House, 7 West George Street, Glasgow, on 23rd March 2001, 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 it is advisable to wind up the same, and accordingly that the Company be wound up, and that G. Ian Rankin, PricewaterhouseCoopers, 1 Blythswood Square, Glasgow G2 4AD, be appointed Liquidator for the purposes of such winding-up.’’ D. A. Sakol, Chairman