STS (NORTHERN) LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Higham House, Higham Place, Newcastle upon Tyne NE1 8EE, on 27th March 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 the Meeting that the Company cannot, by reason of its liabilities, continue its business, and that the Company be wound up voluntarily, and that Joseph P. F. McLean, of Grant Thornton, 4th Floor, Higham House, Higham Place, Newcastle upon Tyne NE1 8EE, be appointed Liquidator of the Company for the purposes of the voluntarily winding-up.’’ D. Ames, Chairman