BRENLEY (HYDRAULICS) LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at the offices of Casson Beckman & Partners, 3 Dyers Buildings, London EC1N 2JT, on 22nd March 2001, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: “That it has been proven to the satisfaction of this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and that accordingly the Company be wound up voluntarily, and that John Samuel Francis Bennet, of Casson Beckman & Partners, 3 Dyers Buildings, Holborn, London EC1N 2JT, be and is hereby appointed as Liquidator of the Company, empowered to act for the purpose of the winding-up.” At the subsequent Meeting of Creditors held at the same place on the same date, the Resolutions were ratified. B. McGee, Chairman