GMEDIA TECHNOLOGY PLC

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Grant Thornton, Grant Thornton House, Melton Street, Euston Square, London NW1 2EP, on 27th March 2001, at 10.15 a.m., the following Resolutions were 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 Nicholas Stewart Wood and Michael Jervis, of Grant Thornton, Grant Thornton House, Melton Street, Euston Square, London NW1 2EP, be appointed Joint Liquidators of the Company for the purposes of the voluntary winding-up.” D. Penrose, Director