BEAUFORT-HANOVER LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 805 Salisbury House, 31 Finsbury Circus, London EC2M 5SQ, on 6th April 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 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 Clive R. Purdy be and he is hereby appointed Liquidator of the Company.” At a Meeting of the Creditors held on 6th April 2001, the appointment of Clive R. Purdy as Liquidator was ratified. D. Macdonald, Chairman