QUEENSBRIDGE MOTORS LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at Finsgate, 5-7 Cranwood Street, London EC1V 9EE, on 3rd April 2001, the following Extraordinary Resolutions were duly passed: “That the Liquidator be and is hereby authorised to divide and distribute among the Members in specie or in kind the whole or any part of the assets of the Company and to determine how such divisions shall be carried out as between the Members, and that the Liquidator be, and is hereby authorised under the provisions of section 165(2)(a), to exercise the powers laid down in Part 1 of Schedule 4 of the Insolvency Act 1986.” G. Davies, Chairman