PRECISION ENGINEERS LIMITED

At an Extraordinary General Meeting of the above-named Company, convened, and held at Hilton Chambers, 15 Hilton Street, Manchester M1 1JL, on 6th April 2001, the following Resolutions were passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: “That the Company cannot, by reason of its liabilities, continue its business, and that the Company be wound up voluntarily, and that Kerry Bailey, of Royce Peeling Green, Hilton Chambers, 15 Hilton Street, Manchester M1 1JL, be appointed Liquidator of the Company for the purpose of such winding-up.” At a Meeting of Creditors held on 6th April 2001, the Creditors confirmed the appointment of K. Bailey as Liquidator. M. R. Hale, Chairman