ISLING LIMITED

(t/a Elspeth Gibson London) At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at The Raglan Hall Hotel, 8-12 Queens Avenue, London N10 3NR, on 1 March 2002, 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 accordingly that the Company be wound up voluntarily and that Mr M Arkin, of Arkin & Co., 23 Turnpike Lane, London N8 0EP, be and is hereby appointed Liquidator for the purposes of such winding-up.” At a Meeting of Creditors held on 1 March 2002, the Creditors confirmed the appointment of M Arkin. E Lawlor, Chairman