ELITE TRADERS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 18 Theydon Road, London E5 9NA, on 5 April 2002, the subjoined Extraordinary Resolution was duly passed: “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 S Franklin of Panos Eliades, Franklin & Co, of 18 Theydon Road, London E5 9NA, be and he is hereby appointed Liquidator for the purposes of such winding-up.” At a subsequent Meeting of the Creditors held later the same day Mr S Franklin’s appointment as Liquidator was confirmed. D McCaffrey, Chairman