J & M FINE ARTS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at KPMG, 2 Cornwall Street, Birmingham B3 2DL, on 26 February 2003, the following Resolutions were 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 Mark Jeremy Orton and Allan Watson Graham of KPMG, 2 Cornwall Street, Birmingham B3 2DL, be and are hereby appointed Joint Liquidators for the purpose of such winding-up and any act required or authorised under any enactment to be done may be done by either one of them.” M E Isaacs, Director