APPLICADO LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened and held at First Base, 1-7 Harley Street, London W1N 1DA, on 12 February 2003, the following Resolutions were 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 that the same be wound up voluntarily and that the Company be wound up accordingly, and that Alan H Tomlinson, of Tomlinsons, 2 AC Court, High Street, Thames Ditton, Surrey KT7 0SR is hereby appointed as Liquidator for the purposes of such winding-up.” At the subsequent Meeting of Creditors held on the same date, the Resolution was ratified together with the appointment of Alan H Tomlinson of Tomlinsons, 2 AC Court, High Street, Thames Ditton, Surrey KT7 0SR, Liquidator of the Company. M A Brown, Chairman