KORUS SYSTEMS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Devonshire House, 60 Goswell Road, London, EC1M 7AD, on 11 March 2003, 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 Simon Paterson of Moore Stephens, Victory House, Admiralty Place, Chatham Maritime, Kent ME4 4QU, be and is hereby appointed Liquidator for the purposes of such winding up.” A Watson, Chairman