ISG ELECTRICAL SERVICES LIMITED

At an Extraordinary General Meeting of the above-named Company, convened and held at Grant Thornton, 11-13 Penhill Road, Cardiff CF11 9UP, on 17 March 2003, at 10.30 am, 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 the Meeting that the Company cannot, by reason of its liabilities, continue its business and that the Company be wound up voluntarily, and that Richard Hawes and David Thomas, of Grant Thornton, 11-13 Penhill Road, Cardiff CF11 9UP, be appointed Joint Liquidators of the Company for the purposes of the voluntary winding-up.” T Richards, Chairman