SAUNDERS AND TUTTON LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Flat B, Leegate House, Leegate Road, Heaton Moor, Stockport SK4 4AX, on 13 March 2003, the following Resolutions were passed, as a Special Resolution, as an Ordinary Resolution and as an Extraordinary Resolution respectively: “That the Company be wound up voluntarily, that Alex Kachani of Stanton House, 41 Blackfriars Road, Salford, Manchester M3 7DB, be and he is hereby appointed Liquidator for the purpose of such winding-up, and that in accordance with the provisions of the Company’s articles of association, the Liquidator be and is hereby authorised to divide among the Members in specie all or any part of the Company’s assets.” J S Dodd, Chairman