MANAGEMENT SELECTION CONSULTANTS LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at the offices of Harris Lipman, 2 Mountview Court, 310 Friern Barnet Lane, Whetstone, London N20 0YZ, on 7 March 2003, at 3.15 pm the following Extraordinary Resolution was duly passed: “That the Company cannot, by reason of its liabilities, continue its business and it is advisable to wind up the Company, and accordingly that the Company be wound up voluntarily, and that Freddy Khalastchi, of Harris Lipman, 2 Mountview Court, 310 Friern Barnet Lane, Whetstone, London N20 0YZ, and Alan Simon, of Langley & Partners, Langley House, Park Road, East Finchley, London N2 8EX, are hereby appointed as Joint Liquidators of the Company for the purposes of the voluntary winding-up.” At the subsequent Meeting of Creditors, held at the offices of Harris Lipman, 2 Mountview Court, 310 Friern Barnet Lane, Whetstone, London N20 0YZ, on 21 March 2003, the voluntary liquidation was confirmed by the Creditors, and the appointment of Freddy Khalastchi, of Harris Lipman, 2 Mountview Court, 310 Friern Barnet Lane, Whetstone, London N20 0YZ, and Alan Simon, of Langley & Partners, Langley House, Park Road, East Finchley, London N2 8EX, as Joint Liquidators was ratified. D G Rush, Chairman