SAGH LIMITED

(formerly Scotairways Group Limited) At an Extraordinary Meeting of the Members of the above-named Company, duly convened, and held on 14 March 2003, the following Resolutions were duly passed as a Special Resolution, as an Ordinary Resolution, as Special Resolutions and as an Ordinary Resolution respectively: “That the Company be wound up voluntarily, that Peter A Blair and Richard A B Saville of Begbies Traynor, be and are hereby appointed Joint Liquidators for the purposes of winding-up the Company, that the said Peter A Blair and Richard A B Saville, be and are hereby authorised to pay all classes of Creditors in full and all such other matters as described in Part I to Schedule 4, Insolvency Act 1986, that the said Peter A Blair and Richard A B Saville, be and are hereby authorised to receive in compensation or part compensation for the transfer or sale of the assets, shares, policies or other like interests for distribution among the Members of the Company, and that the Liquidator’s remuneration shall be fixed by reference to the time properly given by the Liquidator and his staff in attending to matters arising in the winding-up, including those falling outside his statutory duties undertaken at the request of Members.” B Souter