SIMPLY FURNITURE INTERNATIONAL LTD

At an Extraordinary General Meeting of the Members of the above-named Company duly convened, and held at PKF, Cedar House, 105 Carrow Road, Norwich NR1 1HP, on 24 March 2003, the following Resolutions were duly passed as an Extraordinary Resolution and as an Ordinary Resolution: “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 David S Merrygold and Frederick Charles Satow of PKF, Cedar House, 105 Carrow Road, Norwich NR1 1HP, be and are hereby appointed Joint Liquidators for the purposes of such winding-up.” R Squirrell, Chairman