BLADESTONE LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 102 Friar Gate, Derby DE1 1FH, on 7 May 2003, the following Resolutions were passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively: “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 that accordingly the Company be wound up voluntarily, and that Shaun Neil Adams and Tyrone Shaun Courtman, of Cooper Parry LLP, be and are hereby appointed Joint Liquidators of the Company for the purposes of such voluntary winding-up and that the Joint Liquidators are to act jointly and severally.” At a Meeting of Creditors held on 7 May 2003 the Creditors confirmed the appointment of Shaun Neil Adams and Tyrone Shaun Courtman of Cooper Parry LLP as Joint Liquidators. R A Foulds, Chairman