AZARD LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at 20 Winmarleigh Street, Warrington, Cheshire WA1 1JY, on 16 May 2003, the following Extraordinary Resolution was duly passed: “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 Robert W Keating of R W Keating & Co, 20 Winmarleigh Street, Warrington, Cheshire WA1 1JY, be and he is hereby nominated Liquidator for the purpose of the winding-up.” H Patel, Director