ONE MORE TIME (UK) LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at The Cambridge Suite, New Connaught Rooms, 61-65 Great Queen Street, London WC2B 5DA, on 11 July 2003, the subjoined 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 Mr S Franklin, of Panos Eliades, Franklin & Co., of Albany House, 18 Theydon Road, London E5 9NZ, be and he is hereby appointed Liquidator for the purposes of such winding-up.” At a Meeting of the Creditors held later the same day, Mr S Franklin’s appointment as Liquidator was confirmed. C Moss, Chairman