PINEHURST PARK LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at Level 2 New Uberior House, 11 Earl Grey Street, Edinburgh, on 30 October 2003, at 12.00 noon, the following Resolutions were considered and passed as a Special Resolution as Ordinary Resolutions and as an Extraordinary Resolution respectively: “That the Company be wound up voluntarily, and that F J Gray, of Kroll Limited, Afton House, 26 West Nile Street, Glasgow, be and he is hereby appointed Liquidator of the Company for the purpose of such winding-up, that the remuneration of the Liquidator be fixed on the basis of time and expenses properly incurred by him and his staff in attending matters arising in connection with the winding-up and that they be entitled to draw such remuneration periodically at his discretion. That the Liquidator may divide amongst the Members of the Company in specie the whole or any part of the assets of the Company and may, for that purpose, value any assets and determine how the division shall be carried out between the Members and that the Liquidator be authorised to destroy any of the Company’s records in his possession 15 months after the date of his release.” There being no other business the Meeting was closed. D Middleton, Chairman