OAKLAND HOTEL LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at Square Root Business Centre, 102 Windmill Road, Croydon, Surrey CR0 2XQ, on 15 January 2004, the following Resolutions were duly 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 accordingly that the Company be wound up voluntarily, and that Jeremy C Frost and Andrew W Thompson, of The Thompson Partnership, Square Root Business Centre, 102 Windmill Road, Croydon, Surrey CR0 2XQ, be and they are hereby appointed Joint Liquidators for the purposes of such winding-up.” At a subsequent Meeting of Creditors, held at the same venue and on the same date, the above Resolutions were ratified by the Creditors. S Molyneux, Director