REFLECTO LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Maclaren House, Skerne Road, Driffield, East Yorkshire YO25 6PN, on 14 April 2004, 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, accordingly, that the Company be wound up voluntarily, and that Andrew James Nichols, of Redman Nichols, be and is hereby appointed as Liquidator of the Company for the purpose of the voluntary winding-up.” At a Meeting of Creditors held on 14 April 2004 the Creditors confirmed the appointment of Andrew James Nichols as Liquidator. W Findlay, Chairman