HMC MORTGAGE ASSETS 101 LIMITED

HMC MORTGAGE ASSETS 102 LIMITED

HMC MORTGAGE NOTES 10 LIMITED

HMC MORTGAGE NOTES 103 LIMITED

HMC MORTGAGE NOTES 11 LIMITED

HMC MORTGAGE NOTES 4 LIMITED

HMC MORTGAGE NOTES 5 LIMITED

HMC MORTGAGE NOTES 7 LIMITED

HMC SECURITIES LIMITED

HMC MORTGAGE NOTES 12 LIMITED

We, the undersigned, being the sole Member of the above Companies for the time being having a right to attend and vote at General Meetings, hereby pass the following Resolutions in accordance with section 381A of the Companies Act 1985, as inserted by section 113 of the Companies Act 1989, as a Special Resolution and as an Ordinary Resolution respectively: “That the Companies be wound up voluntarily, and that J R D Smith and N J Dargan, of Athene Place, 66 Shoe Lane, London EC4A 3WA, be and are hereby appointed Joint Liquidators of the Companies.” For and on behalf of First National Corporate Director Limited, First National Group Limited. 10 December 2004.