COWARD HOLDINGS PLC

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Duchess House, 83 Duchess Drive, Newmarket, Suffolk CB8 8AJ, on 3 February 2005, the following Resolutions were duly passed, as a Special Resolution and as an Ordinary Resolution respectively: “That the Company be wound up voluntarily, and that Jeremy Stuart French, of Vantis Redhead French Limited, 43-45 Butts Green Road, Hornchurch, Essex RM11 2JX, be and is hereby appointed Liquidator for the purpose of such winding-up.” V R Coward, Chairman