NOVARC LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 195 Banbury Road, Oxford OX2 7AR, on 9 February 2005, 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 Clive Everitt of Shaw & Company, 195 Banbury Road, Oxford OX2 7AR, an Insolvency Practitioner, duly qualified under the Insolvency Act 1986, be and is hereby appointed the Liquidator of the Company for the purpose of such winding-up.” P Grant