ENDELL ESTATES LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at 25 Harley Street, London W1G 9BR, on Friday 16 August 2005, the following Extraordinary Resolution was proposed and duly passed: “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 Bernard Hoffman and Ian Douglas Yerrill, of Suite 1, Kent House, Station Road, Ashford, Kent TN23 1PP, be and are hereby appointed Joint Liquidators of the Company for the purposes of its voluntary winding-up.” At a subsequent Meeting of Creditors, duly convened, and held at 25 Harley Street, London W1G 9BR, on Friday 26 August 2005, at 12.00 noon, the appointment of B Hoffman and I D Yerrill, as Joint Liquidators of the Company was confirmed by the Creditors of the Company. D Maxwell, Chairman