INCOME & GROWTH SECURITIES PLC

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at One Bow Churchyard, London EC4M 9HH, on 31 March 2006, the following Special Resolutions were passed: “That the Company be wound up voluntarily under the provisions of the Insolvency Act 1986, and that Blair Carnegie Nimmo and Jeremy Simon Spratt, both of KPMG LLP, having consented to act, be and are hereby appointed Joint Liquidators for the purpose of such winding-up with the powers to act jointly and severally for the purposes of such winding-up of the Company’s affairs and distributing its assets and any power conferred on them by law or by this Resolution, and any act required or authorised under any enactment to be done by them, may be done by them jointly or by each of them alone.” D G F Thompson, Chairman