FOXTONS PROPERTY LIMITED

(Company Number 4728405) At an Extraordinary General Meeting of the above-named Company, duly convened and held at 105-111 Euston Street, London NW1 2EW, on 18 April 2006, the subjoined Extraordinary Resolution was duly passed: “That it has been proved to the satisfaction of the Meeting that this Company cannot by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly, that Salman Saud, of Saud & Company, 105-111 Euston Street, London NW1 2EW, be and is hereby appointed the Liquidator of the Company for the purpose of such winding-up.” S Maqbool, Chairman