TRUST OF PROPERTY SHARES PUBLIC LIMITED COMPANY

Extract from the minutes of an Extraordinary General Meeting of Trust of Property Shares Public Limited Company held at 77 South Audley Street, London, on 27 March 2006, at 11.00 am, the following Special Resolution was passed: “That the Company be wound up voluntarily, that Jeremy Simon Spratt and Finbarr Thomas O’Connell, (the “Liquidators”) of KPMG LLP, 8 Salisbury Square, London EC4Y 8BB, be and are hereby appointed as Liquidators for the purpose of such winding-up, with powers to act jointly and severally for the purpose of such winding-up and any power conferred on them by law, by the Articles of Association of the Company or by Resolution may be exercised by them, and any act required or authorised under any enactment to be done by them, may be done by them, and the remuneration of the Liquidators be fixed on the basis of time spent by them and members of their staff in attending to matters arising prior to and during the winding-up of the Company.” E N Goodman, Chairman