PENNYWISE ASSET MANAGEMENT LIMITED

(t/a Culpa Legal Services) (Company Number 05194894) At an Extraordinary General Meeting of the above-named Company, duly convened, and held at the offices of Tenon Recovery, on 10 January 2007, 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 Christopher Ratten, of Tenon Recovery, Arkwright House, Parsonage Gardens, Manchester M3 2LF, be and is hereby appointed Liquidator for the purposes of such winding-up.” At a subsequent Meeting of Creditors, duly convened, pursuant to section 98 of the Insolvency Act 1986, and held on the same day, the appointment of Christopher Ratten was confirmed. J Y Donovan, Chairman