FLUFFY FABRICS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 6 Oliver Place, Anakiwa, RD1 Picton, New Zealand, on 15th December 1997, the following Resolutions were 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 Michael Blake, of KPMG, 1 Forest Gate, Brighton Road, Crawley, West Sussex RH11 9PT, be and is hereby appointed Liquidator for the purpose of such winding-up.” G. M. Theaker, Director 15th December 1997.