POLAR LOGISTICS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 641 Green Lanes, London N8 0RE, on 30th December 1997, the subjoined Extraordinary Resolution was duly passed:   “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 Ninos Koumettou, of Alexander Lawson & Co., 641 Green Lanes, London N8 0RE,. be and he is hereby appointed Liquidator for the purposes of such winding-up.” B. Jackson