ORANDA LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at 23 Turnpike Lane, London N8 0EP, on Monday, 29th December 1997, 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 Eshref Arkin, of 23 Turnpike Lane, London N8 0EP, be and is hereby appointed Liquidator for the purposes of such winding-up.”   At a subsequent Meeting of the Creditors held on 29th December 1997, the Creditors confirmed the appointment of Eshref Arkin. A. Silfikir, Chairman