WATERFALL TRANSPORT LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Robson Rhodes, 186 City Road, London EC1V 2NU, on 16th January 1998, the following Resolutions were duly passed, as an Extraordinary Resolution and as Ordinary Resolutions respectively:   “That the Company cannot, by reason of its liabilities, continue its business, and that the Company be wound up voluntarily, and that D. R. Smith and M. J. Hore, of Robson Rhodes, 186 City Road, London EC1V 2NU, be appointed Joint Liquidators of the Company for the purpose of such winding-up, and that the Joint Liquidators act jointly and severally.” D. R. Smith, Chairman