PORTFOLIO ASSETS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Ten George Street, Edinburgh EH2 2DZ, on 26th January 1998, the following Ordinary Resolution was duly passed:   “That the Company be wound up voluntarily in accordance with article 26 of the articles of association of the Company, and that Graham Ritchie and John Charles Jeffrey Readman, of Ernst & Young, Ten George Street, Edinburgh EH2 2DZ, be and they are hereby appointed Joint Liquidators for the purposes of such winding-up, and that any act required or authorised by any enactment to be done by the Liquidators may be done by both or either of the said Joint Liquidators.” G. W. Robb, Chairman