GLOBAL PHONE LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 66 Wigmore Street, London W1H 0HQ, on Tuesday, 10th February 1998, at 10.30 a.m., 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 accordingly that the Company be wound up voluntarily, and that Paul Shipperlee, of Levy Gee, 100 a Chalk Farm Road, London NW1 8EJ, be and he is hereby appointed Liquidator for the purposes of such winding-up.”   At a subsequent Meeting of the Creditors of the Company held later on the same day and at the same place, the above-mentioned Resolution was confirmed. P. Brennand, Chairman