MERCHANTS DESIGN MANUFACTURING LIMITED

At an Extraordinary General Meeting of the above-named Company convened and held at Unit 1, Treowain Industrial Estate, Forge Road, Machynlleth, Powys SY20 8EG, on 30th January 1998, at 11 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 the Meeting that the Company cannot, by reason of its liabilities, continue its business, and that the Company be wound up voluntarily, and that David Thomas of Grant Thornton, 11-13 Penhill Road, Cardiff CF1 9UP, be appointed Liquidator of the Company for the purpose of the voluntary winding-up.” M. D. Davies, Chairman