ENDURANCE LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Unit 4, Crewe Hall Business Park, Weston Road, Crewe, Cheshire CW1 6UA, on 25th March 1998, the following Extraordinary Resolution was duly passed:   That it has been proved to the satisfaction of the Company that this Company cannot, by reason of its liabilities, continue its business, and that it is desirable that the same should be wound up, and that the Company be wound up accordingly, and that Philip Barrington Wood, of Barringtons, Richmond House, 570-572 Etruria Road, Basford, Newcastle, Staffordshire ST5 0SU, be and is hereby appointed the Liquidator of the Company for the purposes of such winding-up.” G. Fear, Chairman