VENTUREQUEST PLC

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 2 Upperton Gardens, Eastbourne, East Sussex, on 8th May 1998, the following Resolutions were duly passed, as a Special Resolution, as Extraordinary Resolutions and as Ordinary Resolutions respectively:   That the Company be wound up voluntarily and that Kenneth Morton Bradshaw, of Bradshaws, 2 Upperton Gardens, Eastbourne, East Sussex BN21 2AH, be and hereby is appointed Liquidator of the Company, and that the Liquidator be empowered to distribute assets in specie to the shareholders if so desired and agreed, in accordance with Article 117 of Table A, and that the Liquidator’s fees be approved on the basis of time spent by himself and his staff at rates up to £100 per hour, and that he be authorised to draw his fees on this basis as and when appropriate and that the Liquidator be empowered to exercise the powers detailed in Part I of Schedule 4 to the Insolvency Act 1986 at his discretion. P. R. Hill, Chairman