TWINTARGET ASSOCIATES LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at Bonnington Hotel, 92 Southampton Row, London WC1B 4BH, on 8th June 1998, 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 that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that A. J. Clark, of Carter Clark and R. G. Butcher, of Moore Stephens Booth White, be and are hereby appointed as Joint Liquidators for the purposes of such winding-up”. R. Murray, Chairman