ACTIVE OUTDOOR AND SKI LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Casson Beckman & Partners, Hobson House, 155 Gower Street, London WC1E 6BJ, on 9th June 1998, the following Resolutions were 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 advisable that the same should be wound up, and that the Company be wound up accordingly, and that D. Nisbet and A. Fender, of Casson Beckman & Partners, Bow Chambers, 8 Tib Lane, Manchester M2 4JB, are hereby appointed Joint Liquidators of the Company for the purpose of such winding-up.” A. Hildreth, Chairman