CORONET CEILINGS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 5 Burrow Street, South Shields, Tyne and Wear NE33 1PP, on 12th December 1997, the following Resolutions were duly passed, as an Extraordinary Resolution and as an Ordinary Resolution respectively:   “That it has been proven to the satisfaction of the Meeting that the 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 David Nisbet and Paul J. Clark, of Casson Beckman & Partners, Hobson House, 155 Gower Street, London EC1E 6BJ, be and are hereby appointed Joint Liquidators of the Company, empowered to act jointly and severally for the purposes of such winding-up.” J. McDermott, Chairman