LOGO WATCHES (U.K.) LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at Leonard Curtis & Co., PO Box 553, 30 Eastbourne Terrace, 2nd Floor, London W2 6LF, on 19th January 1998, the following Extraordinary Resolutions were duly passed:   “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 K. D. Goodman, of Leonard Curtis & Co., PO Box 553, 30 Eastbourne Terrace, 2nd Floor, London W2 6LF, be and is hereby appointed the Liquidator of the Company for the purposes of such winding-up.”   At the subsequent Meeting of Creditors held at the same place on the same day, the voluntary Liquidation was confirmed, with the appointment of K. D. Goodman, of Leonard Curtis & Co., PO Box 553, 30 Eastbourne Terrace, 2nd Floor, London W2 6LF, as Liquidator. P. Sammut, Director