PCO 187 PLC

The following Special and Extraordinary Resolutions have been passed with the unanimous consent of all the Shareholders of the Company, on 20th January 1998, respectively:   “That the Company be wound up voluntarily and that William Antony Batty (the Liquidator) of Antony Batty & Co., 62 Queen Anne Street, London W1M 9LA, be and he is hereby appointed Liquidator for the purpose of such winding-up, and that the Liquidator will be entitled to remuneration in the sum of £1,250 (exclusive of VAT and disbursements), and that the Liquidator be and he is hereby authorised in accordance with the Company’s articles of association, to divide among the Members in specie all or any part of the Company’s assets; and under the provisions of section 165(2) of the Insolvency Act 1986, to exercise the powers in Schedule 4 of that Act.” W. A. Batty, Liquidator