A.A. PAPER COMPANY LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at Stephen Conn & Co., 2nd Floor, 17 St. Ann’s Square, Manchester M2 7PW, on Wednesday, 18th February 1998, the following Extraordinary Resolution was 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 that the Company be wound up voluntarily, and that Stephen L. Conn, of Stephen Conn & Co., 17 St. Ann’s Square, Manchester, be and is hereby appointed Liquidator for the purpose of such winding-up.”   At a Meeting of Creditors of the Company, duly convened, and held at the Ramada Hotel, Blackfriars Street, Manchester, on 18th February 1998, the following Resolution was duly passed, that the Voluntary Liquidation be confirmed with the appointment of Jonathan R. Booth, 44 Old Hall Street, Liverpool L3 9EB, and Malcolm E. Cork, 1 Snow Hill, London EC1A 2EN, as Joint Liquidators for the purposes of such winding-up. L. Carter, Chairman