STAG FASTENERS LIMITED

At an Extraordinary General Meeting of the above-named Company, convened, and held at Enterprise House, 115 Edmund Street, Birmingham B3 2HJ, on 27th February 1998, at 10.30 a.m., the following Extraordinary Resolution and Ordinary Resolution were passed:   “That it has been proved to the satisfaction of the Meeting that the Company cannot, by reason of its liabilities, continue its business, and that the Company be wound up voluntarily, and that Roy Welsby and Andrew Michael Menzies, of Grant Thornton, Enterprise House, 115 Edmund Street, Birmingham B3 2HJ, be appointed Joint Liquidators of the Company for the purposes of the voluntary winding-up.” P. Campbell, Chairman