MAGNUM LEISURE LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Falcon Court, Wonastow, Monmouth NP5 4DW, on 2nd March 1998, the following Resolutions were passed as an Extraordinary Resolution and as an Ordinary Resolution respectively:   “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 Peter Richard Dewey, of KTS Dewey, be and is hereby appointed Liquidator of the Company.” A. Andrews, Chairman