PENDRY LITHO LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at The Imperial Hotel, First Avenue, Hove, East Sussex BN3 2GU, on 24th March 1998, at 10 a.m., the subjoined 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 accordingly that the Company be wound up voluntarily, and that Ranjit Bajjon and Nicholas R. Hood, of Begbies Traynor, 1 Liverpool Terrace, Worthing, West Sussex BN11 1TA, be and are hereby appointed Joint Liquidators for the purposes of such winding-up. The Joint Liquidators are to act jointly and severally.”   At a subsequent Meeting of Creditors, duly convened, pursuant to section 98 of the Insolvency Act 1986, and held on the same day, the appointment of Ranjit Bajjon and Nicholas Hood was confirmed. J. Pendry, Chairman