S SMART AND CO. LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Britannia House, Leagrave Road, Luton, Bedfordshire, the following Resolutions were duly 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 Colin Michael Trevethyn Haig and Andrew James Clifford, of Baker Tilly, Iveco Ford House, Station Road, Watford, Hertfordshire, be and they are hereby appointed Joint Liquidators for the purposes of such winding-up, and that the Liquidators will be empowered to act jointly or severally, and that the Liquidators’ costs should be fixed on the basis of the time properly expended by them in the course of their duties, and that they should be authorised to draw fees on a time cost basis per annum plus disbursements and VAT from the Company’s funds held under their control forthwith or at such later date as they feel fit, and that the Joint Liquidators be and are hereby authorised under the provisions of section 165 of the Insolvency Act 1986 to exercise the powers laid down in Schedule 4 Part 1 of the said Act.” E.Smart, Chairman