GRAFTON STREET PROPERTIES LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at the offices of Weston Kay, 73-75 Mortimer Street, London W1N 7TB, on 1st May 1998, the following Resolutions were duly passed, as an Extraordinary Resolution and as a Special Resolution respectively:   That the Company be wound up voluntarily and that J. H. L. Weston, of Weston Kay, 73-75 Mortimer Street, London W1N 7TB, be and he is hereby appointed Liquidator for the purpose of such winding-up and that, in accordance with the provisions of the Company’s articles of association, the Liquidator be and is hereby authorised to divide among the Members in specie all or any part of the Company’s assets.” T. D. Spiro, Director