PHOENIX INNS MANAGEMENT LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at 5 Park Court, Pyrford Road, West Byfleet, Surrey KT14 6SD, on 8th May 1998, the following Resolutions were passed, as a Special Resolution, as an Ordinary Resolution and as an Extraordinary Resolution respectively:   “That the Company be wound up voluntarily, that Lynn Gibson, of Gibson Hewitt & Co, 5 Park Court, Pyrford Road, West Byfleet, Surrey KT14 6SD, be and she is hereby appointed Liquidator for the purposes 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.” C. H. B. Redford, Chairman