GEMINI SHIPPING LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at 14-01 Wisma Atria, 435 Orchard Road, Singapore 238877, on 16th June 1998, at 11.15 a.m., the following Resolutions were duly passed, as a Special Resolution, an Ordinary Resolution and as an Extraordinary Resolution respectively:   “That the Company be wound up voluntarily, and that Nicholas John Miller, of Kingston Smith & Partners, Devonshire House, 60 Goswell Road, London EC1M 7AD, be and is hereby appointed Liquidator for the purposes of such a winding-up, that the Liquidator be empowered at his discretion, to distribute in specie assets of the Company, if appropriate, that the Liquidator be empowered to exercise those powers set out in Schedule 4, Part 1 of the Insolvency Act 1986, and that, upon completion of the liquidation, the Liquidator be authorised to dispose of the books and records 12 months after the dissolution of the Company.” M. J. Medjeral, Chairman