EUROPEAN GRAND COMPOSITES LIMITED

At an Extraordinary General Meeting of the Members above-named Company, duly convened, and held at the offices of Deloitte & Touche, PO Box 500, 201 Deansgate, Manchester M60 2AT, on 17th July 1998, the following Special Resolution was passed:   “That the Company be wound up voluntarily, and that John Wilson, of Deloitte & Touche, PO Box 500, 201 Deansgate, Manchester M60 2AT, be and he is hereby appointed Liquidator of the Company.” K. Takahashi, Director