STELLA MARIS TRUST

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at the offices of Grant Thornton, Cobourg House, Mayflower Street, Plymouth PL1 1LG, on 28th July 1998, 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 the Meeting that the Company cannot, by reason of its liabilities, continue its business, and that the Company be wound up voluntarily, and that Duncan Kenric Swift, of Grant Thornton, Cobourg House, Mayflower Street, Plymouth PL1 1LG, be appointed Liquidator of the Company for the purpose of the voluntary winding-up.” M. Fishleigh, Chairman