MULTISTAR DEVELOPMENTS LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at Casson Beckman & Partners, 3 Dyers Buildings, Holborn, London EC1N 2JT, on 17th March 1999, 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 this Meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and accordingly that the Company be wound up voluntarily, and that David Nisbet, of Casson Beckman & Partners, 3 Dyers Buildings, Holborn, London EC1N 2JT, be and he is hereby appointed Liquidator of the Company, empowered to act for the purposes of such winding-up.” S. Adams, Chairman