QUADRIGA UK HOLDINGS LIMITED

At an Extraordinary General Meeting of the Members of the above-named Company, duly convened, and held at Spectrum House, 20-26 Cursitor Street, London EC4A 1HY, on 9 May 2003, the following Resolutions were duly passed as a Special Resolution, as an Ordinary Resolution and as an Extraordinary Resolution respectively: “That the Company be wound up voluntarily, that Peter John Robertson Souster and Bruce Alexander Mackay of Baker Tilly, Spectrum House, 20-26 Cursitor Street, London EC4A 1HY, be and are hereby appointed Joint Liquidators for the purposes of such winding-up, and that the Liquidators be and are hereby authorised under the provisions of section 165 of the Insolvency Act 1986 to exercise the powers laid down in Schedule 4, Part 1 of the said Act, and that in accordance with the provisions of the Company’s articles of association the Liquidators be and are hereby authorised to divide and distribute among the Members as appropriate, in specie or in kind, the whole or any part of the assets of the Company and to determine how such a division and distribution shall be carried out as between the Members.” S Mukhtar, Chairman—for and on behalf of the Directors