INDEPENDENT TRANSFER SERVICES LIMITED

At an Extraordinary General Meeting of the above-named Company, duly convened, and held at the Express by Holiday Inn, Birmingham Road, Great Barr B43 7AG, on Thursday 6 November 2003, 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 the Meeting approve the appointment of Eileen Sale as Liquidator of the Company for the purpose of such winding-up.” At a subsequent Meeting of Creditors, duly convened pursuant to section 98 of the Insolvency Act 1986, and also held on Thursday 6 November 2003, the appointment of Tony Mitchell was confirmed. S C Burgess, Chairman