STRATEGIC HOTEL CAPITAL EUROPE ASSET MANAGEMENT LIMITED

At an Extraordinary General Meeting of the above-named Company, convened and held at 77 West Wacker Drive, Suite 4600, Chicago, Illinois, IL60601, USA, on 30 September 2004, at 10.45 am, 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, and that Gary Peter Squires and Nigel Heath Sinclair of Kroll, 10 Fleet Place, London EC4M 7RB, be appointed Joint Liquidators for the purposes of the voluntary winding-up, and that the Joint Liquidators be authorised to act jointly and severally in the liquidation, and that the Joint Liquidators’ remuneration shall be fixed according to their time costs. These fees are to be paid at the Joint Liquidators’ discretion, as and when funds are available, and that the Joint Liquidators be authorised to divide among the members of the Company in specie part or the whole of the assets of the Company and may, for that purpose, value any assets and determine how the division between members should be carried out.” L Geller, Director