Ronald Stephenson & Associates Limited Notice of Appointment of Liquidator The Companies Act 1993 Notice is hereby given that on the 10th day of November 1997, it was resolved by special resolution of shareholders, pursuant to section 241 (2) (a) of the Companies Act 1993, that Ronald Stephenson & Associates Limited be liquidated and that Robert Vaughan Williams, chartered accountant of Hamilton, be appointed liquidator for that purpose. Note: The directors of the company have signed a resolution under section 243 (8) of the Companies Act 1993, stating that the company is solvent. The liquidation is the result of a restructuring within a group of companies. The Contact Address is: R. Vaughan Williams, Chartered Accountants, P.O. Box 9248, Hamilton (Attention: Gene Herder). Telephone: (07) 834 0622.