Untitled - David Kronemyer

(ii) the allotment (otherwise than pursuant to sub-paragraph (i) above) of equity
securities up to an aggregate nominal amount of f3,458,033;
and shall expire at the conclusion of the Annual General Meeting of the Company to be held
in 1989 unless such power is renewed prior to such time, save that the Company may before
such expiry make an offer or agreement which would or might require equity securities to be
allotted after such expiry and rhe Directors may allot equity securities in pursuance of such
offer or agreement notwithstanding that this power has expired.
?. To consider and, ifthought {it, to pass the following Resolution, which will be proposed
as a Special Resolution:
SPECIAI, RESOLUTION
THAT, subject to and conditionally upon the passing of the lixtraordinary Resolutions
Numbered I set out in the Notices dated l8 July, l9BB convening Meetings of, respectively,
the holders ofthe ll.5 per cent- Cumulative Preference Shares ofSl each in the capital of
the Company and the holders of the ? per cent. Convedible Redeemable Second Cumulative
Preference Shares 19)219 of Sl each in its capital and subject to the requisitc consent
being forthcoming from holders of the Warrants to subscribe for Ordinary Shares of25p each
in its capital foming part of the issue of 774 per cent. Bc,nds due 1992 constituted by
Instrument by way of Deed Poll dated l4 January, l9B7 and pursuant to and in exercise of the
power contained in Article I I of the Aticles of Association o{ the Company, the C