TABLE A - REGULATIONS 77/79

APPOINTMENT OF COMMITTEE

1. Subject - Appointment of Committee.

2. Passing Authority - Board of Directors.

3. Nature of the Resolution - Resolution with simple majority.

4. Specimen Resolution(s):

"That Messers. A and B be and is hereby appointed as a Committee for the purpose of transfer/transmission and that the following powers be and are hereby delegated to them to be exercised by them subject to the superintendence, control and direction of the Board--

i) power to approve transfers/transmission and all matters incidental there to.

ii) power to approve issue of new shares-certificates.

5. Guidelines:

1) The Company's Articles must contain a power to appoint Committees.

2) A Committee may consist of one director only.

3) It should be noted that certain powers cannot be delegated and must be exercised at a meeting of the Board e.g. to power to make calls of to issue debentures. (Section 292).

6. Filing: Not applicable.