HAVEN GREEN COURT LTD

MINUTES OF THE ANNUAL GENERAL MEETING OF THE COMPANY HELD AT THE HAVEN GREEN BAPTIST CHURCH HALL

AT 7-30.PM ON OCTOBER 20 2003

Present Mr L B Rosenbaum Chairman

Mr G Medazoumian Director and Secretary

Mr M Engineer Director

Mr Hazlehurst Director

Mrs Pangalos Director

and 38 ordinary members of the company

In attendance David Pearse , Estate Manager

It was proposed and seconded that the ANNUAL SERVICE CHARGE ACCOUNTS

for the financial year 2002/2003 together with the report of the

accountants be approved. Accepted by a show of hands with no opposition

It was proposed and seconded that the ANNUAL STATUTORY ACCOUNTS for

the financial year 2002/2003 together with the report of the directors

be approved. Accepted by a show of hands with no opposition

3 It was agreed that no dividend would be paid for the year 2002/2003

. Mrs Pangalos and Mr Marcopoli, directors retiring by rotation, having expressed

their willingness to continue as directors were re-elected

Mr Rhodes was proposed and seconded and duly elected as a director

.

5. It was agreed that the Directors should appoint the auditors of the company

to serve until the end of the following Annual General Meeting and the directors

be authorised to fix their remuneration. It was pointed out that a new reporting

accountant had been appointed for the accounts 2002/2003.

6 The Chairman then made a statement re the activities of the Company.

Questions were taken and the meeting closed. The major items discussed

were carpet renewal and redecoration (a display will be placed in Block 4 for

comments) and Lease extensions with particular debate re the exclusion of

the garages/parking spaces from the Chairman's proposals.( Related to this

issue were the restrictions, if any, concerning the assignments of these leases.)

The Board will further consider this matter