Hallco Corporation Limited Certificate of Registration of Court Order Confirming Minute of Reduction I, Lee Raewyn Shrubb, Assistant Registrar of Companies, hereby certify that the Court order dated the 22nd day of June 1994, and minute of reduction as set out below, was registered on the 27th day of June 1994: ``The authorised, issued and fully paid up capital of $2,001,164.50 divided into 4 002 329 ordinary shares of fifty (50) cents each be reduced by $1,075,984.50 to $925,180.00 divided into 1 850 360 ordinary shares of fifty (50) cents each by the cancellation of: (a) 907 107 shares in the name of C. J. Hall (b) 907 108 shares in the name of the estate of W. J. Hall (c) 296 263 shares in the name of JR Fletcher Limited (d) 20 745 shares in the names of J. Godden and R. P. Darvell (jointly) (e) 20 746 shares in the names of N. L. Godden and R. P. Darvell (jointly) being 2 151 969 ordinary fifty (50) cent shares cancelled in total being a reduction of $1,075,984.50 which capital is in excess of the needs of the company.'' Given under my hand and the seal of the District Registrar of Companies at Auckland this 27th day of June 1994. L. R. SHRUBB, Assistant Registrar of Companies.