DFL Limited (in receivership) Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 On the 29th day of July 1998, we, Laurence George Chilcott and Peter Charles Chatfield, were appointed by Rag Treasury Limited, acting under powers conferred by a deed of debenture dated on the 5th day of August 1997, to act jointly and severally as receivers and managers of all the property of the above-named company. Our Office Address is: First Floor, General Building, 27 Shortland Street, Auckland. Dated this 29th day of July 1998. LAURENCE GEORGE CHILCOTT and PETER CHARLES CHATFIELD, Receivers and Managers.