Bisset Engineering N.Z. Limited Notice of Appointment of Receiver and Manager Pursuant to Section 8 of the Receiverships Act 1993 Westpac Banking Corporation, a duly incorporated company, on the 25th day of August 1998, appointed Peter William Young of Christchurch and Kerry Thomas Stotter of Auckland, both chartered accountants, as receivers and managers of the property of Bisset Engineering N.Z. Limited, under the powers contained in a debenture dated the 5th day of April 1993, which property consists of all freehold and leasehold land, fixed plant and machinery, patents, trade names, unpaid and uncalled capital and goodwill and all other assets. The Receivers' Office Address is: KPMG, Sixteenth Floor, 78 Worcester Street, Christchurch. The Receivers' Postal Address is: KPMG, P.O. Box 274, Christchurch. Dated this 28th day of August 1998. PETER W. YOUNG, Joint Receiver and Manager.