New Zealand Timber Processors Limited (in receivership) (``the company'') No. AK. 358985 Notice of Appointment of Receivers Pursuant to Section 8 (1) of the Receiverships Act 1993 Richard Dale Agnew and David Bryden Davidson, chartered accountants of Auckland, were appointed receivers of the company on the 4th day of September 1998, under the terms of a debenture giving a fixed and floating charge over the whole of the assets of the company. The property in receivership is all of the company's undertaking, property and assets. The Receivers Office Address is: PricewaterhouseCoopers, Level Twenty-nine, Coopers & Lybrand Tower, 2329 Albert Street (Private Bag 92-162), Auckland. Dated this 4th day of August 1998. R. D. AGNEW and D. B. DAVIDSON.