Palmers Garden Centres Limited Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 John Stewart Drage, whose office is at KPMG Centre, 135 Victoria Street, Wellington, and Kerry Thomas Stotter, whose office is at KPMG Centre, 9 Princes Street, Auckland, of KPMG, chartered accountants, hereby give notice that on the 22nd day of January 1998, they were appointed as receivers and managers of the property of Palmers Garden Centres Limited under the powers contained in a debenture dated the 21st day of February 1996, which property consists of certain of the freehold and leasehold land, fixed plant and machinery, patents, trade names, unpaid and uncalled capital and goodwill and all other assets. Dated this 22nd day of January 1998. Signed by: JOHN S. DRAGE, Joint Receiver and Manager.