Banks Group Limited, Banks Shoe Co Limited, Christies International Investments Limited, Clapham and Coulter Limited and Management Services BSP Limited Notice of Proposed Amalgamation of Companies Pursuant to Section 221 (4) of the Companies Act 1993 Notice is hereby given that the board of directors of Banks Group Limited together with the board of directors of Banks Shoe Co Limited, Christies International Investments Limited, Clapham and Coulter Limited and Management Services BSP Limited (being the amalgamating companies), have resolved to amalgamate with Banks Group Limited, which shall become the amalgamated (continuing) company. Further all rights, obligations and liabilities owing by or to the amalgamating companies will upon amalgamation be transferred to the amalgamated company. The date of the proposed amalgamation is the 31st day of March 1999, being not less than 20 working days from the date of this notice. Copies of the amalgamation proposal are available for inspection during normal business hours by any shareholder or creditor of an amalgamating company or any person to whom an amalgamating company is under an obligation at the registered offices of the amalgamating companies, situated at Deloitte Touche Tohmatsu, Deloitte House, 61 Molesworth Street, Wellington. Any shareholder or creditor of an amalgamating company or any person to whom an amalgamating company is under an obligation is entitled to be supplied free of charge with a copy of the amalgamation proposal upon request to an amalgamating company. BOARDS OF DIRECTORS OF THE COMPANIES.