Spectrum Resources Limited Notice of Registration of Order and Minute Pursuant to Section 78 of the Companies Act 1955 Notice is hereby given that on the 15th day of November 1993, Justice Thorp of the High Court of New Zealand made an order confirming the reduction of authorised capital of Spectrum Resources Limited from $25,000,000.00 to $3,000,000.00, the reduction of the issued capital from $9,668,514.00 to $1,160,221.62 and the reduction of the balance of the share premium account from $1,028,548.00 to nil and approved the minute set out below. The said minute is in the following words and figures: ``Following the passing of a special resolution at a general meeting held on 3 November 1993, and the subsequent confirmation of the resolution by the High Court of New Zealand: (a) The issued share capital of the company was reduced from $9,668,514.00 divided into 38 674 054 issued and fully paid ordinary shares of $0.25 each to $1,160,221.62 divided into 38 674 054 issued and fully paid ordinary shares of $0.03 each. (b) The authorised or nominal capital of the company is reduced from $25,000,000.00 divided into: (i) 38 674 054 issued and fully paid ordinary shares of $0.25 each; and (ii) 61 325 946 unissued ordinary shares of $0.25 each; to $3,000,000.00 divided into: (i) 38 674 054 issued and fully paid ordinary shares of $0.03 each; and (ii) 61 325 946 unissued ordinary shares of $0.03 each; and (c) The balance standing to the credit of the share premium account of the company amounting to $1,028,548 be reduced by the sum of $1,028,548 to nil.'' The Court order confirming the above reduction in capital was registered with the Registrar of Companies on 22 November 1993. Dated this 24th day of November 1993. BELL GULLY BUDDLE WEIR, Solicitors for the Company.