Quality Joinery Limited Notice of Appointment of Receivers and Managers Pursuant to Section 346 of the Companies Act 1955 Presented by: Price Waterhouse, Chartered Accountants, Wellington. Titter Construction Co Limited (in receivership), pursuant to a mortgage debenture in its favour bearing the date 3 February 1992, hereby give notice that on the 14th day of February 1994, it appointed Gary Traveller and David Muir Gray as joint receivers and managers of Quality Joinery Limited's property. The offices of the receivers and managers are care of Price Waterhouse, Chartered Accountants, P.O. Box 766, Wellington. The property in respect of which the receivers and managers have been appointed, is all of Quality Joinery Limited's undertakings, property and assets, including uncalled capital, wheresoever situated. Dated this 14th day of February 1994. Signed for and on behalf of Titter Construction Co Limited (in receivership) in the presence of: D. M. GRAY and G. TRAVELLER, Receivers and Managers.