Sub 4 NZ Limited Notice of Appointment of Receivers and Managers Pursuant to Section 346 (1) of the Companies Act 1955 The ANZ Banking Group (New Zealand) Limited, with reference to Sub 4 NZ Limited, hereby gives notice that on the 15th day of March 1994, the bank appointed Rowan John Chapman and Geoffrey Donald Campbell Walker, chartered accountants of Gosling Chapman, 63 Albert Street, Auckland, jointly and severally as receivers and managers of the property of this company under the powers contained in an instrument dated the 28th day of March 1991. The receivers and managers have been appointed in respect of all the company's undertaking and all its real and personal property and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. Dated this 18th day of March 1994.