Notice of Appointment of Receiver Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 We, Kim Scott Thompson and Grant Mackintosh, chartered accountants, both of Hamilton, hereby give notice that on the 8th day of December 1994, we were appointed receiver of the whole of the undertaking of the property of Modulair Systems Limited under the powers contained in an instrument of debenture dated the 16th day of June 1992 and registered in the Companies Office on the 22nd day of June 1992. The office address of the receiver is care of the offices of Ernst & Young, WEL Energy House, 711 Victoria Street, Hamilton. Dated at Hamilton this 8th day of December 1994. K. S. THOMPSON and G. MACKINTOSH.