Clyde Industries Limited Notice of Cessation of Business in New Zealand Pursuant to Section 405 of the Companies Act 1955 Clyde Industries Limited, a company duly incorporated in Australia, hereby gives notice, pursuant to section 405 (2) of the Companies Act 1955, of its intention to cease to have a place of business in New Zealand after the expiration of 3 months from the 26th day of May 1994. Dated this 23rd day of May 1994. CHAPMAN TRIPP SHEFFIELD YOUNG, Solicitors for the Company.