Notice of Confirming Reduction of Capital M. No. 1914/93 In the High Court of New Zealand, Auckland Registry In the matter of section 76 of the Companies Act 1955, and American Luggage Holdings Limited, at Auckland. On the 25th day of March 1994, before the Honourable Mr Justice Tompkins, upon reading ex parte notice of application for order confirming reduction of capital, approval of minute and publication of the registration of the order and approved minute and the statement of claim and the affidavit of Russell Lindsay Charles Fisk and the memorandum of counsel filed herein, the Court hereby orders: 1. That the reduction of paid up capital approved by a special resolution of the company on the 22nd day of October 1993, be confirmed. 2. That the following minute showing the amount of capital of the company be approved: ``The 100 000 ordinary shares in the capital of American Luggage Holdings Limited of $1.00 each fully paid up was reduced to 1000 shares of $1.00 each fully paid up and for each share so reduced $1.00 has been paid to the holder thereof.'' 3. That notice of the registration of the order confirming reduction and the approved minute be published once in the New Zealand Gazette, pursuant to section 78 (3) of the Companies Act 1955. By the Court. Sealed this 20th day of April 1994. G. SONDEREGGER, Deputy Registrar.