Notice of Meeting of Creditors Section 243 of the Companies Act 1993 (Section 213 of the Companies Act 1955) On the 19th day of September 1995, it was resolved by special resolution, pursuant to section 241 of the Companies Act 1993 (section 211 of the Companies Act 1955), that Smooth Walls Central Limited be liquidated and that Lindsay Lamont McLachlan and Matthew David Taylor, chartered accountants, both of Dunedin, be appointed as joint liquidators. Notice is given that a meeting of creditors will be held by way of an assembly of creditors in the boardroom of the offices of Taylor McLachlan at 44 York Place, Dunedin on the 5th day of October 1995, commencing at 9.30 a.m. Business: The business to be transacted at the meeting is: (i) Consideration whether to appoint other liquidators in place of the present liquidators. (ii) Consideration of a statement of the position of the company's affairs and list of creditors. (iii) Consideration whether to pass resolutions setting out views of creditors relating to the liquidation. (iv) Consideration of appointment of a liquidation committee, and if so, appoint members of that committee. The following resolutions will be submitted to the meeting: Resolution A: That Lindsay Lamont McLachlan and Matthew David Taylor continue as joint liquidators of the company. Resolution B: That a liquidation committee be appointed (this committee to consist of persons elected by the creditors at the meeting). Any other resolution relating to the business of the meeting as may properly be put to the meeting. Creditors may exercise their right to vote by being present in person, or by appointing a proxy by postal vote. A body corporate may appoint a representative to attend on its behalf without the need for a proxy. Proxies: A proxy may be appointed by completing a proxy form. To be effective, the proxy must be received by the liquidator not later than 5.00 p.m. on the 4th day of October 1995. Entitlement to Vote: A person shall not be entitled to vote as a creditor unless, by the time the vote is taken, the creditor has made a claim and either: (a) The liquidator has admitted the claim wholly or in part either for payment or for voting purposes; or (b) The chairperson allows the person to vote in accordance with regulation 20 of the relevant Liquidation Regulations 1994. Postal Votes: Any creditor may cast a postal vote on all of the matters to be voted on by sending a completed voting paper to the person named below as my authorised representative who is the person authorised to receive and count the postal votes. The attached voting paper should be used and must reach that person not later than 24 hours before the start of the meeting. Address for return of postal votes is 44 York Place, Dunedin (P.O. Box 188, Dunedin). Dated this 25th day of September 1995. L. L. McLACHLAN, Joint Liquidator. M. D. TAYLOR, Joint Liquidator.