Vacation Hotels (Properties) Limited (in liquidation) and Vacation Hotels (Te Anau) Limited (in liquidation) (``the companies'') Notice of Appointment of Liquidator Pursuant to Section 229 (2) (a) of the Companies Act 1955 (as amended) Subsequent to the directors resolving that the companies would, on the appointment of a liquidator, be able to pay their debts, Patricia Elizabeth Buchan, accountant of Auckland, was appointed liquidator of the companies by special resolution of the members on the 11th day of October 1995, the date that the liquidations commenced. Notice to Creditors to Claim Pursuant to Liquidation Regulation 12 of the Companies Act 1955 (as amended) Notice is given that as liquidator of the companies, I fix the 30th day of October 1995, as the day on or before which the creditors of the companies are to make their claims, and to establish any priority their claims may have under section 286 of the Companies Act 1955 (as amended), or to be excluded from the benefit of any distribution made before the debts are claimed or, as the case may be, from objecting to the distribution. Dated this 11th day of October 1995. P. E. BUCHAN, Liquidator. Note: The companies are solvent and the liquidations are a result of the restructuring of the affairs of the shareholders. Creditors and Members May Direct Inquiries to: Mrs P. E. Buchan, P.O. Box 37-246, Auckland. Telephone: (09) 377 1909. Facsimile: (09) 308 9406.