Appointment of Receivers and Managers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 We, Michael Peter Stiassny and Grant Robert Graham, hereby give notice that on 16 December 1994 we were appointed joint and several receivers and managers of Modon Associates Limited, pursuant to a debenture dated 18 June 1992. Short Description of Property Charged Under the Debenture: All assets and undertakings of the company. The office of the receivers is at Ferrier Hodgson, Sixteeth Floor, Southpace Tower, 45 Queen Street, Auckland. G. R. GRAHAM, and M. P. STIASSNY.