Advanced Earthworks Limited (in receivership) Notice of Appointment of Receiver Pursuant to Section 6 (1) of the Receiverships Act 1993 Presented by: Ken Howard & Associates, P.O. Box 1505, Paraparaumu Beach. We, the National Bank of New Zealand Limited, being the holder of a debenture in our favour, dated the 14th day of November 1989, hereby give notice that we have appointed Kenneth Athol Howard, Insolvency Consultant, Ken Howard & Associates, 188 Kapiti Road, Paraparaumu, to be receiver and manager of the property of the company under the powers contained in the said debenture. The receiver and manager have been appointed in respect of all the company's undertaking and all its real and personal property and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. Dated this 18th day of May 1995. Signed by the National Bank of New Zealand Limited, by Brian David Jackson, Senior Manager, Wellington, in the presence of: GAVIN RICKETT, Bank Officer. Wellington.