Corsair Timber Products Limited Notice of Appointment of Receivers Pursuant to Section 8 of the Receiverships Act 1993 Notice is hereby given that Bruce McCallum and David Ross Petterson, chartered accountants of Wellington, were appointed as receivers and managers of the property of Corsair Timber Products Limited on the 24th day of May 1995, under the powers contained in a mortgage debenture, dated the 26th day of August 1992. The receivers have been appointed in respect of all the company's undertaking and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. The offices of the receivers and managers are McCallum Petterson & Co., Chartered Accountants, Level Eight, City Tower, 95 Customhouse Quay (P.O. Box 3156), Wellington. Telephone: (04) 499 7796. Facsimile: (04) 499 7784. Dated this 25th day of May 1995.