Bay Coachlines Limited Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) (a) of the Receiverships Act 1993 Notice is hereby given that on 12 September 1995, Thomas Haines Wilson and Barrie Miles Owen, chartered accountants of Tauranga, were appointed to be receivers and managers of all the undertaking, property and assets of Bay Coachlines Limited (``the company'') under provisions of a debenture dated 3 August 1993, granted by the company. The offices of the receivers are at KPMG Peat Marwick, Chartered Accountants, NZI Building, 35 Grey Street, Tauranga. Dated this 12th day of September 1995. BARRIE MILES OWEN and THOMAS HAINES WILSON, Joint Receivers and Managers.