North West Seafoods Limited (``the company'') Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) of the Receiverships Act 1993 Alan Raymond Isaac and David Anthony Ward, chartered accountants, both of Wellington, whose office address is: Care of KPMG Peat Marwick, Chartered Accountants, Peat Marwick House, 135 Victoria Street (P.O. Box 996), Wellington, hereby give notice that on 22 November 1995, the debenture holder under a deed of debenture dated 12 November 1993, from the company (``the debenture''), at the request of the directors of the company, appointed them jointly and severally as receivers and managers of all of 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, as charged by the debenture. Dated this 23rd day of November 1995. Signed for and on behalf of Alan Raymond Isaac and David Anthony Ward, by their solicitor and duly authorised agent: STEPHEN BARRIE FLYNN.