Notice of Resolution for Voluntary Liquidation In the matter of the Companies Act 1955, and in the matter of Ray Thurston Limited (in liquidation): Notice is hereby given that, pursuant to section 211 (2) (a) of the Companies Act 1955, David Donald Crichton and Trevor Francis Thornton, chartered accountants of Grant Thornton, Christchurch, were appointed liquidators of Ray Thurston Limited (in liquidation). The liquidation commenced on the 20th day of May 1996. Inquiries May be Directed by a Creditor or Shareholder of the Company During Normal Business Hours to: Mrs Keiran Grady, Level Eight, AMP Centre, 47 Cathedral Square, Christchurch on telephone number (03) 379 9580. Note: The company is solvent and is being liquidated as part of a restructuring of the shareholders' affairs. Dated this 21st day of May 1996. DAVID CRICHTON, Joint Liquidator. Address of Joint Liquidators: Grant Thornton, P.O. Box 2099, Christchurch.