Notice of Appointment of Liquidator Pursuant to Section 229 (2) (a) of the Companies Act 1955 In the matter of the Companies Act 1955, and in the matter of Dragnet Developments Limited (in liquidation): Notice is hereby given that on the 12th day of June 1996, the shareholders of the above-named company passed a special resolution, pursuant to sections 211 and 362 of the Companies Act 1955, that I, Kevin John Palmer, accountant of Hamilton, be appointed liquidator of the company, effective immediately. Liquidation of the company commenced upon my appointment as liquidator. Dated at Hamilton this 12th day of June 1996. KEVIN JOHN PALMER, Liquidator. Any Inquiries into this Matter Should be Addressed to the Liquidator: Care of WEL Energy Group Limited, 711 Victoria Street, Hamilton. Telephone: (07) 838 1399.