CWM Investment Fund No. 4 Limited (in liquidation) (``the company'') Public Notice of Appointment of Liquidators Pursuant to Section 229 (2) (a) of the Companies Act 1955 On the 25th day of June 1996, the official assignee gave notice that on the resignation of the previous liquidator, Rowan John Chapman and Geoffrey Donald Cambell Walker are appointed as the new joint and several liquidators of the company, with immediate effect. Creditors and shareholders of the company may direct inquiries to the liquidator during normal business hours at the address and telephone number below. Dated this 2nd day of July 1996. R. J. CHAPMAN and G. D. C. WALKER, Joint Liquidators. Address of Joint Liquidators: Gosling Chapman Centre, Eighth Floor, 63 Albert Street (P.O. Box 158), Auckland. Telephone: (09) 309 4586. Facsimile: (09) 309 1198.