USA Import Express Company Limited Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 Richard Dale Agnew and Brian William McCloy, both chartered accountants, whose offices are at Coopers & Lybrand, Chartered Accountants, Level Twenty-eight, Coopers & Lybrand Tower, 2329 Albert Street, Auckland, with reference to USA Import Express Company Limited, hereby give notice that on 29 February 1996, the Bank of New Zealand appointed them jointly and severally as receivers and managers of the property of this company under the powers contained in an instrument dated 13 October 1995. The receivers and managers have been appointed in respect of all the company's undertaking and all its real and personal property and all its assets and affects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. Dated this 29th day of February 1996. Signed by: RICHARD DALE AGNEW and BRIAN WILLIAM McCLOY, as Receivers and Managers.