S C & L Malcolm Limited AK. 331384 Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 Presented by: KPMG, P.O. Box 929, Hamilton. Alan Raymond Isaac and John Harold Gaukrodger, both chartered accountants, whose offices are at KPMG, 85 Alexandra Street, Hamilton, with reference to S C & L Malcolm Limited, hereby give notice that on 22 May 1996, the Bank of New Zealand appointed them jointly and severally as receivers and managers of the property of S C & L Malcolm Limited, under the powers contained in an instrument dated 30 July 1993. 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 effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. Dated this 22nd day of May 1996. Signed by: ALAN RAYMOND ISAAC and/or JOHN HAROLD GAUKRODGER, as Receivers and Managers.