Phillips & Barker Limited Appointment of Receivers and Managers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 We, Michael Peter Stiassny and Grant Robert Graham, hereby give notice that on the 23rd day of August 1996, we were appointed joint and several receivers and managers of Phillips & Barker Limited, pursuant to a debenture dated the 9th day of September 1992. Short Description of Property Charged Under the Debenture: All assets and undertakings of the company. The Office of the Receiver is: Ferrier Hodgson, Level Sixteen, Southpac Tower, 45 Queen Street, Auckland. Officer for Inquiries: Rodney Martin.