Glenwood Holdings Limited Notice of Appointment of Receiver and Manager Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 I, Murray George Allott, chartered accountant of 13 Woodford Terrace, Christchurch, hereby gives notice that on the 22nd day of August 1996, Robert Lindsay Cullum appointed me as receiver and manager of the property of the above company under the powers contained in a debenture dated the 13th day of December 1993, from Glenwood Holdings Limited to Brookus Limited and thereafter assigned to Robert Lindsay Cullum on the 30th day of May 1996. The receiver and manager has been appointed in respect of all the company's undertaking and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. The office of the receiver and manager is 13 Woodford Terrace (P.O. Box 8666), Christchurch. Telephone: (03) 351 7794. Facsimile: (03) 351 7794. Dated the 22nd day of August 1996. MURRAY G. ALLOTT, Receiver and Manager.