Morcross Holdings Limited (in receivership) Notice of Appointment of Receivers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 On 29 August 1996, we, Robert Christopher Malcolm and Donald Raymond Rassell, chartered accountants of Tauranga, were appointed by Trust Bank New Zealand Limited, acting under powers conferred by a registered debenture dated 9 June 1995, to act jointly and severally as receivers and managers of all the assets and undertaking of the above-named company. The receivers office address is care of Ingham Mora Malcolm and Rassell, Chartered Accountants, Realty House, corner of Wharf and Durham Streets (P.O. Box 222), Tauranga. Telephone: (07) 578 2849. Facsimile: (07) 578 8567. Dated this 30th day of August 1996. ROBERT CHRISTOPHER MALCOLM and DONALD RAYMOND RASSELL, Joint Receivers.