STM Group Limited (in receivership and in liquidation) Notice of Appointment of Receiver and Manager Pursuant to Section 8 of the Receiverships Act 1993 Gerard Hulst, chartered accountant of Auckland, was appointed receiver and manager of the property of STM Group Limited (in liquidation) on 13 March 1997, under the powers contained in a debenture dated 12 October 1993. The receiver 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 offices of the receiver and manager are at Gerard Hulst and Associates, 26 Hobson Street (P.O. Box 6901, Wellesley Street), Auckland 1. Telephone: (09) 357 6756. Facsimile: (09) 303 3371. Dated this 14th day of March 1997. GERARD HULST, Receiver and Manager.