W. Grayson & Associates Limited (in liquidation) (``the company'') Notice of Appointment of Liquidator Pursuant to Section 229 (2) (a) of the Companies Act 1955 Subsequent to the directors resolving that the company would, on the appointment of a liquidator, be able to pay their debts, Nicola Gaye Crawford, manager of Auckland, was appointed the liquidator of the company by special resolution of the members on the 27th day of June 1997, the date the liquidation commenced. Notice to Creditors to Claim Pursuant to Liquidation Regulation 12 of the Companies Act 1955 Notice is given that as liquidator of the company, I fix the 18th day of July 1997, as the day on or before which the creditors of the company are to make their claims, and to establish any priority their claims may have under section 286 of the Companies Act 1955, or to be excluded from the benefit of any distribution made before the debts are claimed or, as the case may be, from objecting to the distribution. Dated this 3rd day of July 1997. N. G. CRAWFORD, Liquidator. Note: The company is solvent and the liquidation is a result of the restructuring of the affairs of the shareholders. Creditors and Members May Direct Their Inquiries to: Nicola G. Crawford, P.O. Box 12-545, Penrose. Telephone: (09) 579 2669. Facsimile: (09) 579 0560.