Tugali Enterprises Limited (in liquidation) Notice of Appointment of Liquidator Pursuant to Section 229 (2) (a) of the Companies Act 1955 (``the Act'') On the 29th day of June 1997, it was resolved by special resolution of the members, pursuant to section 211 (2) (a) of the Act, that Tugali Enterprises Limited be liquidated and that David John Bridgman, chartered accountant of Auckland, be appointed liquidator. The liquidation commenced on the 29th day of June 1997. The directors have resolved that the company is solvent and will be able to pay its debts. A copy of that resolution has been delivered to the Registrar of Companies, pursuant to section 213 (8) of the Act. Notice to Creditors to Prove Debts or Claims The liquidator does hereby fix the 15th day of August 1997, as the day on or before which any creditors of the company are to prove their debts or claims and to establish any priority their claims may have under section 286, or rights for their claims to be excluded from any distribution made, or to object to any distribution made. Creditors and Members May Direct Their Inquiries During Normal Business Hours to Ron Evans at the Following Address: Arthur Andersen, Level Fifteen, Arthur Andersen Tower, 209 Queen Street (P.O. Box 199), Auckland. Telephone: (09) 302 0280. Facsimile: (09) 302 0915. Dated this 14th day of July 1997. DAVID JOHN BRIDGMAN, Liquidator.