Snowden Enterprises Limited Notice of Appointment of Receiver Pursuant to Section 8 of the Receiverships Act 1993 Payment Systems Limited with reference to Snowden Enterprises Limited, hereby gives notice that on the 28th day of February 1997, Payment Systems Limited, appointed Richard Bryan Neal and Graham Cameron Edwards, chartered accountants, care of Edwards and Co, Chartered Accountants, corner of Shakespeare Road and Browning Street, Napier, as receivers of the property of this company under the powers contained in an instrument dated the 22nd day of July 1996. The receivers have been appointed in respect of all the company's undertaking and all its real and personal property and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. Dated this 28th day of February 1996. Signed: RICHARD BRYAN NEAL, Receiver. GRAHAM CAMERON EDWARDS, Receiver.