Notice of Appointment of Receiver and Manager Pursuant to Section 8 of the Receiverships Act 1993 Westpac Banking Corporation, a duly incorporated company, on the 25th day of March 1997, appointed Peter William Young and Lynn Graeme Humphrey, chartered accountants of Christchurch, as receivers and managers of the property of Alamo Holdings Limited (trading as T.C.L. Drycleaning) under the powers contained in a debenture dated the 21st day of December 1994 which property consists of all freehold and leasehold land, fixed plant and machinery, patents, trade names, unpaid and uncalled capital and goodwill and all other assets and undertakings. Office of the receiver is care of KPMG, Sixteenth Floor, Clarendon Tower, 78 Worcester Street, Christchurch. Dated this 27th day of March 1997. PETER WILLIAM YOUNG, Joint Receiver and Manager.