Knightsbridge Foods Limited Notice of Appointment of Receivership and Manager Pursuant to Section 8 (1) (b) of the Receivership Act 1993 I, Norman Kerr Fraser, chartered accountant, Level Three, 103 Worcester Street, Christchurch, hereby gives notice that on the 20th day of March 1997, Cross Credits Limited appointed me as receiver and manager of the property of the above-named company under the powers contained in a debenture, dated the 17th day of May 1996 from Knightsbridge Foods Limited to Cross Credits Limited. The receiver and manager 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 office of the receiver and manager is Level Three, 103 Worcester Street (P.O. Box 163), Christchurch. Telephone: (03) 365 0428. Facsimile: (03) 379 6614. Dated this 20th day of March 1997. NORMAN K. FRASER, Receiver and Manager.