Notice of Appointment of Receiver and Manager In the matter of Redruth Promotions Limited (in receivership): Notice is hereby given that, pursuant to a debenture dated the 31st day of January 1997, given by Redruth Promotions Limited in its favour, Powmar Investments Limited have appointed John Francis Managh, chartered accountant of Wellington, as receiver and manager of the property of Redruth Promotions Limited on the 7th day of April 1997, under the powers contained in the said debenture. The offices of the receiver and manager are at 189 The Terrace, Wellington (P.O. Box 5485), Wellington. Telephone: (04) 499 1227. Facsimile: (04) 499 1227. The property in respect of which the receiver and manager has been appointed is all of the company's undertaking, property and assets, wheresoever situated, both present and future, including uncalled and unpaid capital. Dated this 9th day of April 1997. J. F. MANAGH, Receiver and Manager.