De Bretts Hotel Limited (in receivership) Notice of Appointment of Receivers Pursuant to Section 8 (1) (b) of the Companies Act 1993 We, John Robert Buchanan and Stephen Glenn Hotchin, hereby give notice that on 7 April 1997, we were appointed joint and several receivers of De Bretts Hotel Limited, pursuant to a debenture dated 8 March 1995. Short Description of Property Charged Under the Debenture: All assets and undertakings of the company. The Office of the Receivers is at: Buchanan & Associates, 441 Lake Road (P.O. Box 33-315), Takapuna, Auckland. Telephone: (09) 486 0286. Facsimile: (09) 486 0643.