Waitakere Appliances Limited Appointment of Receivers and Managers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 We, Michael Peter Stiassny and Grant Robert Graham, hereby give notice that on 14 May 1997, we were appointed joint and several receivers and managers of Waitakere Appliances Limited, pursuant to a debenture dated 24 September 1992. Short Description of Property Charged Under the Debenture: All assets and undertakings of the company. The Office of the Receivers is at: Ferrier Hodgson, Level Sixteen, Southpac Tower, 45 Queen Street, Auckland. Inquiries to: Steve Lawrence or Rodney Martin.