G W & C A McLaughlin Limited (``the company'') Notice of Appointment of Receiver and Manager Pursuant to Section 6 of the Receiverships Act 1993 G W & C A McLaughlin, with reference to G W & C A McLaughlin Limited, hereby give notice that on the 21st day of May 1997, they appointed John Francis Managh, chartered accountant of Wellington, whose office is at 189 The Terrace (P.O. Box 5485), Wellington, as receiver and manager of the property of the company under the powers contained in an instrument dated the 18th day of November 1991. The receiver and manager has been appointed in respect of all the company's undertaking and all its real and personal property and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. Dated this 21st day of May 1997. Signed for and on behalf of G W & C A McLaughlin by their solicitors: BUDDLE FINDLAY. Note: The receiver and manager may be contacted on Telephone: (04) 499 1227 or Facsimile: (04) 499 1227.