Pegasus Auto Brokers Limited (in receivership) Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) of the Receiverships Act 1993 We, Kenneth Athol Howard and Iain Bruce Shephard, insolvency practitioners of Paraparaumu, whose offices are at 188 Kapiti Road (P.O. Box 1505), Paraparaumu Beach, do hereby give notice that we were on the 19th day of May 1997, appointed receivers and managers of the above-named company as follows: All the undertaking, goodwill of all businesses and all the property and assets, whatsoever and wheresoever, both present and future, including the uncalled and unpaid capital (including reserve capital), both present and future of the above-named company. Please direct all inquiries to Iain Shephard at the receivers' office. Telephone: (04) 297 0546. Facsimile: (04) 297 3168. Dated this 19th day of May 1997. IAIN BRUCE SHEPHARD, Receiver.