VisionNet Australasia Limited (in receivership) Notice of Appointment of Receivers and Managers Pursuant to the Receiverships Act 1993 Notice is hereby given that Peter John Brannigan and Gareth Russel Hoole, chartered accountants, both of Auckland, were on the 21st day of May 1997, appointed receivers and managers of the property, assets and undertakings of VisionNet Australasia Limited (formerly called VisionNet New Zealand but which changed its name to VisionNet Australasia Limited on the 1st day of November 1996), pursuant to the powers contained in a debenture given by the company and dated the 20th day of September 1996. The office of receiver is at Level Three, 22 Fanshawe Street, Auckland (P.O. Box 4114, Shortland Street, Auckland). Telephone: (09) 373 2286. Facsimile: (09) 373 2218. Dated at Auckland this 21st day of May 1997. PETER JOHN BRANNIGAN. GARETH RUSSEL HOOLE.