Valley Brewing Company Limited Notice of Appointment of Receivers Pursuant to Section 8 of the Receiverships Act 1993 Notice is hereby given that Bruce McCallum and Keith Palmer, chartered accountants of Wellington, were appointed as receivers and managers of the property of Valley Brewing Company Limited on the 25th day of June 1997 under the powers contained in a debenture dated the 7th day of September 1992. The receivers have been appointed in respect of all the company's real and personal property and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. The Offices of the Receivers and Managers are: McCallum Petterson & Co., Chartered Accountants, Level Eight, City Tower, 95 Customhouse Quay (P.O. Box 3156), Wellington. Telephone: (04) 499 7796. Facsimile: (04) 499 7784. Dated the 26th day of June 1997. KEITH PALMER, Receiver and Manager.