Gazelle Clothing Limited (in receivership) Notice of Appointment of Receivers Pursuant to Section 8 (1) (b) of the Companies Act 1993 We, John Robert Buchanan and Stephen Glenn Hotchin, hereby give notice that on the 30th day of June 1997, we were appointed joint and several receivers of Gazelle Clothing Limited, pursuant to a debenture dated on the 7th day of April 1997. Short Description of Property Charged Under the Debenture: All assets and undertakings of the company. The Office of the Receivers is at: Buchanan & Associates, 441 Lake Road (P.O. Box 33-315), Takapuna, Auckland. Telephone: (09) 486 0286. Facsimile: (09) 486 0643.