Cradle Safe South Pacific Limited (in receivership) Notice of Appointment of Receivers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 On 9 July 1997, we, Laurence George Chilcott and Peter Charles Chatfield, were appointed under powers conferred by a registered debenture dated 14 November 1995, to act jointly and severally as receivers and managers of all the assets and undertakings of the above-mentioned company. Our office address is care of Smith Chilcott, Chartered Accountants, First Floor, General Building, 29 Shortland Street, Auckland. Dated this 14th day of July 1997. LAURENCE GEORGE CHILCOTT and PETER CHARLES CHATFIELD, Receivers and Managers.