Coromandel Ferry Services Limited Appointment of Receivers and Managers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 We, Michael Peter Stiassny and Brendon James Gibson, hereby give notice that on the 16th day of October 1997, we were appointed joint and several receivers and managers of the assets and undertakings of Coromandel Ferry Services Limited, pursuant to a debenture dated the 16th day of December 1996. Short Description of Property Charged Under the Debenture: All assets and undertakings of the company. The Office of the Receivers is at: Ferrier Hodgson & Co, Sixteenth Floor, Southpac Tower, 45 Queen Street (P.O. Box 982), Auckland. Telephone: (09) 307 7865. Inquiries to: Alastair Fairley.