Power Cables NZ Limited Notice of Intention to Remove Company From the New Zealand Register Pursuant to Section 320 of the Companies Act 1993 1. Take notice that it is intended to remove Power Cables NZ Limited (``the company'') from the New Zealand Register under section 318 (1) (d) of the Companies Act 1993 on the grounds that it has ceased to carry on business, has discharged in full its liabilities to all known creditors and has distributed its surplus assets in accordance with the Companies Act 1993. 2. The company's registered office is at 10 Hutt Road, Petone. 3. Anyone wishing to object to the removal, under section 321 of the Companies Act 1993, must deliver his or her objection, to the Registrar at Wellington within 20 working days after the date of this notice. Dated this 7th day of May 1997. MICHAEL CHARLES UNDERHILL, Director of Citipower Limited (Sole Shareholder of the Company).