Transition Properties 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 Transition Properties 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 its constitution and the Companies Act 1993. 2. The company's registered office is at 60 Hugo Johnston Drive, Penrose, Auckland. 3. Anyone wishing to object, under section 321 of the Companies Act 1993, to the removal must deliver his or her objection to the Registrar of Companies, Private Bag 92-513, Wellesley Street, Auckland, by the 1st day of August 1997. Dated this 25th day of June 1997. CHAPMAN TRIPP SHEFFIELD YOUNG, Solicitors, Auckland, on Behalf of Transition Properties Limited.