Approval of Associations of Accountants Constituted Outside New Zealand Pursuant to section 2c (1) of the Securities Act 1978, I hereby declare The Institute of Chartered Accountants in Australia The Association of Authorised Public Accountants Australian Society of Certified Practising Accountants The Institute of Chartered Accountants in England and Wales The Chartered Association of Certified Accountants The Institute of Chartered Accountants of Scotland American Institute of Certified Public Accountants to be approved associations of accountants for the purposes of section 2c (1) of the Act (as amended by section 4 of the Securities Amendment Act 1996). Dated at Wellington this 1st day of October 1997. JUDITH ARNOTT, Deputy Registrar of Companies.