Approval of Associations of Accountants Constituted Outside New Zealand Pursuant to section 2c (1) of the Securities Act 1978, I hereby declare The Canadian Institute of Chartered Accountants to be an approved association 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 25th day of November 1997. ADAM FEELEY, Deputy Registrar of Companies.