Land Vested in Landcorp Investments Limited Pursuant to section 24 (1) of the State-Owned Enterprises Act 1986, and to an authorisation dated 26 April 1995 from the Ministers of Finance and State-Owned Enterprises, the Solicitor, Land Information New Zealand, hereby gives notice as follows: N o t i c e 1. Title This notice may be cited as the Landcorp Investments Limited Vesting Notice 1997 No. 1. 2. Application (1) This notice applies to all the land described in the Schedule to this notice, saving and excepting: (a) The bed of any lake whose bed has an area of 8 hectares or more. (b) The bed of any river whose bed has an average width of 3 metres or more. (c) Any land covered and uncovered by the flow and ebb of the tide at mean spring tides. (2) In subclause (1) of this clause, the terms ``bed'', ``lake'', and ``river'' have the meanings assigned to them by section 2 (1) of the Resource Management Act 1991. 3. Vesting Subject to section 24 of the Conservation Act 1987, the land to which this notice applies shall vest for an estate in fee simple in Landcorp Investments Limited (a company duly incorporated under the Companies Act 1955, having its registered office at Wellington and being a State enterprise within the meaning of section 29 (1) of the State-Owned Enterprises Act 1986) on the 13th day of February 1997. (i) Together with the appurtenant rights (if any) described in the Schedule to this notice, but (ii) Subject to the rights, interests and encumbrances (if any), to which it is described in the Schedule to this notice as being subject. Schedule Area Description Marlborough Land District 43.9150 ha Section 1, S.O. Plan 7261, situated in Block II, Clifford Bay Survey District. 101.9808 ha Section 23, Block III, Cape Campbell Survey District, shown on S.O. Plan 4459. Subject to a deed of grant of drainage and incidental rights registered as Volume 59, folio 272 (Marlborough Registry). Subject to a lease registered as Volume 59, folio 286 (Marlborough Registry). Dated at Wellington this 10th day of February 1997. RUSSELL DAVIES, Solicitor. (LINZ N.O. 8225-07-01-D10)