New Zealand Dairy Board Finance (N.Z.) Limited and New Zealand Dairy Board Finance Limited Public Notice of Amalgamation Proposal Pursuant to Section 221 of the Companies Act 1993 The Boards of New Zealand Dairy Board Finance (N.Z.) Limited and New Zealand Dairy Board Finance Limited (the ``amalgamating companies''), hereby give notice of the proposed amalgamation of the amalgamating companies. New Zealand Dairy Board Finance (N.Z.) Limited is intended to continue as the amalgamated company. The boards of the amalgamating companies hereby state that: Copies of the amalgamation proposal are available for inspection by any shareholder or creditor of an amalgamating company, or any person to whom an amalgamating company is under an obligation, at the registered offices detailed below, during normal business hours. Any shareholder or creditor of an amalgamating company, or any person to whom an amalgamating company is under an obligation, is entitled to be supplied free of charge with a copy of the amalgamation proposal upon request to an amalgamating company. Registered Offices: New Zealand Dairy Board Finance (N.Z.) Limited, Pastoral House, 25 The Terrace, Wellington. New Zealand Dairy Board Finance Limited, Pastoral House, 25 The Terrace, Wellington. Dated this 9th day of January 1997. D. J. STEELE, Director.