Auckland Air and Welding Supplies Limited Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 John Kenneth Slavich and Carlos Manuel da Silva, chartered accountants, whose office is at BDO Waikato, corner of Anglesea and Rostrevor Streets, Hamilton, hereby give notice that on the 23rd day of December 1997, they were appointed receivers and managers of the property of Auckland Air and Welding Supplies Limited under the powers contained in an instrument dated the 24th day of October 1997. The receivers and managers have been appointed in respect of all the company's undertaking and all its real and personal property and all its assets and effects, whatsoever and wheresoever, both present and future. Dated this 23rd day of December 1997. JOHN KENNETH SLAVICH.