Innocenti Franchise Limited (in receivership) Notice of Appointment of Receiver and Manager Pursuant to Section 8 of the Receiverships Act 1993 Ewan Ronald Price, solicitor, whose office is at 354 Great North Road, Henderson, Auckland, hereby gives notice that on the 22nd day of December 1997, he was appointed receiver and manager of the property of Innocenti Franchise Limited under the powers contained in a debenture dated the 13th day of October 1993, giving the holders a fixed and floating charge over the whole of the assets of the company. The receiver and manager has been appointed in respect of all the company's undertakings and all its real and personal property and all its assets and effects, whatsoever and wheresoever, both present and future. Dated this 22nd day of December 1997. Signed by: EWAN PRICE, Barrister and Solicitor. Address for Service: D.X. D.P. 92-509, Henderson, Auckland. Facsimile: (09) 837 2667.