Wanaka Hotel Corporation Limited Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 Notice is hereby given that on the 20th day of March 1998, the Bank of New Zealand appointed Messrs Murray Neil Frost and Lindsay John Brown, both chartered accountants of Dunedin, as receivers and managers of the property of Wanaka Hotel Corporation Limited under the powers contained in a mortgage debenture dated the 17th day of February 1997, given by that company. The Offices of the Receivers and Managers are at the Offices of: Messrs Deloitte Touche Tohmatsu, Chartered Accountants, Level Eight, Otago House, 481 Moray Place, Dunedin. Dated this 20th day of March 1998. L. J. BROWN, Joint Receiver for the Debenture Holder.