Peter Wood Appliances Limited (in receivership) Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 On the 24th day of March 1998, we, Richard Grant Simpson and Ronald Walton, were appointed under powers conferred by a registered debenture dated the 6th day of April 1995, to act jointly and severally as receivers and managers of all the assets and undertakings of the above-mentioned company. The Office Address is: Care of Spicer & Oppenheim, Chartered Accountants, CMC Building, 89 Courtenay Place, Wellington. Dated this 25th day of March 1998. RICHARD GRANT SIMPSON and RONALD WALTON, Receivers and Managers.