Lakeside Estate Limited (in receivership) Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 On the 13th day of May 1998, we, Rowan John Chapman and Shaun Roger Nixon, chartered accountants of Auckland, were appointed by Coral Waters Limited, acting under powers conferred by a registered debenture dated the 20th day of February 1998, to act jointly and severally as receivers and managers of all the assets and undertaking of the above-named company. Dated this 13th day of May 1998. ROWAN JOHN CHAPMAN, Joint Receiver. SHAUN ROGER NIXON, Joint Receiver. The Receivers and Managers Office Address is: Gosling Chapman, Level Eight, 63 Albert Street (P.O. Box 158), Auckland. Telephone (09) 303 4586. Facsimile: (09) 309 1198.