Hollobons Hire Service Limited (in receivership) Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 On the 12th day of May 1998, we, David Donald Crichton and Trevor Francis Thornton, chartered accountants of Christchurch, were appointed by UDC Finance Limited, acting under powers conferred by a registered debenture dated the 30th day of August 1991, to act jointly and severally, as receivers and managers of all the assets and undertaking of the above-named company. Inquiries may be directed by a creditor of the company during normal business hours to Ms Tarsha Triplow. The Receivers Office Address is: Care of Grant Thornton, Chartered Accountants, Level Eight, AMP Centre, 47 Cathedral Square (P.O. Box 2099), Christchurch. Telephone: (03) 379 9580. Facsimile: (03) 366 3720. Dated this 12th day of May 1998. DAVID DONALD CRICHTON, Receiver. TREVOR FRANCIS THORNTON, Receiver.