The NZ Hardware Group Limited (in receivership) Notice of Appointment of Receivers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 On the 18th day of May 1998, we, Laurence George Chilcott and Peter Charles Chatfield, were appointed under powers conferred by a registered debenture dated the 19th day of November 1996, to act jointly and severally as receivers and managers of all the assets and undertakings of the above-named company. Our Office Address is: Care of Smith Chilcott, Chartered Accountants, First Floor, General Building, 29 Shortland Street, Auckland. Dated this 18th day of May 1998. LAURENCE GEORGE CHILCOTT and PETER CHARLES CHATFIELD, Receivers and Managers.