Wanaka Hotel Corporation Limited (in receivership) AK. 715430 Notice of Appointment of Receivers Pursuant to Section 8 (1) of the Receiverships Act 1993 Malcolm Ashley Wong and Graeme Meldrum Cook, chartered accountants, both of Dunedin, hereby give notice that on the 25th day of May 1998, Azalea Investments Limited, a duly incorporated company, having its registered office at Auckland, appointed them as receivers of the property of Wanaka Hotel Corporation Limited (in receivership) under the powers contained in an instrument dated the 11th day of June 1997. The receivers have been appointed in respect of all that company's undertaking and all the property and assets of that company, both present and future, including its uncalled capital and called but unpaid capital and the goodwill of all its business. The receivers have been appointed in addition to a receiver who already holds office. The Receivers' Office Address is: Cook North & Wong, First Floor, Savoy Building, Moray Place, Dunedin. The Receivers' Postal Address is: Cook North & Wong, P.O. Box 867, Dunedin. Dated this 25th day of May 1998. MALCOLM ASHLEY WONG. GRAEME MELDRUM COOK.