Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) of the Receiverships Act 1993 In the matter of the Receiverships Act 1993, and in the matter of Pellet Heating New Zealand Limited (in receivership): Notice is hereby given that on the 23rd day of June 1998, James Bruce Alfred McAlister and Bruce Robertson Irvine, both chartered accountants of Christchurch, were appointed as receivers and managers of the property of Pellet Heating New Zealand Limited under the powers contained in a mortgage debenture dated the 6th day of October 1997, given by that company. The Offices of the Receivers and Managers are at the Offices of: Messrs Deloitte Touche Tohmatsu, Chartered Accountants, 32 Oxford Terrace, Christchurch. Dated this 23rd day of June 1998. Messrs J. B. A. McALISTER and B. R. IRVINE, Joint Receivers and Managers.