Pacific Hospitality Limited Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 We, Michael Peter Stiassny and Grant Robert Graham, hereby give notice that on the 8th day of July 1998, we were appointed joint and several receivers and managers of the assets and undertakings of Pacific Hospitality Limited, pursuant to a debenture dated the 29th day of November 1993. Short Description of Property Charged Under the Debenture: All assets and undertakings of thecompany. The Office of the Receivers and Managers is at: Ferrier Hodgson & Co, Sixteenth Floor, Southpac Tower, 45 Queen Street, Auckland. Inquiries to: Leanne Kelly.