Concise Developments 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 16th day of July 1998, we were appointed joint and several receivers and managers of the assets and undertakings of Concise Developments Limited, pursuant to a debenture dated the 19th day of June 1992. 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: Guy Baxendale.