Pelorus Boatyard (1990) Limited Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 Notice is hereby given that David Vance and Bruce McCallum, chartered accountants of Wellington, were appointed as receivers and managers of the property of Pelorus Boatyard (1990) Limited on the 31st day of July 1998 under the powers contained in a mortgage debenture dated the 20th day of April 1994. The receivers have been appointed in respect of all the company's undertakings and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. The Offices of the Receivers and Managers are: McCallum Petterson & Co., Chartered Accountants, Level Eight, City Tower, 95 Customhouse Quay (P.O. Box 3156), Wellington. Telephone: (04) 499 7796. Facsimile: (04) 499 7784. Dated this 3rd day of August 1998. D. VANCE and B. McCALLUM, Receivers and Managers.