Paramount Nurseries Limited (in receivership) Notice of Appointment of Receiver and Manager Pursuant to Section 8 of the Receiverships Act 1993 Notice is hereby given that on the 29th day of January 1998, Daran Nair, chartered accountant of Auckland, was appointed as receiver and manager of the property of Paramount Nurseries Limited (in receivership) under the powers contained in a debenture dated the 30th day of May 1997, given by the company. The property in receivership is all the company's undertaking, property and assets. The Office of the Receiver and Manager is: Nair & Associates, Level One, Suite Five, 915 Davis Crescent (P.O. Box 113-114, Broadway), Newmarket. Telephone: (09) 529 1381. Facsimile: (09) 529 1382. All inquiries to: Daran Nair. Dated this 30th day of January 1998.