Initial Properties Limited (in liquidation) Notice of Intention to Remove Company From the Register Pursuant to Section 320 (2) of the Companies Act 1993 We, David Donald Crichton and Trevor Francis Thornton, liquidators of Initial Properties Limited, whose registered office is situated at Grant Thornton, AMP Centre, Cathedral Square, Christchurch, hereby give notice that, pursuant to section 318 (1) (e) of the Companies Act 1993, and having filed with the Registrar our final report on the liquidation, it is intended to remove the company from the New Zealand Register. Any objection to the removal, pursuant to section 321 of the Companies Act 1993, must be delivered to the Registrar of Companies no later than the 28th day of February 1998. Dated this 28th day of January 1998. DAVID DONALD CRICHTON and TREVOR FRANCIS THORNTON, Liquidators, Initial Properties Limited.