South Pacific Shipping Limited (in liquidation) Notice of Meeting of Creditors Notice is given that a meeting of creditors of South Pacific Shipping Limited (in liquidation) (``the company''), will be held at The Westland Room, First Floor, Noah's Hotel, 176 Oxford Terrace, Christchurch, on the 23rd day of March 1998 at 10.30 a.m. Business: 1. Confirm liquidators appointment: To resolve: ``That the appointment of Gary Traveller and John Anthony Waller as liquidators of the company be and is hereby confirmed.'' 2. Views of creditors: To determine whether to pass a resolution or resolutions setting out the views of creditors of the company. 3. Liquidation committee: To resolve: That a liquidation committee be and is hereby appointed to act with the liquidator. If the resolution is passed, to choose the members of the committee. 4. General: To deal with any other business that might properly be brought before the meeting. Creditors who have not received a notice of meeting, voting form or liquidators' report are requested to contact Jim Chappell at Price Waterhouse on Telephone: (04) 385 5283. Proxies: Proxies to be used at the meeting must be with the liquidators no later than 10.30 a.m. on the 21st day of March 1998. Postal Vote: Postal votes must be delivered to the liquidators at Price Waterhouse Centre, 1117 Church Street, Wellington or sent to P.O. Box 766, Wellington, to be received no later than 10.30 a.m. on the 22nd day of March 1998. Dated this 6th day of March 1997. Signed by: GARY TRAVELLER, Liquidator.