The Ascot Group Limited (in liquidation) Notice of Appointment of Liquidators Pursuant to Section 255 (2) (a) of the Companies Act 1993 Paul Francis Lynskey and Timothy James Reid, chartered accountants of Christchurch and Wellington, were appointed jointly and severally as liquidators of The Ascot Group Limited, by special resolution of the shareholders on the 30th day of March 1999, the date that the liquidation commenced. Creditors and Shareholders May Direct Inquiries to: Sarah Farrelly, PricewaterhouseCoopers, Level Eleven, Price Waterhouse Centre, 119 Armagh Street, Christchurch. Postal Address: P.O. Box 13-244, Christchurch. Telephone: (03) 374 3000. Facsimile: (03) 374 3001. Dated this 31st day of March 1999. PAUL F. LYNSKEY and TIMOTHY J. REID.