Cashmere Bay 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 respectively, were appointed jointly and severally as liquidators of Cashmere Bay Limited by special resolution of the shareholders on the 31st day of August 1999, the date that the liquidation commenced. We advise that the directors have passed a resolution stating that in their view the company had a surplus of assets over liabilities and was able to pay all its debts at the date of our appointment. Creditors and Shareholders May Direct Inquiries to: Matthew Yates, 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 August 1999. PAUL F. LYNSKEY and TIMOTHY J. REID, Joint and Several Liquidators.