International Fabrics (N.Z.) Limited (in receivership) Notice of Appointment of Receivers Pursuant to Section 8 (1) of the Receiverships Act 1993 Timothy James Reid and Gary Traveller of PricewaterhouseCoopers, Level Seven, Price Waterhouse Centre, 1113 Church Street (P.O. Box 243), Wellington, were appointed receivers of International Fabrics (N.Z.) Limited on the 17th day of December 1998, under the terms of a debenture dated the 13th day of September 1990. The property in receivership is all of the company's undertaking, property and assets. This appointment is additional to the appointment of receivers on the 7th day of October 1998 under the terms of a debenture dated the 10th day of July 1989. Dated this 22nd day of December 1998. TIMOTHY JAMES REID and GARY TRAVELLER.