Dead Serious New Zealand Limited (in receivership) and Spy Optics (NZ) Limited (in receivership) Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) of the Receiverships Act 1993 We, Kenneth Athol Howard and Iain Bruce Shephard, insolvency practitioners of Paraparaumu, whose offices are at 188 Kapiti Road (P.O. Box 1505), Paraparaumu Beach, do hereby give notice that we were on the 1st day of March 1999, appointed receivers and managers of the above-named companies as follows: All the undertaking goodwill of all businesses and all the property and assets, whatsoever and wheresoever, both present and future and all the uncalled and unpaid capital (including reserve capital), both present and future, of the above-named companies. Please Direct all Inquiries to: Chris Dunphy at the receivers' office. Telephone: (04) 297 0546. Facsimile: (04) 297 3168. Dated this 2nd day of March 1999. KENNETH ATHOL HOWARD, Receiver and Manager.