CADS New Zealand Limited (in receivership) Notice of Appointment of Receivers Pursuant to Section 8 (1) of the Receiverships Act 1993 Timothy James Reid and Richard Dale Agnew of PricewaterhouseCoopers, Level Seven, 711 Church Street (P.O. Box 243), Wellington, were appointed receivers of CADS New Zealand Limited on the 9th day of March 1999, under the terms of a debenture. The property in receivership is all of the company's undertaking, property and assets. Dated this 9th day of March 1999. TIMOTHY JAMES REID. RICHARD DALE AGNEW.