Auto Cycle Supplies Limited (in receivership) Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 On the 23rd day of March 1999, we, Laurence George Chilcott and Peter Charles Chatfield, were appointed under powers conferred by registered debenture dated the 7th day of July 1994, to act jointly and severally as receivers and managers of all the assets and undertakings of the above-mentioned company. Our Office Address is: Care of Smith Chilcott, Chartered Accountants, First Floor, General Building, 29 Shortland Street, Auckland. Dated this 23rd day of March 1999. LAURENCE GEORGE CHILCOTT and PETER CHARLES CHATFIELD, Receivers and Managers.