Dead Serious New Zealand Limited (in receivership) (``the company'') Notice of Appointment of Receivers Pursuant to Section 8 (1) of the Receiverships Act 1993 Richard Dale Agnew of Auckland and Timothy James Reid, chartered accountants of Wellington, were appointed receivers of Dead Serious New Zealand Limited on the 5th day of March 1999, under the terms of a debenture. The property in receivership is the company's book debts, relevant agreements and associated rights, which the company has assigned to Scottish Pacific Business Finance Limited for consideration in accordance with a notification factoring facility agreement, dated the 1st day of December 1998 and which have not been reassigned by Scottish Pacific Business Finance Limited to the company. ``Associated rights'', ``book debts'' and ``relevant agreements'' have the meaning set out in a memorandum of partial release of debenture, dated the 23rd day of November 1998, executed by the National Bank of New Zealand Limited and filed in the Companies Office. Dated this 15th day of April 1999. RICHARD DALE AGNEW and TIMOTHY JAMES REID, Receivers. The Receivers' Address is: PricewaterhouseCoopers, Level Eighteen, Price Waterhouse Centre, 66 Wyndham Street (Private Bag 92-162), Auckland.