Garrett Properties 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 of Paraparaumu, insolvency practitioners, whose offices are at 188 Kapiti Road (P.O. Box 1505), Paraparaumu Beach, do hereby give notice that we were on the 7th day of April 1999, appointed receivers and managers of the above-named company 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 company. Officer for Inquiries: Chris Dunphy. Telephone: (04) 297 0546. Facsimile: (04) 297 3168. Dated this 13th day of April 1999. KENNETH ATHOL HOWARD, Receiver.