Pacific Development & Investment Corporation Limited (in liquidation and in receivership) Notice of Appointment of Receiver and Manager Pursuant to Section 8 of the Receiverships Act 1993 Gerard Hulst, chartered accountant of Auckland, was appointed receiver and manager of the property of Pacific Development & Investment Corporation Limited on the 19th day of May 1999, under the powers contained in a debenture dated on the 23rd day of December 1996. The receiver and manager has been appointed in respect of all the company's undertaking and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. Creditors May Direct Inquiries to: Gerard Hulst. The Offices of the Receiver and Manager Are at: Gerard Hulst and Associates, 26 Hobson Street (P.O. Box 6901, Wellesley Street), Auckland 1. Telephone: (09) 357 6756. Facsimile: (09) 303 3371. E-mail: gerard@hulst.co.nz