Clutha View Motors Limited Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 Notice is hereby given that on the 2nd day of June 1999, the Bank of New Zealand, hereby appointed Messrs Murray Neil Frost and Lindsay John Brown, both chartered accountants of Dunedin, as receivers and managers of the property of Clutha View Motors Limited under the powers contained in a mortgage debenture dated on the 24th day of October 1995, given by that company. The Offices of the Receivers and Managers are at the Offices of: Deloitte Touche Tohmatsu, Chartered Accountants, Level Eight, Otago House, 481 Moray Place, Dunedin. Dated this 2nd day of June 1999. Messrs M. N. FROST and L. J. BROWN, Joint Receivers and Managers for the Debenture Holder.