Erec Software & Technology Limited (in liquidation) Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 Notice is hereby given that David Ross Petterson and Keith Goddard Palmer, chartered accountants of Wellington, were appointed as receivers and managers of the property of Erec Software & Technology Limited (in liquidation) on the 3rd day of June 1999 under the power contained in a mortgage debenture dated the 28th day of September 1998. The receivers and managers have been appointed in respect of all the company's undertakings and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. The Offices of the Receivers and Managers are: McCallum Petterson & Co., Chartered Accountants, Level Eight, City Tower, 95 Customhouse Quay (P.O. Box 3156), Wellington. Telephone: (04) 499 7796. Facsimile: (04) 499 7784. Dated this 10th day of June 1999. DAVID PETTERSON, Receiver and Manager.