Resort Properties Limited (in receivership) Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 Rodney Gane Pardington and Lloyd James Hayward, both chartered accountants at Deloitte, Touche, Tohmatsu, Level Twelve, Tower Two, Shortland Towers, 5565 Shortland Street, Auckland, hereby give notice that on the 15th day of December 1998, they were appointed as receivers and managers of the property of Resort Properties Limited, under the powers contained in an instrument dated on the 25th day of September 1995. The receivers and managers have been appointed in respect of all the company's undertaking and all its real and personal property and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. Dated this 15th day of December 1998. Signed by Rodney Gane Pardington and/or Lloyd James Hayward as receivers and managers in the presence of: N. L. KING, Secretary. Auckland.