Frontline Business Funding Limited Notice of Appointment of Receivers and Managers Pursuant to Section 8 (1) of the Receiverships Act 1993 Notice is hereby given that Frontline Business Funding Limited, being the holder of a debenture in its favour dated on the 8th day of December 1998 and registered at the Companies Office at Auckland on the 15th day of December 1998 (``the debenture'') issued by Scan Audio NZ Limited (in receivership) (``the company''), hereby gives notice that on the 20th day of July 1999, under the powers contained in the debenture, it appointed Robert John Knox and Andrew James Spencer, chartered accountants, both of Auckland, jointly and severally as receivers and managers of all the undertaking, property and assets of the company. The Office of the Receivers and Managers is at the Offices of: BDO Auckland, Chartered Accountants, Thirteenth Floor, Quay Tower, corner of Customs and Albert Streets, Auckland. Dated this 22nd day of July 1999. Frontline Business Funding Limited by its solicitors: HALL COTTON LAWRENCE.