Ixoye Enterprises Limited (in receivership) (trading as the Colonial Arms Motel) Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 John Francis Pak and Murray James Dunn, both chartered Accountants at KPMG, KPMG Centre, 85 Alexandra Street, Hamilton, hereby give notice that on the 29th day of July 1999, they were appointed as receivers and managers of the property of Ixoye Enterprises Limited under the powers contained in an instrument dated on the 28th day of August 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. The Office of the Receivers and Managers is at: KPMG, Level Eleven, KPMG Centre, 85 Alexandra Street, Hamilton (All inquiries to: Peter Farrell). Dated this 29th day of July 1999. MURRAY J. DUNN, Joint Receiver and Manager.