Churchill Group Holdings Limited (in receivership and in liquidation) Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 Donald Eric Wackrow and Kenneth Ming Yee as trustees of PJ Fava No. 1 Trust, on the 2nd day of November 1999, appointed John Lawrence Vague and Graeme George McDonald, chartered accountants of Auckland, as receivers and managers of the property of Churchill Group Holdings Limited (in receivership and in liquidation), under the powers contained in a debenture dated the 2nd day of February 1998, which property consists of all freehold and leasehold land, fixed plant and machinery, patents, trade names, unpaid and uncalled capital and goodwill and all other assets. Office of the Receiver is: Care of McDonald Vague & Partners, Fifth Floor, 80 Greys Avenue, Auckland. Dated this 5th day of November 1999. JOHN L. VAGUE, Receiver.