Placer Exploration Limited Notice of Intention to Cease to Carry on Business in New Zealand Placer Exploration Limited, a company incorporated in Australia, hereby gives notice, pursuant to section 341 (1) of the Companies Act 1993, that it will cease to carry on business in New Zealand on the 1st day of July 1999. Dated this 1st day of April 1999. D. W. ZANDEE, Director.