Western Bulk Carriers AS Limited Notice of Intention of Overseas Company Ceasing to Carry on Business in New Zealand Pursuant to Section 341 (1) of the Companies Act 1993 Notice is hereby given that Western Bulk Carriers AS Limited, care of PricewaterhouseCoopers KMR, Level Twenty-five, 2329 Albert Street, Auckland, intends to cease carrying on business in New Zealand. Dated this 9th day of December 1999. WARREN JOHN ROBERTS.