Notice of Appointment of Receivers and Managers

Pursuant to Section 8(1)(b) of the Receiverships Act 1993

We, Iain Andrew Nellies and Wayne John Deuchrass, insolvency practitioners of Dunedin and Christchurch respectively, hereby give notice that on 5 February 2015, we were appointed jointly and severally as receivers and managers of ARNOLD VALLEY INVESTMENTS LIMITED under the powers contained in a general security agreement dated the 22nd day of December 2003.

The Receivers and Managers Have Been Appointed in Respect of: All the company’s present and after-acquired property, being all the company’s personal property, real property and other property.

The Offices of the Receivers and Managers Are at: Insolvency Management Limited, 8B Homersham Place, (PO Box 20009), Christchurch 8543.

Dated this 12th day of February 2015.

I. A. NELLIES and W. J. DEUCHRASS, Receivers and Managers.