Public Notice of Appointment of Liquidators

The Companies Act 1993 (“Act”)

SCARLETT LIMITED was demerged into two separate entities, TILT RENEWABLES LIMITED and TRUSTPOWER LIMITED (formerly Bay Energy Limited), on 1 November 2016 (“demerger”).

As a result of the demerger on 1 November 2016 it was resolved by special resolution, pursuant to section 241(2)(b) of the Act, that SCARLETT LIMITED be liquidated and that Andrew Grenfell and William Black, chartered accountants of Auckland, be appointed jointly and severally as liquidators.

The directors have resolved that SCARLETT LIMITED will be able to pay its debts. The liquidation will therefore proceed on a solvent basis. Pursuant to section 243(8) of the Act, a copy of the resolution has been delivered to the Registrar of Companies.

The solvent liquidation commenced on 1 November 2016 at 8.00am.

ANDREW GRENFELL, Joint and Several Liquidator.

Liquidators’ Address: McGrathNicol Limited, Level 17, 34 Shortland Street, Auckland 1010. Postal Address: PO Box 91644, Victoria Street West, Auckland 1142. Telephone: (09) 366 4655. Facsimile: (09) 366 4656. Enquiries to: Helen Gair.

Note: This liquidation is being carried out as part of a Scheme of Arrangement under Part 15 of the Act, which was approved by the Auckland High Court on 19 October 2016.