Notice of Ceasing to Act as Receivers and Managers

Pursuant to Section 29 of the Receiverships Act 1993

Notice is hereby given that as from 21 March 2016, we, Thomas Lee Rodewald and Kenneth Peter Brown, have ceased to act as joint receivers and managers of PRECISION GEARS LIMITED (in receivership and in liquidation).

Dated this 21st day of March 2016.

THOMAS LEE RODEWALD and KENNETH PETER BROWN, Joint Receivers and Managers.