Notice of Appointment of Receiver and Manager

Pursuant to Section 8 of the Receiverships Act 1993

Thomas Lee Rodewald and Campbell Brown Graham, chartered accountant of Tauranga, hereby give notice that on 14 April 2016 the Bank of New Zealand appointed them jointly and severally as receivers and managers of the property of TRENCHMATE LIMITED under the powers contained in general security agreements dated 25 March 2009.

The Receivers and Managers Have Been Appointed in Respect of: All present and after-acquired property of the company.

Office of the Receivers and Managers is: C/o Rodewald Consulting Limited, Level 1, The Hub, 525 Cameron Road, Tauranga 3144.

Dated this 14th day of April 2016.

THOMAS LEE RODEWALD, Joint Receiver and Manager.