Notice of Appointment of Receivers and Managers

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

We, Grant Robert Graham and Brendon James Gibson, hereby give notice that on 15 April 2016 we were appointed joint and several receivers and managers of the assets and undertaking of

CAVELANDS FARMING LIMITED pursuant to a general security agreement dated 27 January 2004;

KAITUNA PASTORAL FARMS LIMITED pursuant to a general security agreement dated 14 August 2009;

STOCKADE PASTORAL FARMS LIMITED pursuant to a general security agreement dated 14 August 2009; and

360 FARMING LIMITED pursuant to a general security agreement dated 14 August 2012.

Short Description of Property Charged Under the General Security Agreements: All assets and undertaking of the companies.

The Office of the Receivers and Managers is at: KordaMentha, Level 16, 45 Queen Street, Auckland.

GRANT GRAHAM and BRENDON GIBSON, Joint Receivers and Managers.

Enquiries to: Hugh Delmonte.

Note: If any creditor claims a security interest over any assets of the companies, please provide details to the receivers and managers forthwith.