Notice of Watershed Meeting of Creditors of Company Under Administration

The Companies Act 1993

Company No.: 913810

Notice is hereby given that the watershed meeting of creditors of the company will be held at the offices of PPB Advisory, Level 11, DLA Piper Tower, 205–209 Queen Street, Auckland, on Wednesday 4 May 2016 at 11.00am.

Agenda

The purpose of the meeting is:

1. to review the report of the joint and several administrators in connection with the business, property, affairs and financial circumstances of the company; and
2. for the creditors of the company to resolve:
1. that the company execute a deed of company arrangement;
2. that the administration should end; or
3. that the company be put into liquidation; and
3. any other business properly brought before the meeting.

Report and Statement as to Certain Matters

Pursuant to section 239AU of the Companies Act 1993, the joint and several administrators have hereby provided you with a copy of the joint and several administrators’ report, which includes:

1. the joint and several administrators’ comments on the business, property, affairs and financial circumstances of the company as prepared by the joint and several administrators; and
2. a statement setting out the joint and several administrators’ opinion, with reasons for that opinion, about whether it is in the company creditors’ interests:
1. that the company execute a deed of company arrangement;
2. that the administration should end; or
3. that the company be put into liquidation.

Dated this 27th day of April 2016.

DAVID WEBB, Joint and Several Administrator.