Notice of Resignation and Appointment of Receivers and Managers

Pursuant to Sections 8 and 11 of the Receiverships Act 1993

Take notice that Maurice George Noone has resigned from the office of receiver and manager of the companies with effect from 30 September 2017.

And take notice that the secured parties have exercised their powers to appoint a replacement receiver and manager of the companies.

The secured parties have appointed John Howard Ross Fisk, Chartered Accountants Australia and New Zealand Accredited Insolvency Practitioner (NZ), to be a joint and several receiver and manager of all of the assets and undertakings of the companies from 30 September 2017. The appointment of John Howard Ross Fisk is in addition to the existing and continuing appointment of Malcolm Grant Hollis and is in place of the appointment of Maurice George Noone who has, as above, vacated office as receiver and manager of the companies.

Dated this 30th day of September 2017.

MAURICE GEORGE NOONE, Retiring Receiver.

JOHN HOWARD ROSS FISK, New Receiver.

Creditors and Shareholders May Direct Enquiries During Normal Business Hours to: PwC, PwC Centre, Level 4, 60 Cashel Street, Christchurch 8013. Telephone: (03) 374 3000. Email: restructuring@nz.pwc.com.