Notice of Resignation of Receiver and Manager and
Appointment of Replacement Receiver and Manager

Pursuant to Sections 8 and 11 of the Receiverships Act 1993

Company Nos.: 951477, 632029, 1367148, 925900, 1406962

Take notice that Colin Thomas McCloy has resigned from the office of receiver and manager of the receivership companies with effect from 25 October 2016.

And take notice that Covenant Trustee Company Limited has exercised its power to appoint a replacement receiver and manager of the receivership companies and appointed David John Bridgman, chartered accountant of PricewaterhouseCoopers, Auckland, to be a joint and several receiver and manager of all of the assets and undertakings of the receivership companies from 25 October 2016.

The appointment of David John Bridgman is in addition to the existing and continuing appointment of John Howard Ross Fisk, chartered accountant of PricewaterhouseCoopers, Wellington, and is in place of the appointment of Colin Thomas McCloy who has, as above, vacated office as receiver and manager of the receivership companies.

Dated this 25th day of October 2016.

COLIN THOMAS McCLOY, Retiring Receiver.

DAVID JOHN BRIDGMAN, New Receiver.

The Office Address of the Receivers and Managers of the Receivership Companies is: PricewaterhouseCoopers, Level 16, 113–119 The Terrace, Wellington. Telephone: (04) 462 7000. Website: www.pwc.com/nz/strategicfinance.