Notice of Watershed Meeting of Creditors to Decide the Future of the Company

Pursuant to Section 239AU of the Companies Act 1993

Notice is given that:

1. Stephen Robert White and John Howard Ross Fisk, both Licensed Insolvency Practitioners of PricewaterhouseCoopers New Zealand (“PwC”), were appointed joint and several administrators (“Administrators”) of the company on 30 January 2024.

2. The Watershed Meeting of creditors of the company will be held at 3.00pm on Wednesday, 5 June 2024. The meeting will be held at the following location: Level 27, PwC Tower, 15 Customs Street West, CBD, Auckland 1010.

3. The business to be dealt with at the Watershed Meeting is to:

1. consider the Administrators’ report and opinion about the company’s business, property, affairs and financial circumstances;
2. determine the future of the company, by voting on a resolution to either place the company into liquidation or, if that resolution does not pass, to end the administration and return control of the company to its director; and
3. address any other business that may be lawfully brought forward.

4. The text of the resolutions to be voted on are as follows:

1. that the company should be placed into liquidation, and Stephen Robert White and John Howard Ross Fisk be appointed as liquidators; and
2. that the Administration end and control of the company be returned to the company’s director.

Creditors may exercise their right to vote by being present in person, or by appointing a proxy, or by postal vote. Proxy forms and postal votes, must be received no later than 3.00pm, Friday, 31 May 2024 and should be sent to: NEW ZEALAND VACUUM CLEANER COMPANY LIMITED (administrators appointed) C/- PwC, Private Bag 92162, Auckland 1010. Attention: Maisie Evison. Or by email to: nz_godfreys@pwc.com.

Dated this 27th day of May 2024.

STEPHEN WHITE, Administrator.