Notice of Watershed Meeting of Creditors

The Companies Act 1993 Section 239AU(1)(b)

We, Stephen Speers Keen (IP#159) and Malcolm Russell Moore (IP#42), refer to our appointment as administrators of the Group on 2 and 3 May 2024 pursuant to section 239I of the Companies Act 1993.

Notice is hereby given that the watershed meeting held for the Group on Wednesday, 5 June 2024, was adjourned in accordance with section 239AZ of the Companies Act 1993. I now confirm that we will be reconvening the watershed meeting for the Group, which will be held at Rydges Hotel, 59 Federal Street, Auckland 1010 at 10.00am on Wednesday, 12 June 2024.

We have been granted orders by the Court to provide an audio-visual link to enable creditors to attend remotely, with the link to be provided to all creditors who request this.

The purpose of the watershed meeting is for the creditors of each company to resolve either:

1. that the company execute a deed of company arrangement; or
2. the company be placed into liquidation; or
3. the administration should come to an end. There will not be a vote on this outcome. If creditors do not vote for one of the first two resolutions, then the administration will end and control of the company will return to the directors of the company.

Creditors may exercise their right to vote by being present in person, or by appointing a proxy or by postal vote. Stephen Keen will be authorised to receive and count postal votes in relation to that meeting.

Dated this 5th day of June 2024.

STEPHEN KEEN, Administrator.