Notice of Election by Public Trust to Become Manager Under Part VII of the Public Trust Act 2001

Whereas:

1. Corkscrew No. 8 Limited (“Owner”) is the registered owner of the property mentioned in the Schedule hereto (“Property”).
2. Public Trust has been informed that the Property would vest in the Crown if it were not subject to a trust of another person, whether under section 324 of the Companies Act 1993 or otherwise; however, after due inquiry, it is known whether the Property is subject to such a trust.
3. The gross value of the Property (as estimated by Public Trust) does not exceed $40,000.
4. Public Trust has advertised its intention to elect to be the manager of the Property in the 10 May 2025 edition of the Otago Daily Times and 10 May 2025 edition of The Post.
5. Public Trust is satisfied that it is advisable that Public Trust elects to be the manager of the Property under Part VII of the Public Trust Act 2001.

Now therefore Public Trust in exercise of the authority conferred on it by section 101(1) of the Public Trust Act 2001, hereby elects to be Manager of the Property.

Schedule

Sale proceeds totalling $31,415.90.

Dated at Wellington this 3rd day of June 2025.

Signed on behalf of Public Trust by an authorised signatory:
KAYLENE WINSTANLEY, Manager Support Services, Public Trust Wellington.