Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 UDC Finance Limited, a duly incorporated company having its registered office at Wellington, on the 12th day of September 1995, appointed Thomas Haines Wilson and Barrie Miles Owen, chartered accountants of Tauranga, as receivers and managers of the property at Bay Coachlines Limited under the powers contained in a debenture, dated the 3rd day of August 1993, which property consists of all freehold and leasehold land, fixed plant and machinery, patents, trade names, unpaid and uncalled capital and goodwill and all other assets. Office of the receiver is care of KPMG Peat Marwick, Fifth Floor, NZI Building, 35 Grey Street, Tauranga. Dated this 14th day of September 1995. T. H. WILSON, Joint Receiver.