Notice of Appointment of Receiver Pursuant to Section 3 of the Receiverships Act 1993 In the matter of the Receiverships Act 1993, and in the matter of Valley Group Limited: Anthony Rex Mundy, nurseryman of Kerikeri, hereby gives notice that on the 17th day of May 1996, he appointed Warwick John Ainger, chartered accountant of Christchurch, as receiver of the property of this company under the powers contained in an instrument dated the 6th day of June 1995. The receiver has been appointed in respect of all the company's undertaking and all its real and personal property and all its assets, whatsoever, both present and future, including its uncalled and unpaid capital. Dated this 20th day of May 1996. A. R. MUNDY.