Seedbank NZ Limited (in receivership) (``Seedbank'') Notice of Appointment of Receivers Pursuant to Section 8 (1) (b) of the Receiverships Act 1993 Notice is hereby given that on the 4th day of September 1997, Gary Traveller and John Howard Ross Fisk, chartered accountants of Wellington, were appointed to act jointly and severally as receivers and managers of the property of Seedbank, under the powers contained in a debenture dated the 22nd day of March 1995. The receivers and managers have been appointed in respect of all Seedbank's undertakings and all its property and assets, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. The offices of the receivers and managers are at Price Waterhouse, Level Five, Price Waterhouse Centre, 1117 Church Street (P.O. Box 766), Wellington. Please direct inquiries to Marcus Hyde at the above address or on Telephone (04) 385 5255 or Facsimile (04) 473 7515. Dated this 4th day of September 1997. GARY TRAVELLER, Receiver and Manager.