Espresso 124 Limited (in receivership) Notice of Appointment of Receivers and Managers Glen Allan Stapley and Edwin Peter Post, chartered accountants, both of Christchurch (``the receivers''), hereby give notice that on the 6th day of November 1998, they were appointed by Australian Guarantee Corporation (NZ) Limited (``the debenture holder'') as receivers and managers of the undertaking, property and assets of Espresso 124 Limited in favour of the debenture holder, pursuant to the powers contained in the debenture dated the 2nd day of October 1996. The Office Address of Receivers and Managers is at the Office of: Duns & Partners, Price Waterhouse Centre, Level Sixteen, 119 Armagh Street, Christchurch. Dated this 12th day of November 1998. G. A. STAPLEY, Joint Receiver. E. P. POST, Joint Receiver.