Changes in Carter-Wallace Operations in New Zealand As from the 1st day of April 1998, all of the business previously carried on by Carter-Wallace, Inc. has been transferred to a new company called Carter-Wallace (N.Z.) Inc. It has taken over responsibility for all of Carter-Wallace, Inc.'s obligations in New Zealand. This step has been necessitated as a result of financial reporting requirements in New Zealand. As a result, Carter-Wallace, Inc. will cease to carry on business in New Zealand with effect from the 31st day of July 1998. This notice is given under section 341 of the Companies Act 1993. CARTER-WALLACE, INC., By its Solicitors, Russell McVeagh McKenzie Bartlett & Co.