Peart Holdings Limited Notice of Appointment of Receivers and Managers Pursuant to the Receiverships Act 1993 On the 5th day of March 1999, Scottish Pacific Business Finance Limited, being the holder of a debenture dated the 12th day of August 1998, and registered at the Companies Office at Auckland on the 14th day of August 1998, issued to it by Peart Holdings Limited (``the company''), appointed Robert Gordon Foster and Malcolm David Innes-Jones, chartered accountants, both of Auckland, jointly and severally as receivers and managers of all the undertaking, property and assets of the company. Dated this 12th day of March 1999. ROBERT GORDON FOSTER. MALCOLM DAVID INNES-JONES. The Receivers and Managers Address is: BDO Auckland, 122 Wairau Road, Takapuna, Auckland.