Appointment of Receiver and Manager In the matter of Water Action Gear Limited (in receivership): Notice is hereby given that, pursuant to a debenture dated the 22nd day of October 1996, given by Water Action Gear Limited in its favour, Jaggar Holdings Limited has appointed John Francis Managh, insolvency specialist of Napier, as receiver and manager of the property of Water Action Gear Limited on the 9th day of March 1999, under the powers contained in the said debenture. The property in respect of which the receiver and manager has been appointed is all of the company's undertaking, property and assets, wherever situated, both present and future, including uncalled and unpaid capital. The Offices of the Receiver and Manager are: Level Two, 24 Bower Street (P.O. Box 1022), Napier. Telephone: (06) 835 6280. Facsimile: (06) 835 6280. Mobile: (025) 403 902. Dated the 15th day of March 1999. JOHN MANAGH, Receiver and Manager.