Aotea Shipping NZ Limited Notice of Appointment of Receiver and Manager Pursuant to Section 8 of the Receiverships Act 1993 Frontline Finance Limited, a duly incorporated company having its registered office at Newmarket, Auckland, on the 30th day of April 1999, appointed John Lawrence Vague and Leearna Michelle Waghorne, chartered accountants of Auckland, as receivers and managers of the property of Aotea Shipping NZ Limited, under the powers contained in a debenture dated the 4th day of December 1998, which property consists of all of the company's undertaking, property and assets, wherever situated. Officer of the Receiver is: Care of McDonald Vague & Partners, Fifth Floor, 80 Greys Avenue, Auckland. Dated this 30th day of April 1999. JOHN L. VAGUE, Receiver.