R & L Holdings Limited DN. 157857 Notice of Appointment of Receivers and Managers Pursuant to Section 8 of the Receiverships Act 1993 Matthew David Taylor and Evan Scott Taylor, chartered accountants, whose offices are at Taylor McLachlan, Chartered Accountants, 44 York Place Dunedin, hereby give notice that on the 10th day of September 1999, Bank of New Zealand appointed them as receivers and managers of the property of R & L Holdings Limited, under the powers contained in an instrument dated the 26th day of June 1995. The receivers and managers have been appointed in respect of all of the company's real and personal property and all its assets and effects, whatsoever and wheresoever, both present and future, including its uncalled and unpaid capital. M. TAYLOR, Joint Receiver and Manager.