Notice of Exemption Fletcher Challenge Group The commission, pursuant to section 81 of the Electricity Industry Reform Act 1998 (``the EIR Act''), exempts Fletcher Challenge Group from the application of section 17 of the EIR Act in relation to its current involvements in electricity supply businesses and electricity lines businesses as described in an application to the commission dated 22 June 1999. The following entities are included in the group, and therefore, this exemption: Fletcher Challenge Limited; Fletcher Challenge Power Limited; Tasman Pulp and Paper Company Limited; Fletcher Challenge Forests Limited; Fletcher Challenge Energy; Fletcher Property Limited; Fletcher Wood Panels Limited; Firth Industries Limited; Winstone Aggregates Limited; and Golden Bay Cement Limited. The exemption is subject to the following terms and conditions: (a) The exemption applies from 1 July 1999 until 5 p.m. on the day on which the commission gives its determination in the Fletcher Challenge Group's application for permanent exemption. (b) The Fletcher Challenge Group will not acquire any new involvements in lines businesses which involve the conveyance of electricity to third parties without notifying the commission. (c) The Fletcher Challenge Group shall be in full compliance with section 17 of the EIR Act on expiration of this exemption. The exemption takes effect from the date of publication of this notice in the New Zealand Gazette. The commission may vary or revoke this exemption at any time in accordance with section 81 (5) of the EIR Act.