S H A R E H O L D E R   C I R C U L A R
 
  Circular Dated 26 September 2007
     
  Circular Dated 5 October 2004
     
  Notice of Annual General Meeting 2004
     
  Notice of Special General Meeting 2004
     
  Circular Dated 27TH MARCH, 2003
     
  Notice of Special General Meeting 2003
     
  Circular Dated 29TH OCTOBER, 2002
     
  Proposed Change of Name of the Company to "BIL International Limited"
     
  Notice of Special General Meeting 2001
     
Proposal of Transfer of Shares to Singapore Exchange

"The Circular deals with the transfer of shares from the New Zealand, Australian and London Stock Exchanges to the Singapore Stock Exchange.

Please note that shareholders are required to respond by 3.00pm (NZT) on Friday 24 March 2000."