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NMW`s Letter to ANZ Bank re: Appointing a Receiver

Document date:  Mon 30 Jul 2001
Published:  Mon 30 Jul 2001 00:00:00
Document No:  129615
Document part:  A
Market Flag:  N
Classification: 

NORMANS WINES LIMITED                         2001-07-30  ASX-SIGNAL-G

HOMEX - Adelaide                                                      

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You are aware of the situation that Normans Wine Ltd has been in for
some time. It is only today that the Board has reached the view that
deals being negotiated to attract long-term equity are not going to
eventuate within the necessary timeframe.

It is based on this view that we request that you appoint a Receiver
to the company. Furthermore we request that you appoint Mr John Spark
and Mr Bruce Carter of Ferrier Hodgson to undertake that role.

You have the ongoing commitment of Management and the Board to assist
with this process.


BY ORDER OF THE BOARD

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