18 November 2005
capital pictures Liquidated
Statement made by Mark Hotchin, Chairman Hanover Group
Interests associated with Eric Watson and Mark Hotchin have placed Capital Pictures Limited into solvent liquidation.
Capital Pictures is an investor in the film River Queen. River Queen is currently being marketed to the international
film market and is expected to be released in New Zealand in early 2006.
Capital Pictures has also recently been amalgamated with a number of non-active entities from Hanover Group which has
allowed the Group to rationalise and simplify its structure in an effort to minimise future administration costs.