Exhibit 10 for Second Affidavit of Craig David Crosbie - Arnold Bloch ...

Administrators’ court applicationThe Administrators are currently in the process of assessing the viability of the variousSchemes and are running an Expressions of Interest (EOl) campaign. The outcome ofthis process will not be known until early February 2011, with the second meeting ofcreditors to be held in the latter part of February 2011. During the intervening period,the Administrators need to incur costs, namely:(a)(b)(c)(d)(e)statutory maintenance;wages of certain Willmott employees required by the Administrators;other employee-related expenditure, including the cost of leasing,utilities, amenities, telecommunications and transport;a proportion of the general operating costs (the balance of such costsbeing borne by the Receivers & Managers); andthe Administrators’ fees and disbursements, including professionalconsultants, experts and legal fees.The Administrators are in the process of obtaining court direction in regard to theincurring of these costs. A full copy of an Affidavit sworn by Craig Crosbie is attachedat Appendix 1, which explains the background to the Willmott Group, the relevantSchemes, the process which the Administrators are following, including the analysis ofthe Schemes and the EOl process, the incurring of the above costs and therequirement for credit to be raised to meet these costs.Credit applicationGiven the above, the Administrators wish to apply for a credit facility of $5 million. Thestructure of the loan will be discussed and agreed with you, however we envisage anoverdraft facility of $500k and market rate type facility of $4.5m.The Administrators’ estimated cashflow is attached at Appendix 2, which details thetypes of costs to be incurred (subject to court approval). The cashflow estimates costsof approximately $4.9 million, noting headroom allowance of $lOOk (or 2%) has beenincluded in the funding request bringing the total funding required to $5 million.There is currently uncertainty as to whether some costs identified in the cashflow willbe incurred or, if so, whether the full value identified will need to be expended. Thosecosts include fire prevention/statutory costs ($402k) and fire suppression ($100k).Greater clarity around such costs is expected over the coming days, however theyhave been included in the cashflow at this stage.Following credit approval, the Administrators will require the provision of the overdraftcomponent of this funding request ($500k) at your earliest convenience, with thebalance of funding ($4.5m) to be made available for drawdown. We presume this willrequire an acceptable Bank sworn valuation of the Bombala land and the relevantsecurities being in order (discussed below).

SecuritySection 443A of the Corporations Act 2001 (Act) states, inter alia, that an Administratorof a company is liable for debts incurred in respect of money borrowed and interest inrespect of money borrowed. Additionally, section 443D of the Act states that anAdministrator is entitled to be indemnified out of a company’s property. Accordingly,the Administrators intend to raise the debt funding identified herein by providingsecurity over Willmott’s primary uncharged asset, being the Bombala land.The Receivers & Managers confirmed that the Bombala land was excluded from theBanking Syndicate’s security by way of letter to the former Administrator dated 24September 2010. This letter is attached at Appendix 3.We understand that the Bombala land has historically been valued annually bySutherland Farrelly Pty Ltd or M3 Property Pty Ltd (M3). The Bombala land wasvalued by M3 at c$52 million at 30 June 2010. A full copy of this valuation is attachedat Appendix 4.A Land Report completed by M3 and dated 31 August 2010 ascribed a range of valuesfor land in the Bombala area from $1,000 to $2,900 per hectare and that the majority ofproperties reflected a value of $1,900 per hectare (gross). A full copy of this valuationis attached at Appendix 5.Loan termThe Administrators will be in a position to fully repay the loan sought following thesuccessful realisation of Willmott’s interest in the Bombala land. Given thecomplexities of the administration, the timing of the realisation of the Bombala land iscurrently uncertain, however we expect this process could take between 9 to 12months to complete.We would be happy to meet with you to discuss any aspect of this credit application.(03s loan request at your earliest convenience by contacting BarryYoCraig Crosbi& Ian CarsonAdministrators

PBY EMAIL: Suzy.Q.W1egard@nab.com.au7 December 2010Ms S WiegardSenior PartnerNational Australia BankLevel 2, 330 Collins StreetMELBOURNE VIC 3000Dear Ms WiegardWILLMOTT FORESTS LIMITEDACN 063 263 650(ADMINISTRATORS APPOINTED)(RECEIVERS AND MANAGERS APPOINTED) (’WiIImott)The purpose of this letter is to seek finance from the Bank to fund the Administration ofWillmott. Detailed below we have set out the background to this request and otherrelevant information.BackgroundWillmott is a plantation land and forestry group with a history spanning more than 30years. Willmott, whose head office is based in South Melbourne, Victoria, managesapproximately 56,000 hectares of planted forest, including approximately 40,000hectares of owned land. The plantations are held through 8 public ManagedInvestment Schemes (Schemes) and 29 private Schemes in which approximately6,300 grower investors have invested in excess of $300 million.Willmott and its wholly owned subsidiaries (Willmott Group) have provided securityover most assets in favour of the Commonwealth Bank of Australia Ltd and St GeorgeBank Ltd (Banking Syndicate). Specifically excluded from the Banking Syndicate’ssecurity is approximately 26,000 hectares of land in Bombala, NSW (Bombala Land).On 6 September 2010 Bryan Webster, Mark Korda and Mark Mentha were appointedReceivers and Managers and Mr Avitus Fernandez was appointed Administrator of theWillmott Group.On 26 October 2010 the Federal Court of Australia appointed Ian Carson and CraigCrosbie as Administrators of the Willmott Group. This appointment replaced that of MrFernandez.Level 21. 181 WiWarn StreetMelbourne VEC 3000F: +613 9269 4000F: –61 3 9269 4099www.opbovorv.comPPBPty Ltd tadnyas PPbAMuory AEM772 1471Uability dmitud by uchunie approved undu Professonat StQndard.9 LuguatiouPPt3 Ply Ltd has auuouheed but indeoendent ent ities and partoorships

Administrators’ court applicationThe Administrators are currently in the process of assessing the viability of the variousSchemes and are running an Expressions of Interest (EOl) campaign. The outcome ofthis process will not be known until early February 2011, with the second meeting ofcreditors to be held in the latter part of February 2011. During the intervening period,the Administrators need to incur costs, namely:(a)(b)(c)(d)(e)statutory maintenance;wages of certain Willmott employees required by the Administrators;other employee-related expenditure, including the cost of leasing,utilities, amenities, telecommunications and transport;a proportion of the general operating costs (the balance of such costsbeing borne by the Receivers & Managers); andthe Administrators’ fees and disbursements, including professionalconsultants, experts and legal fees.The Administrators are in the process of obtaining court direction in regard to theincurring of these costs. A full copy of an Affidavit sworn by Craig Crosbie is attachedat Appendix 1, which explains the background to the Willmott Group, the relevantSchemes, the process which the Administrators are following, including the analysis ofthe Schemes and the EOl process, the incurring of the above costs and therequirement for credit to be raised to meet these costs.Credit applicationGiven the above, the Administrators wish to apply for a credit facility of $5 million. Thestructure of the loan will be discussed and agreed with you, however we envisage anoverdraft facility of $500k and market rate type facility of $4.5m.The Administrators’ estimated cashflow is attached at Appendix 2, which details thetypes of costs to be incurred (subject to court approval). The cashf low estimates costsof approximately $4.9 million, noting headroom allowance of $lOOk (or 2%) has beenincluded in the funding request bringing the total funding required to $5 million.There is currently uncertainty as to whether some costs identified in the cashflow willbe incurred or, if so, whether the full value identified will need to be expended. Thosecosts include fire prevention/statutory costs ($402k) and fire suppression ($100k).Greater clarity around such costs is expected over the coming days, however theyhave been included in the cashflow at this stage.Following credit approval, the Administrators will require the provision of the overdraftcomponent of this funding request ($500k) at your earliest convenience, with thebalance of funding ($4.5m) to be made available for drawdown. We presume this willrequire an acceptable Bank sworn valuation of the Bombala land and the relevantsecurities being in order (discussed below).

SecuritySection 443A of the Corporations Act 2001 (Act) states, inter aDa, that an Administratorof a company is liable for debts incurred in respect of money borrowed and interest inrespect of money borrowed. Additionally, section 443D of the Act states that anAdministrator is entitled to be indemnified out of a company’s property. Accordingly,the Administrators intend to raise the debt funding identified herein by providingsecurity over Willmott’s primary uncharged asset, being the Bombala land.The Receivers & Managers confirmed that the Bombala land was excluded from theBanking Syndicate’s security by way of letter to the former Administrator dated 24September 2010. This letter is attached at Appendix 3.We understand that the Bombala land has historically been valued annually bySutherland Farrelly Pty Ltd or M3 Property Pty Ltd (M3). The Bombala land wasvalued by M3 at c$52 million at 30 June 2010. A full copy of this valuation is attachedat Appendix 4.A Land Report completed by M3 and dated 31 August 2010 ascribed a range of valuesfor land in the Bombala area from $1,000 to $2,900 per hectare and that the majority ofproperties reflected a value of $1,900 per hectare (gross). A full copy of this valuationis attached at Appendix 5.Loan termThe Administrators will be in a position to fully repay the loan sought following thesuccessful realisation of Willmott’s interest in the Bombala land. Given thecomplexities of the administration, the timing of the realisation of the Bombala land iscurrently uncertain, however we expect this process could take between 9 to 12months to complete.We would be hap y to meet with you to discuss any aspect of this credit application.Pleas r spo tot is loan request at your earliest convenience by contacting BarryWigh o (03) 269 266You s ithfu VCraig Crosbi & Ian CarsonAdministrator

OPPBAE)vismy 7 December 2010BY EMAIL: Jason.mares@anz.comMr MaresState DirectorAustralia and New Zealand Banking GroupLevel 12, 20 Martin PlaceSYDNEY NSW 2000Dear Mr MaresWILLMOTT FORESTS LIMITEDACN 063 263 650(ADMINISTRATORS APPOINTED)(RECEIVERS AND MANAGERS APPOINTED) (’Willmott’)The purpose of this letter is to seek finance from the Bank to fund the Administration ofWillmott. Detailed below we have set out the background to this request and otherrelevant information.BackgroundWillmott is a plantation land and forestry group with a history spanning more than 30years. Willmott, whose head office is based in South Melbourne, Victoria, managesapproximately 56,000 hectares of planted forest, including approximately 40,000hectares of owned land. The plantations are held through 8 public ManagedInvestment Schemes (Schemes) and 29 private Schemes in which approximately6,300 grower investors have invested in excess of $300 million.Willmott and its wholly owned subsidiaries (Willmott Group) have provided securityover most assets in favour of the Commonwealth Bank of Australia Ltd and St GeorgeBank Ltd (Banking Syndicate). Specifically excluded from the Banking Syndicate’ssecurity is approximately 26,000 hectares of land in Bombala, NSW (Bombala Land).On 6 September 2010 Bryan Webster, Mark Korda and Mark Mentha were appointedReceivers and Managers and Mr Avitus Fernandez was appointed Administrator of theWillmott Group.On 26 October 2010 the Federal Court of Australia appointed Ian Carson and CraigCrosbie as Administrators of the Willmott Group. This appointment replaced that of MrFernandez.Level 21,181 William StreetMeLbourne VIC 3000+61 3 9269 4000+613 9269 4099PE3Pty Lrd tr& ngs PPBAdvisory 4BN67 72 1134 7113Liability limited by a scheme approved under Prufe iraStaad -ds LegislationPPB Pry Ltd has associated but indepeadrt eadriva and prtnershps

Administrators’ court applicationThe Administrators are currently in the process of assessing the viability of the variousSchemes and are running an Expressions of Interest (EOl) campaign. The outcome ofthis process will not be known until early February 2011, with the second meeting ofcreditors to be held in the latter part of February 2011. During the intervening period,the Administrators need to incur costs, namely:(a)(b)(c)(d)(e)statutory maintenance;wages of certain Willmott employees required by the Administrators;other employee-related expenditure, including the cost of leasing,utilities, amenities, telecommunications and transport;a proportion of the general operating costs (the balance of such costsbeing borne by the Receivers & Managers); andthe Administrators’ fees and disbursements, including professionalconsultants, experts and legal fees.The Administrators are in the process of obtaining court direction in regard to theincurring of these costs. A full copy of an Affidavit sworn by Craig Crosbie is attachedat Appendix 1, which explains the background to the Willmott Group, the relevantSchemes, the process which the Administrators are following, including the analysis ofthe Schemes and the EOI process, the incurring of the above costs and therequirement for credit to be raised to meet these costs.Credit applicationGiven the above, the Administrators wish to apply for a credit facility of $5 million. Thestructure of the loan will be discussed and agreed with you, however we envisage anoverdraft facility of $500k and market rate type facility of $4.5m.The Administrators’ estimated cashflow is attached at Appendix 2, which details thetypes of costs to be incurred (subject to court approval). The cashflow estimates costsof approximately $4.9 million, noting headroom allowance of $lOOk (or 2%) has beenincluded in the funding request bringing the total funding required to $5 million.There is currently uncertainty as to whether some costs identified in the cashflow willbe incurred or, if so, whether the full value identified will need to be expended. Thosecosts include fire prevention/statutory costs ($402k) and fire suppression ($lOOk).Greater clarity around such costs is expected over the coming days, however theyhave been included in the cashf low at this stage.Following credit approval, the Administrators will require the provision of the overdraftcomponent of this funding request ($500k) at your earliest convenience, with thebalance of funding ($4.5m) to be made available for drawdown. We presume this willrequire an acceptable Bank sworn valuation of the Bombala land and the relevantsecurities being in order (discussed below).

SecuritySection 443A of the Corporations Act 2001 (Act) states, inter alia, that an Administratorof a company is liable for debts incurred in respect of money borrowed and interest inrespect of money borrowed. Additionally, section 443D of the Act states that anAdministrator is entitled to be indemnified out of a company’s property. Accordingly,the Administrators intend to raise the debt funding identified herein by providingsecurity over Willmott’s primary uncharged asset, being the Bombala land.The Receivers & Managers confirmed that the Bombala land was excluded from theBanking Syndicate’s security by way of letter to the former Administrator dated 24September 2010. This letter is attached at Appendix 3.We understand that the Bombala land has historically been valued annually bySutherland Farrelly Pty Ltd or M3 Property Pty Ltd (M3). The Bombala land wasvalued by M3 at c$52 million at 30 June 2010. A full copy of this valuation is attachedat Appendix 4.A Land Report completed by M3 and dated 31 August 2010 ascribed a range of valuesfor land in the Bombala area from $1,000 to $2,900 per hectare and that the majority ofproperties reflected a value of $1,900 per hectare (gross). A full copy of this valuationis attached at Appendix 5.Loan termThe Administrators will be in a position to fully repay the loan sought following thesuccessful realisation of Willmott’s interest in the Bombala land. Given thecomplexities of the administration, the timing of the realisation of the Bonibala land iscurrently uncertain, however we expect this process could take between 9 to 12months to complete.We would be happy to meet with you to discuss any aspect of this credit application.WighorJ (03to tiis loan request at your earliest convenience by contacting BarryCraig Crosbi& Ian CarsonAdministrars to

IN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERS APPOINTED)(ADMINISTRATORS APPOINTED)ACN 063 263 650IN ITS PERSONAL CAPACITY AND IN ITS CAPACITY AS RESPONSIBLE ENTITY OFEACH OF THE MANAGED INVESTMENTS SCHEMES LISTED IN SCHEDULE I AND INITS CAPACITY AS MANAGER OF THE UNREGISTERED MANAGED INVESTMENTSCHEMES LISTED IN SCHEDULE 2First PlaintiffCRAIG DAVID CROSBIESecond PlaintiffIAN MENZIES CARSONThird PlaintiffAFFIDAVIT OF CRAIG DAVID CROSBIEDATED 25 NOVEMBER 2010TABLE OF CONTENTSDocument Details Paragraphnumber1 Affidavit of Craig David Crosbie in support ofapplication for orders and directions sworn on 25November 2010.2 CDC-1, being copies of the historical company 2extracts for each of the companies in Willmott Groupof Companies dated 24 November 20103 CDC-2, being a copy of the directors’ Report as to 11Affairs dated 6 September 20104 CDC-3, being a copy of the Order of the Honourable 18Justice Finkelstein dated 26 October 20105 CDC-4, being a computer disc containing the 19constituent documents for the WiIImott Schemes andan index of the documents on that computer disc6 CDC-5, being copies of the advertisements published 47Filed on behalf of the PlaintiffsARNOLD BLOCH LEIBLERLawyers and AdvisersLevel 21333 Collins StreetMelbourne 3000DX 38455 MelbourneTel: 9229 9999Fax: 9229 9900Ref: 01-1565015(Leon Zwier Izwier@abl.com.au )ABU1 278451 v3

2on 12, 16 and 18 November 20107 CDC-6, being a copy of Kings Insurance email 56correspondence dated 23 November 20108 CDC-7, being a copy of the transcript of proceeding 68V1D836/2010 on 26 October 20109 CDC-8, being a copy of the Administrators’ first 69remuneration reportOn 25 November 2010 I, CRAIG DAVID CROSBIE of Level 21, 181 William Street,Melbourne, Victoria 3000, Chartered Accountant, SAY ON OATH that:II am the Second Plaintiff in this proceeding. Ian Carson and I are the voluntaryadministrators of:(a)the First Plaintiff (WFL);(b) Willmott Finance Pty Ltd (ACN 081274 811);(c) Willmott Forest Products Pty Ltd (ACN 103 019 094);(d) Willmott Forests Investment Management Pty Ltd (ACN 098 718 837);(e) Willmott Forests Nominees Pty Ltd (AGN 085 588 772);(f) Willmott Energy Pty Ltd (ACN 130 251 759);(g) Wilmott Subscriber Pty Ltd (ACN 134 963 027);(h) Bioenergy Australia Pty Ltd (ACN 096 335 901)’(I) Bioforest Limited (ACN 096 335 876);(j) Willmott Notes Pty Ltd (ACN 134 963 036)(together, Willmott Group of Companies)2 Now produced and shown to me and marked "CDC-1" is a copy of the historicalcompany extracts for each of the companies in Willmott Group of Companies.3 Except where I otherwise indicate, I make this affidavit from my own knowledge.Where I depose to matters from information and belief, I believe those matters to betrue. I am authorised by Mr Carson to make this affidavit on his behalf. Reference inthis affidavit to "we", "us", "our" or "ourselves" is a reference to Mr Carson and me.L/12784514

5exception of these assets, the Receivers currently control all the assets identified inthe RATA.13 On 6 September2010, Avitus Thomas Fernandez (First Administrator) wasappointed as voluntary administrator of the Willmott Group of Companies pursuant tosection 436A of the Corporations Act 2001 (Cth) (the Act).14 On 24 September 2010, the Receivers’ appointment as receivers and managers ofthe property listed in Schedule 1 to this Affidavit (Excluded Property (RegisteredSchemes)) was terminated pursuant to deeds entitled "Partial Termination ofReceivers" between the Receivers and the secured creditors of the Willmott Groupexecuted on 24 September 2010. The Excluded Property (Registered Schemes)includes WFL’s rights, title and interest in respect of its role as the responsible entityof the Registered Schemes.15 On 24 September 2010, as a result of the termination of the Receivers’ appointmentdescribed in paragraph 14, the First Administrator also assumed control of theExcluded Property (Registered Schemes), including WFL’s rights and obligations asresponsible entity of the Registered Schemes.16 On 12 October 2010, the Receivers’ appointment as receivers and managers of theproperty listed in Schedule 2 to this Affidavit (Excluded Property (UnregisteredSchemes)) was terminated pursuant to deeds entitled "Deeds of Partial Termination"between the secured creditors of the Willmott Group and the Receivers executed on12 October 2010. The Excluded Property (Unregistered Schemes) included WFL’srights and obligations as manager of 22 of the 29 Unregistered Schemes (ExcludedUnregistered Schemes). Seven of the Unregistered Schemes remain in theReceivers’ control.17 On 12 October 2010, as a result of the partial termination of the Receivers’appointment described in paragraph 16, the First Administrator assumed control ofthe Excluded Property (Unregistered Schemes), including the First Plaintiffs rightsand obligations as manager of the Excluded Unregistered Schemes. I refer to theRegistered Willmott Schemes and the Excluded Unregistered Schemes together as"Willmott Schemes".c18 On 26 October 2010, by order of the Federal Court of Australia, the FirstAdministrator was removed as voluntary administrator and Mr Carson and I wereappointed as joint and several voluntary administrators of each of the Wiltmott GroupABLI1278451v3

N.of Companies (Administrators). Now produced and shown to me and marked"CDC-3" is a copy of the Order of the Honourable Justice Finkelstein dated 26October 2010 (Orders).The Schemes19 The Administration of the Willmott Group is very complex. This is, in part, due to theexistence of the Willmott Schemes. The documents constituting the WillmottSchemes are voluminous. Now produced and shown to me and marked "CDC-4" isa computer disc containing the constituent documents for the Willmott Schemes andan index of the documents on that computer disc.20 Unlike other managed investment schemes, the Growers in the Willmott Schemespaid all of their relevant fees "upfront" and are not obliged to make furthercontributions to the Willmott Schemes. In other words, Growers have no currentobligations to make any further payments to WFL. However, WFL has ongoingobligations to Growers.Registered Schemes21 The Registered Schemes differ from scheme to scheme in that there are differenttypes of constituent documents, different species of trees and the rights of theGrowers in each scheme differ.22 Some of the Registered Schemes were continuous offer schemes, extending overmultiple years, with a new prospectus or product disclosure statement issued in eachyear. In effect, there are multiple projects within the one Registered Scheme.23 Other Registered Schemes extended only for a specific year, with only one productdisclosure statement being issued. While most of the Registered Schemes take theform of contract-based schemes between the Growers and the Responsible Entity,one Project is in the form of a unit trust. While WFL is the responsible entity for mostof the registered schemes, BioForest Limited is the Responsible Entity of two of theRegistered Schemes.24 The contract-based schemes in general terms involve Growers entering into a leasec(which may have been executed pursuant to a land sourcing agreement) of land onQwhich they are entitled to plant and grow trees. The Growers also enter into adevelopment and maintenance agreement in relation to the trees. In some schemes,there is also a forestry rights agreement. Some Growers also entered into loanABLI1278451v3

48 The leasing arrangements with HVP form part of an arrangement comprising fourrelevant types of agreements for each Willmott Scheme:(a)(b)(c)(d)a relationship agreement which sets out the general agreement between WFLand HVP for the establishment and management of pine plantations;a lease which governs the lease of specific parcels of land;a forest property agreement pursuant to which ownership of the "forestproperty" (ie the trees) vests in Willmott Forests Investment Management PtyLtd (WFIM) as agent for the investors in the Willmott Schemes (Growers) andHVP acknowledges that it has no interest in the forest property; anda forestry management agreement pursuant to which WFL grants the rights tomanage the forests to Grand Ridge Plantations Pty Ltd and HVP and providesthem with a licence to access and use the land for this purpose.9 Under the leasing arrangements with Forests NSW, WFL leases land from ForestsNSW and Forests NSW provides forestry management services in respect of thatland. Forests NSW also enters into a forestry rights agreement with WFIM, pursuantto which WFIM owns all the Trees and Timber from the plantation.10 There are a large number of individual leases and forest property agreements thatform part of these arrangements which the administrators are currently reviewing.11 Now produced and shown to me and marked "CDC-2" is a copy of the directors’Report as to Affairs dated 6 September 2010 (RATA). As detailed in the RATA, thedirectors of WFL consider that WFL has approximately $51.7m worth of land assets,$64.1 m owed by sundry debtors, $7.3m cash at bank, $1.6m worth of stock, $2.4m inplant and equipment and $95m in other assets.The Appointment of the Administrators and Receivers12On 6 September 2010, Mark Korda, Bryan Webster and Mark Mentha ofKordaMentha (Receivers) were appointed as joint and several receivers andmanagers of all of the charged property of the Willmott Group of Companies(Charged Property). The Charged Property expressly excludes the Bombala Landand scheme property or trust property associated with the Willmott Registered andthe Willmott Unregistered Schemes. A valuation conducted on 30 June 2010 valuesthe Bombala Land at $52.1m. We have yet to verify this valuation. With theABL/1278451v3041,

3General BackgroundAdministrators’ Experience4 I have been a partner of the firm PPB since 2002. I am a Registered Liquidator andan Official Liquidator of the Court. I am a member of the Institute of CharteredAccountants, the Australian Institute of Company Directors and the InsolvencyPractitioners Association of Australia. I also hold a Bachelor of Business. I haveworked in corporate insolvency for over 21 years, during which time I have beeninvolved in a number of large and complex external administrations including theadministration of the Bill Express group of companies, the Global CampusManagement group of companies and the Media World group.The Willmott Group of Companies and the Wilimoft Schemes5 WFL acts as the responsible entity and manager of 8 registered (WillmottRegistered Schemes) and 29 unregistered (Willmott Unregistered Schemes)managed investment schemes. The Willmott Group of Companies’ core activitiesinclude establishing, managing, harvesting, processing and supplying timber productsfrom plantation grown resources on behalf of shareholders, unit holders and schememembers. The Willmott Group of Companies has three primary regional plantationoperations:(a)(b)(c)softwood pine operations in Bombala and Murray Valley regions in New SouthWales and throughout the major softwood growing regions of Victoria;she-oak and silky oak operations in Northern New South Wales and SouthernQueensland; andAfrican mahogany operations in the Douglas-Daly region of the NorthernTerritory.6 The Willmott Registered and Willmott Unregistered Schemes are operated on landwhich is either freehold land (approximately 62,000 hectares) owned by WFL orleasehold/ third party land (over 15,000 hectares) leased or managed by WFL fromthird parties. Approximately 27,600 hectares of WFL’s freehold land isunencumbered (Bombala Land).7 The leased land is owned by Hancock Victorian Plantations Pty Ltd (WP) or ForestryCommission of New South Wales (Forests NSW).ABU1278451v3

7agreements to fund their investments and the term of the loan can vary both betweenRegistered Schemes and within the same Registered Scheme, with loans between 3and 12 years across the Registered Schemes. The unit trust scheme involvesGrowers acquiring units in a unit trust which owns the trees.25 In summary:(a)(b)(c)(d)the Willmott Forests 1989 - 1991 Project (ARSN 092 516 651) was offeredover three years, with a prospectus being issued in 1989, 1990 and 1991 andan information memorandum in 1990. The project related to pine plantations.WFL is the responsible entity;the Willmott Forests 1995-1999 Project (ARSN 089 598 612) was offered overfive years, with a prospectus being issued in 1995, 1996, 1997, 1998 and1999. The project related to pine plantations. WFL is the responsible entity;the Willmott Forests Project (ARSN 089 379 975) was offered over eightyears, with a prospectus issued in 1999, 2001, 2002, and 2003, twoprospectuses in 2000, a product disclosure statement in 2004, 2006 and2007. The project related to pine plantations. WFL is the responsible entity;the Bioforest Dual Income Project 2006 (ARSN 119 153 623) was offered in2006 pursuant to a product disclosure statement. The project related to silkyoak plantations. Bioforest Limited is the responsible entity;(e) the Bioforest Sustainable Timber and Biofuel Project 2007 (ARSN 119 153623) was offered in 2006 pursuant to a product disclosure statement. Theproject related to silky oak and she-oak plantations. Bioforest Limited is theresponsible entity;(f) the Willmott Forests Premium Forestry Blend Project (ARSN 131 549 589)was offered in 2008 pursuant to a product disclosure statement. The projectrelated to pine, silky oak and she-oak plantations. WFL is the responsibleentity;(g) the Willmott Forests Premium Forestry Blend - 2010 Project (ARSN 131 549589) was offered in 2010 pursuant to a product disclosure statement. Theproject related to pine, African mahogany and silky oak plantations. WFL isthe responsible entity;ABLI1 278451 v31405

(h)the Willmott Forests Premium Timberland Fund No I was established as aunit trust in 2009 and units in the Fund were offered to Growers pursuant to aproduct disclosure statement. The project related to African mahoganyplantations and also to the ownership of land used by other WillmottSchemes. WFL is the responsible entity.Unregistered SchemesThe Unregistered Schemes are not identical and involve different Wllmott companies.It is not clear whether some or all of the arrangements have been assigned ornovated to WFL. The number of investors in each scheme ranges between I and 73.At this stage, the administrators have not located full documentation in relation tosome of the Unregistered Schemes. Investigations are continuing in this regard.27 The constituent documents for some of the Unregistered Schemes are very basic andinclude short form leases and service agreements. Other Unregistered Schemes aredescribed as partnerships and the constituent documents for those UnregisteredSchemes include a partnership deed, a deed of trust, a lease, a plantation anddevelopment agreement and an establishment and maintenance agreement. Theconstituent documents for some of the later Unregistered Schemes include formalinvestment deeds, leases and forestry management agreements.28 Growers in many of the Unregistered Schemes have entered into loan agreements tofund their investments.KflThe Unregistered Schemes with the basic documentation are:(a)the 1983 "No Project" Scheme, which has 73 investors;(b)(c)(d)(e)(f)(g)the 1984 "No Project" Scheme, which has 24 investors;the 1985 "No Project" Scheme, which has 22 investors;the 1986 "No Project" Scheme, which has 43 investors;the 1987 "No Project" Scheme, which has 31 investors;the 1989 "No Project" Scheme, which has 4 investors;the 1991 "No Project" Scheme, which has 3 investors;QJ/ABL/1 278451 v3M

(h)(i)the 1995 "No Project" Scheme, which has I investors; andthe 2001 "No Project" Scheme, which has 2 investors.30 The "partnership" Unregistered Schemes are:(a) the 1993 McKenzie and Partners - Forestry Partnership No. 1, which has 16investors;(b) the 1994 Grimsey & Associates - Forestry Partnership No. 1, which has 19investors;(c) the 1994 Gnmsey & Associates - Forestry Partnership No. 2, which has 17investors;(d) the 1994 Grimsey & Associates - Forestry Partnership No. 3, which has 18investors; and(e) the 1994 McKenzie and Partners - Forestry Partnership No. 2, which has 12investors.31 The Unregistered Schemes which have formal investment deeds are:(a) the Willrnott Forests - Professional Investor 2001 Scheme, which has 5investors;(b) the Willmott Forests - Professional Investor 2002 Scheme, which has 4investors;(c) the Willrnott Forests - Professional Investor 2003 Scheme, which has 29investors;(d) the Willmott Forests - Professional Investor 2004 Scheme, which has 74investors; and(e) the Willmott Forests - Professional Investor 2006 Scheme, which has 14investors.32 The other Unregistered Schemes are:ABU1 27845 1v3

10(a)(b)the Sharp - Reed Plantation Project - 1998, the constituent documents ofwhich include a lease agreement, preparation and plantation agreement andmaintenance agreement. The project has 2 investors; andthe 2006 Bioforest Wholesale Project No 2 Scheme which has a constitutionsimilar to that used in a registered managed investment scheme. This schemewas only offered to professional and sophisticated investors and has 10investors. It involved silky oak and she-oak plantations. Growers whoinvested in at least 10 Woodlots were also given the right to subscribe forshares in Bloenergy Australia Ltd.WFL Insolvent33 The analysis of the Willmott Group and the Willmott Schemes is ongoing. However,on the basis of the preliminary investigations to date, the Administrators havedetermined that WFL is insolvent and does not have funds available to it to:(a)(b)(c)meet its debts;comply with its statutory obligations as owner or manager of the plantations;andfulfil its obligations to Growers and third parties under the constituentdocuments of the Willmott Schemes.34 In order to discharge our responsibilities to all stakeholders, we consider it isnecessary to retain certain employees of the Willmott Group. In particular we havedecided to retain three plantation employees who work on the Bombala Land toassist the Administrators to comply with the Willmott Group’s statutory maintenanceobligations as described in paragraph 53 below. These employees are:(a)Operations Manager and OHS/Quality Manager (Forestry): who is responsiblefor day-to-day operations and management on the plantations situated on theBombala Land; and(b)two general forestry workers: who are responsible for the maintenance of theplantations situated on the Bombala Land.35 The Willmott Group of Companies has traditionally engaged contractors during thefire season to complete maintenance works. In addition to those employees currentlyABtJ12784510

11retained, we currently intend to engage a number of additional contractors over thefire season to assist with statutory fire maintenance.36 We have also retained two staff members at WFL’s head office, namely a Growerliaison employee and an IT Manager, to assist with Grower-related queries and theAdministrators’ investigations. In addition, the Administrators have access to the staffwho are retained by the Receivers to assist the Administrators to, among otherthings, conduct the viability analysis referred to in paragraph 38 below (TheReceivers may call upon the Administrators to compensate them for any access toemployees under their control).37 The Administrators do not have funds available to pay for these employees andcontractors. As set out in paragraph 63 below, the Administrators intend to borrowfunds to meet these costs and other costs and expenses.Solvency and Viability of Willmott Schemes38 The Administrators, together with WFL’s forestry personnel, are conducting anassessment of the solvency and viability of each of the Willmott Schemes, which isongoing (Solvency Analysis and Viability Analysis). We anticipate that theSolvency and Viability Analysis will take approximately six weeks to complete.39 From our initial investigations, it appears that all of the Willmott Schemes areinsolvent because there is insufficient cash to meet their day-to-day expenditure andthere is no obligation by the Growers to make additional payments.40 The day-to-day management expenditure of the Willmott Schemes includes fireprevention, road maintenance, insurance, weed and pest control, plantationmaintenance, motor vehicle running costs, lease obligations, maintenance ofaccreditations, preparation of plantation condition and maintenance programs andinformation technology and telecommunication expenses.41 Failure by WFL to attend to these tasks has diminished, and will continue to diminish,the value of the Willmott Schemes’ trees. However, the Administrators do not havethe funds available to them to meet these payments.42 In the course of our Viability Analysis, we intend to categorise each of the WillmottSchemes into one of three categories:ABU1 278451 v3

12(a)(b)those schemes which are clearly viable in the long term and which theAdministrators consider ought to be maintained by way of additional voluntaryGrower contributions (Long Term Viable Insolvent Schemes);those schemes which may be viable in the long term but only if furtherinvestment is made in the short term by way of additional voluntary Growercontributions (Potentially Viable Insolvent Schemes); and(c)those schemes which are clearly unviable in the long term, which theAdministrators do not consider any merit in maintaining (Long Term Non-Viable Insolvent Schemes).43 The analysis is complex, as many of the Willmott Schemes are interdependent, beingon shared land. In addition, the Willmott Group’s historical budgets and themanagement of the Willmott Schemes has been on a regional basis and not ascheme-by-scheme basis.44 Once the Viability Analysis is complete, the Administrators intend to write to theGrowers in each of the Willmott Schemes identified as Long Term Viable InsolventSchemes and Potentially Viable Insolvent Schemes to inform them of the analysisand, where appropriate, to invite them, on a voluntary basis, to make financialcontributions based on our analysis. If the vast majority of Growers do not contributethe necessary funds to provide liquidity for those schemes, the Administrators willhave no choice but to immediately seek a new responsible entity, sell the schemeassets or wind up the schemes. The letter to Growers will advise Growers of theseoutcomes.45 The Administrators intend to seek further directions in relation to this process.Ultimately, Growers must provide additional funding for the Willmott Schemes tocontinue, even though they may not be obliged to do so.Overview of Administration46 In addition to the financial analysis of the Willmott Group of Companies and theWillmott Schemes described in paragraphs 33 to 43 above, the Administrators haveengaged in:(a)negotiations with the Willmott Group’s insurance broker to offer growers theopportunity to maintain insurance on the plantations;ABLJ1 278451v3

13(b)(c)(d)(e)(f)(g)(h)(i)liaison with the WiIlmott Action Group and the Willmott Growers Group, whoeach represent investors in the Willmott Schemes;discussions with WFL’s Grower relationship manager in relation to variousGrower-related issues;briefings from the Former Administrator;discussions with forestry employees regarding maintenance requirements;correspondence with the primary lessors of the leased land employed by theWillmott Schemes;implementing and commencing a campaign seeking expressions of interest inthe recapitalisation of, or the appointment of a new responsible entity for, theWillmott Schemes;discussions with stakeholders including the Receivers and the securedcreditors; andadhering to the Administrators’ statutory requirements.Expressions of Interest Campaign47 Because various scheme assets are wasting, we have sought to expedite anexpressions of interest campaign. On 12 November 2010 we published anadvertisement in the Australian in which we sought expressions of interest inassuming the obligations of responsible entity and/or manager for all or any of theWillmott Schemes, a restructure of the Willmott Group’s affairs or its business, or arecapitalisation of the Willmott Group. On 16 and 18 November 2010, we publishedfurther advertisements in the Australian Financial Review (Expressions of InterestCampaign). Now produced and shown to me and marked "CDC-5" are copies ofthe advertisements published on 12, 16 and 18 November 2010 (Advertisements).48 Aaron Finlayson, a Senior Manager at PPB, has had responsibility for coordinatingthe Expressions of Interest Campaign. Mr Finlayson has informed me of the mattersto which I depose below.49 As the Advertisements provide, we have called for responses by no later than 30November 2010. Indicative non-binding offers or proposals are due by 16 December2010. We anticipate that a second stage of due diligence will take place duringABU12784510

14December 2010 and January 2011. As at 23 November 2010, 12 interested partieshad contacted PPB and executed confidentiality agreements.50 It is intended that the interested parties will be granted access from 1 December 2010to an online data room, which contains information regarding the Willmott Schemes.51 Indicative non-binding offers or proposals are due by 16 December 2010. A shortlistof interested parties will be invited to participate in a second round of due diligencefrom 22 December 2010, with binding offers to be submitted by 2 February 2011. Ifapplicable, final documentation is expected to be finalised and executed by 28February 2011.Scheme Maintenance and Statutory Maintenance52 The timber plantations require ongoing maintenance to:(a)(b)(c)comply with the Willmott Group of Companies’ statutory maintenanceobligations;protect the Willmott Group of Companies’ public liability exposure in relation tofire prevention;satisfy the terms and conditions of any insurance policies such that thepolicies remain enforceable; and(d)maintain the current condition of the plantations (as I have described moreparticularly in paragraph 40 above).Extent of Statutory Maintenance and Public Liability53 I am informed by Jane Sheridan of Arnold Bloch Leibler, the Administrators’ solicitors(ABL) that WFL (and any other land owning companies within the Willmott Group ofCompanies) is subject to legislation requiring certain statutory maintenance, such asthe clearing of fire tracks. For example, some of the plantations forming several ofthe Willmott Schemes are registered with the New South Wales Department of Landand Water Conservation as "authorised plantations" pursuant to the Plantations andReaffore station (Code) Regulation 2001 (NSW) and the Plantations andReafforesfation Act 1999 (NSW). WFL, as owner or lessee of the land on which anauthorised plantation is conducted, or as manager of an authorised plantation, mustcomply with prescribed statutory works on those plantations.ABU1278451040~

1554 The Administrators, together with ABL are continuing to review scheme documentsand the relevant legislation in Queensland, Victoria and the Northern Territory todetermine the full extent of WFL’s statutory liability.Extent of Maintenance Required by Insurer55 I directed Michael Carmody, of PPB, to make inquiries regarding the plantationmaintenance required by the Willmott Group’s insurer, Agricola Crop Insurance(Agricola). Mr Carmody told me that, on 19 November 2010, Agricola, through theiragent Paul Kaiser of Kings Insurance Brokers Pty Ltd (Kings Insurance) advisedhim that Agricola would offer insurance through WFL to the investors in the WillmottSchemes, if WFL continued to conduct fire maintenance in accordance with historicalbudgets prepared by Stephen Addicott, who is WFL’s Forest Business Manager. MrCarmody also. told me that we have received the particulars of the costs historicallyincurred by WFL in accordance with these budgets, but have yet to determine thescope of any agreed historical fire maintenance plan.56 By email dated 23 November 2010 from Paul Kaiser, of Kings Insurance to MichaelCarmody, Agricola advised that it would offer insurance to the investors in theWillmott Schemes on the basis of the current state of fire preparedness on theplantations. Now produced and shown to me and marked "CDC-6" is a copy ofKings Insurance email correspondence dated 23 November 2010. We have yet toresolve the exact nature of the maintenance required by the insurer.Extent of General Maintenance Required to Maintain Current Condition of Plantations57 The extent of general maintenance required in relation to each of the WillmottSchemes varies according to the age, species and location of the relevant plantation.The requirement for maintenance also depends upon the individual characteristics ofthe plantation in terms of health, access, silvicultural history and thinning/harvestinghistory.Cost of Maintenance58 I am advised by staff of WFL that the total estimated cost of a care and maintenanceprogram forecast to June 2011 is in the order of $8m. The care and maintenanceprogram is based on an estimated minimum level of maintenance required to fulfilinsurance policy conditions and maintain the current condition of the Plantations. TheAdministrators are working to verify and allocate the costs on a scheme-by-schemebasis.ABU1 278451 v3

W.59 As stated above, the Willmott Group is without funds to pay for any maintenance ofthe plantations.Administrators’ Overdraft60 The Administrators intend to apply to a major trading bank for a credit facility (CreditFacility). The Administrators intend to approach:(a)Commonweath Bank of Australia (CBA);(b)(c)Australia and New Zealand Banking Group; andNational Australia Bank.61 The Administrators propose that the Credit Facility be secured by first rankingmortgage against the Bombala Land.62 The Administrator will select its preferred financier on the basis of the mostcompetitive offer, having regard to both interest rates and the speed with which thefinancier can make funds available for the conduct of the Administration.63 The Administrators intend to use the borrowed funds to pay:(a)(b)(c)statutory maintenance described in paragraph 53 above;wages of those employees required by the Administrators and employeerelatedexpenditure, including the cost of leasing, utilities, amenities,telecommunications and transport together with the Administrators’ share ofgeneral operating costs; andthe Administrators’ fees and disbursements, including professionalconsultants, experts and legal fees.64 The Administrators do not currently intend to use the Credit Facility to pay for generalscheme maintenance as described in paragraphs 55 and 57 above. If theAdministrators determine that it is appropriate to use the Credit Facility to pay forongoing scheme maintenance, we intend to approach the Court for appropriatedirections. Ordinary creditors of WFL may object to us using the funds of WFL tomeet payments required for the general maintenance of the Willmott Schemes.65 I consider it is in the best interests of the investors in the Willmott Schemes and thecreditors of the Willmott Group to borrow money so that we can:ABU1 278451 v3

17(a)comply with the Willmott Group’s statutory obligations described in paragraph53 above;(b) pay employees’ wages and employee-related costs described in paragraph 34above;(c)conduct the necessary Viability Analysis and Solvency Analysis described inparagraph 38 above; and(d) conduct the Expressions of Interest Campaign described in paragraph 47above.66 Our decision not to apply the Credit Facility to pay for ongoing scheme maintenancecosts prior to the completion of the Viability and Solvency Analyses may have anadverse effect on Growers’ interests, in that, without ongoing maintenance, theplantations may be detrimentally affected. The Viability Analysis and the decisionsreferred to in paragraphs 43 and 64 above are of upmost priority to theAdministrators.Approval of Administrators’ Fees67 Paragraph 2 of Orders (exhibit "CDC-3" ) provides that pursuant to section 447A ofthe Act, Part 5.3A of the Act be varied in relation to each of the Willmott Group ofCompanies such that our remuneration as the Administrators is, subject to a contraryorder, to be determined by the Court.68 During argument before Justice Finkelstein counsel appearing for the Administratorsdiscussed the format of the Administrators’ application for approval of theirremuneration. Now produced and shown to me and marked "CDC-7" is a copy ofthe transcript of proceeding V1D836/2010 on 26 October 2010.69 Now produced and shown to me and marked "CDC-8" is a copy of theAdministrators’ first remuneration report which forms the basis of our applicationpursuant to section 449E of the Act for approval of our remuneration (RemunerationReport).70 It is apparent from the Proposed Remuneration Report that we have categorised ourfees and disbursements as either scheme-related or non-scheme related. In this firstperiod, none of the Administrators’ scheme-related work has related to any particularABL/1 278451 v3

18scheme. Once we commence work on particular schemes, fees and disbursementsthat relate to any particular Willmott Scheme will be identified accordingly.71 On 5 November 2010 Paul James from Clayton Utz (CBA’s solicitors) told Leon Zwierof ABL, that his client is concerned to ensure that unsecured assets of the WiIlmottGroup of Companies should not be used to fund scheme-related costs for the solebenefit of the Growers. We have taken steps to identify expenditure on the WillmottScheme plantations. However, we consider that our fees incurred in relation toWFL’s role as responsible entity and manager of the Willmott Schemes are properlyincurred and payable in the course of the administration of that company.72 If the Court is satisfied with the format of the Remuneration Report, we intend toprovide a similar report to the creditors committee, and to the Registrar of the FederalCourt on a periodic basis to seek approval of our remuneration by the Registrar.Convening Period73 The first meeting of creditors was held by the First Administrator on 28 September2010. At the first creditors’ meeting, the creditors appointed a committee of creditorsin the administration of the Willmott Group of Companies. The committee of creditorsfor WFL consists of:(a)(b)(c)(d)(e)(f)(g)Jim Simpson;Marie Birmingham;Stephen Ryan on behalf of Hancock Victorian Plantations Pty Ltd;Cohn Worthy;Phillip Allen;Ian Mckenzie;Paul Challis;(h)(i)Ian Copp and/or Matthew Berger on behalf of the CBA; andPaul James and/or Polat Siva of St George Bank.74 The committee of creditors for each of the remaining companies in the WillmottGroup of Companies consists of:ABLI1278451v3

20(c)(d)(e)the Willmott Action Group by their solicitors Lilley Dawson;the Commonwealth Bank of Australia by their solicitors Clayton Utz; andMark Korda, Bryan Webster and Mark Mentha of KordaMentha by theirsolicitors Aliens Arthur Robinson.80 I have also instructed ABL to load a copy of this affidavit, together with the originatingprocess dated 25 November 2010, on ABL’s website www.ab.com.au . A copy ofthose documents will also be uploaded onto our website www.ppb.com.au .81 I have also instructed ABL to serve a copy of the Remuneration Report, and anyfuture remuneration reports on the creditors committee for each of the companies inthe Willmott Group of Companies.SWORN at Melbourne in the State of )Victoria 4Before me:DANIEL JOSEPH BRIGGSArnold BlOch LeberLevel 21,333 Collins StreetMelbourne 3000An AustmJian Legal Practitioner Wlthm themeaning of the Legal Profession Act 2004ABU1278451v3

21Schedule I - Excluded Property (Registered Schemes)IExcluded Property (Registered Schemes) means:(a)all rights, title and interest in, and all rights and obligations of the First Plaintiffarising under, each and every agreement, deed or document:(i)(ii)(iii)appointing the First Plaintiff as responsible entity and / or manager ofthe managed investment schemes set out in the table below(Excluded Schemes), including but not limited to the registeredconstitutions, forestry management agreements, land sourcing andforestry management agreements and land sourcing and managementagreements for the Excluded Schemes;entered into by the First Plaintiff in its capacity as responsible entity ofany of the Excluded Schemes;entered into by the First Plaintiff with the members of any of theExcluded Schemes, including but not limited to lease agreements, preleaseagreements, sub-lease agreements, land tenure agreements,licenses, sub-licenses and profit-a-prendre; and(b)all rights and obligations of the First Plaintiff as responsible entity of theExcluded Schemes otherwise arising at law,but excluding:(C)the benefit of any rights the First Plaintiff has as at the date of this Deed to beindemnified out of the property of any of the Excluded Schemes including anylien for the benefit of the First Plaintiff arising at law to secure such indemnity.2 For the avoidance of doubt, the Excluded Property described in paragraph I abovedoes not include, among other things, the First Plaintiff’s rights, title and interest in:(a)(b)any freehold land owned by the First Plaintiff;any lease agreements, sub-lease agreements, licences and sub-licenses withthird party land owners in its capacity as lessee, sub-lessee, licensee or sublicensee;ABU1278451v3

22(c)(d)(e)(f)(g)any debts owed to the First Plaintiff, including any debts owed by Growers inthe Excluded Schemes;Willmott Timbers Pty Ltd and the joint venture agreement with DongwhaAustralia Holdings Pty Ltd;any of the books of the First Plaintiff (as defined in section 9 of theCorporations Act 2001 (Cth)); orany employment agreements and arrangements with employees orcontractors of the First Plaintiff.On 26 October 2010, the First Administrator was removed as voluntaryadministrator and the Second and Third Plaintiffs were appointed as joint andseveral administrator of each of the Companies by order of the Federal Courtof Australia.EXCLUDED SCHEMESScheme Name ARSN Projects included in Scheme092 516 651 First Prospectus 1989Willmott Forest 1989-1991ProjectWillmott Forests Project 1995-1999Second Prospectus 1990Second Prospectus 1990 (1991)(Interest Only Offer)Third Prospectus 1991089 598 612 1995 Prospectus (1995)1995 Prospectus (1996)1996 Prospectus1997 Prospectus1998 Prospectus1999 ProspectusWillmott Forests Project 089 379 975 2000 Prospectus - 20/10/19992000 Prospectus No.12000 Prospectus No.22001 Prospectus2002 Prospectus2002 Replacement Prospectus2003 Prospectus2003 Replacement Prospectus(2003)2003 Replacement Prospectus(2004)2004 Product Disclosure Statement2004 Product Disclosure Statement(2005)ABUI 278451 v3

23Scheme Name ARSN Projects included in Scheme2006 Product Disclosure Statement2007 Premium Forestry Blend(2007)2007 Premium Forestry Blend(2008)2007 Product Disclosure Statement(2007)2007 Product Disclosure Statement(2008)Bioforest Dual Income Project 119 153 623 N/A2006Bioforest Sustainable Timber 124 133 535 N/Aand Biofuel Project 2007Willmott Forests Premium 131 549 589 N/AForestry Blend ProjectWillmott Forests Premium 142 722 585 N/AForestry Blend Project - 2010ProjectWillmott Forests Premium 136 768 520 N/ATimberland Fund No.1_____________________________ABLI1 278451v3

Schedule 2 - Excluded Property (Unregistered Schemes)1 Excluded Property (Unregistered Schemes) means:(a)all rights, title and interest in, and all rights and obligations of the First Plaintiffarising under, each and every agreement, deed or document:(i)(ii)(iii)appointing the First Plaintiff as manager and/or trustee of the managedinvestment schemes set out in the table below (ExcludedUnregistered Schemes), including but not limited to the constitutions,investment deeds, deeds of trust, deeds of covenant, forestrymanagement agreements, land sourcing and managementagreements, contracts for works and services, maintenanceagreements, and establishment and maintenance agreements for theExcluded Unregistered Schemes;entered into by the First Plaintiff in its capacity as manager and/ortrustee of any of the Excluded Unregistered Schemes;entered into by the First Plaintiff with the members of any of theExcluded Unregistered Schemes, including but not limited to leaseagreements, pre-lease agreements, sub-lease agreements, licenses,sub-licenses, and profit- -prendre and license agreements; and(b)all rights and obligations of the First Plaintiff as manager and/or trusteeof the Excluded Unregistered Schemes otherwise arising at law,but excluding:(c)the benefit of any rights the First Plaintiff has as at the date of this Deed to beindemnified out of the property of any of the Excluded Unregistered Schemesincluding any lien for the benefit of the First Plaintiff arising at law to securesuch indemnity.Filed on behalf of the PlaintiffsARNOLD BLOCH LEIBLERLawyers and AdvisersLevel 21333 Collins StreetMelbourne 3000ABL/1278451v3DX 38455 MelbourneTel: 9229 9999Fax: 9229 9900Ref: 01-1565015(Leon Zwier lzwierabLcom.au )

2 For the avoidance of doubt, the Excluded Property described in paragraph 1 abovedoes not include, among other things, the First Plaintiff’s rights, title and interest in:(a)(b)(c)(d)(e)(f)any freehold land owned by the First Plaintiff;any lease agreements, sub-lease agreements, licences and sub-licenses withthird party land owners in its capacity as lessee, sub-lessee, licensee or sublicensee;any debts owed to the First Plaintiff, including any debts owed by Growers inthe Excluded Unregistered Schemes;Willmott Timbers Pty Ltd and the joint venture agreement with DongwhaAustralia Holdings Pty Ltd;any of the books of the First Plaintiff (as defined in section 9 of theCorporations Act 2001 (Cth)); orany employment agreements and arrangements with employees orcontractors of the First Plaintiff.EXCLUDED UNREGISTERED SCHEMESName of Unregistered Scheme1983 "No Project"1984 "No Project"1985 "No Project"1986 "No Project"1987 "No Project"1989 "No Project"1990 "No Project" - Interest Only Offer1991 "No Project"1993 McKenzie & Partners - Forestry Partnership No.11994 Grimsey & Associates Pty Ltd - Forestry Partnership No.11994 Grimsey & Associates Pty Ltd - Forestry Partnership No.21994 Grimsey & Associates Pty Ltd - Forestry . Partnership No.31994 Mckenzie & Partners - Forestry Partnership No 21995 "No Project" (Custom)Sharp I Reed Plantation Project - 1998 Information MemorandumWillmott Forests - Professional Investor - 2001 Project - 2001 InformationMemorandum2001 "No Project"Willmott Forests - Professional Investor - 2002 Project - 2002 InformationMemorandumABL/1 278451v3

WiItmott Forests - Professional Investor - 2003 Project (2003 InformationMemorandum (2003) and 2003 Information Memorandum (2004))Willmott Forests - Professional Investor - 2004 Project (2004 InformationMemorandum and 2004 Information Memorandum (2005))2005 Bioforest Wholesale Project No. 2 - 2005 Wholesale Forestry Memorandum(Bioforest)Willmott Forests - Professional Investor - 2006 Project - 2006 InformationMemorandumABL/1 278451 v3

4IN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650IN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650IN ITS CAPACITY AS RESPONSIBLE ENTITY OF EACH OF THE MANAGEDINVESTMENTS SCHEMES LISTED IN SCHEDULE I AND IN ITS CAPACITY ASMANAGER OF THE UNREGISTERED MANAGED INVESTMENT SCHEMES LISTED INSCHEDULE 2First PlaintiffCRAIG DAVID CROSBIESecond PlaintiffIAN MENZIES CARSONThird PlaintiffAFFIDAVIT - CERTIFICATE OF COMPLIANCE(Order 14, rule 5A)I, Bridget Ellen Slocum, certify to the Court that the affidavit of Craig David Crosbie sworn on25 November 2010 and filed on behalf of the plaintiffs complies with Order 14, rule 2 of theFederal Court Rules.(Date: 2, ,,November 2010/r for the plaintiffsABL/1 278451 V3

’COc-IN THE FEDERAL COURT OF AUSTRALIAVICTORIAN DISTRICT REGISTRYNo.ofIN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERS APPOINTED)(ADMINISTRATORS APPOINTED)ACN 063 263 650IN ITS PERSONAL CAPACITY AND IN ITS CAPACITY AS RESPONSIBLE ENTITY OFEACH OF THE MANAGED INVESTMENTS SCHEMES LISTED IN SCHEDULE I AND INITS CAPACITY AS MANAGER OF THE UNREGISTERED MANAGED INVESTMENTSCHEMES LISTED IN SCHEDULE 2First PlaintiffCERTIFICATE IDENTIFYING EXHIBITCRAIG DAVID CROSBIESecond PlaintiffIAN MENZIES CARSONThird PlaintiffThis is the exhibit marked "CDC-I" now produced and shown to Craig David Crosbie at thetime of swearing his affidavit on 25 November 2010.T2Before m ’ -/" ...DANIEL JOSEPH BRIGGSArnold Bkch LeiblerLevel 21,333 Collins StmtMelbourne 3000An Austmlian Legal PlBctitloner within themeaning of the Legal Profession Act 2004Filed on behalf of the PlaintiffsARNOLD BLOCH LEIBLERLawyers and AdvisersLevel 21333 Collins StreetMelbourne 3000DX 38455 MelbourneTel: 9229 9999Fax: 9229 9900Ref: 01-1565015(Leon Zwier)ABL/1293791v1

ASIC Historical Company Extract ABN: 17063263650ASIC Current and Historical Extract as at Date: 24 Nov 2010 Time: 15:24:54This computer produced extract contains information derived fromthe ASIC database either from documents lodged with the ASICand processed as at the stated date of the extract, or from recordssupplied by previous state and/or territory systems.Please advise the A.S.I.C. promptly of any error or ommissionwhich you may find, so that we can correct it.The Information Division of the Australian Securities & InvestmentsCommission is certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)Section 12748This extract has been prepared by the Australian Securities& Investments Commission from information it obtained,by using a data processor, from the national database.If you believe that this extract contains any error or omissionplease advise the A.S.I.C. promptly.The Information Division of the Australian Securities & Investments Commissionis certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)063 263 650 WILLMOTT FORESTS LIMITED Document NoACN (Australian Company Number): 063 263 650Registered in: VictoriaPrevious State Number:Registration Date: 16/03/1994Next Review Date: 16/03/2011Company bound by: ConstitutionAustralian Business Number: 17 063 263 650Current Organisation DetailsName : WILLMOTT FORESTS LIMITED 753153122Name Start: 23/08/1999Status : ** Under External Administration And/Or Controller Appointed **Type : AUSTRALIAN PUBLIC COMPANYClass : LIMITED BY SHARESSubclass : LISTED PUBLIC COMPANYDISCLOSING ENTITY: YESOrganisation Details from 27/09/2002 to 05/09/2010Name : WILLMOTT FORESTS LIMITEDName Start: 23/08/1999Status : RegisteredType : AUSTRALIAN PUBLIC COMPANYClass : LIMITED BY SHARESSubclass : LISTED PUBLIC COMPANYDISCLOSING ENTITY: YESOrganisation Details from 23/08/1999 to 26/09/2002Name : WILLMOTT FORESTS LIMITED 015612017Name Start: 23/08/1999Status : RegisteredType : AUSTRALIAN PUBLIC COMPANYClass LIMITED BY SHARESSubclass : UNLISTED PUBLIC COMPANYDISCLOSING ENTITY: YESOrganisation Details from 16/03/1994 to 22/08/1999Name : TIMBER CAPITAL LIMITED 005449437Name Start: 16/03/1994Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref B ANDREWS 01 Page 1140

ASIC Historical Company Extract ABN: 17063263650Status : RegisteredType : AUSTRALIAN PUBLIC COMPANYClass : LIMITED BY SHARESSubclass : UNLISTED PUBLIC COMPANYRegistered Office249 PARK STREET SOUTH MELBOURNE VIC 3205 1E0069782Start Date: 19/07/2004Previous Registered Office335 FERRARS STREET ALBERT PARK VIC 3206 013750918Start Date: 31/12/1997 Cease Date: 18/0712004LEVEL 1 49-51 STEAD STREET SOUTH MELBOURNE VIC 3205 005449437Start Date: 16/03/1994 Cease Date: 30/12/1997Principal Place of Business249 PARK STREET SOUTH MELBOURNE VIC 3205 150069782Start Date: 12/07/2004Previous Principal Place of Business335 FERRARS STREET ALBERT PARK VIC 3206 011727319Start Date: 10/12/1997 Cease Date: 11/07/2004 (AR 1997)335 FERRARS STREET ALBERT PARK VIC 3206 011084572Start Date: 05/12/1996 Cease Date: 23/12/1997 (AR 1996)LEVEL 1 49-51 STEAD STREET SOUTH MELBOURNE VIC 3205 009739582Start Date: 30/06/1995 Cease Date: 04/12/1996 (AR 1995)DirectorsJONATHAN DAVID MADGWICK 00530689910 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 16/03/1994HUGH THOMAS DAVIES 05468501697 BELFORD ROAD KEN EAST VIC 3102Born: 18/06/1942 - MELBOURNE VICAppointment Date: 18/07/2000JAMES WILLIAM ANTONY HIGGINS 054685016240 WALSH STREET SOUTH YARRA VIC 3141Born: 06/03/1941 - WANGARATTA VICAppointment Date: 19/07/2000MARCUS DERHAN24 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 01/02/19951E0855835RAYMOND MAXWELL SMITH 15474440323 THE ESPLANADE GEELONG VIC 3220Born: 09/10/1946 - GEELONG VICAppointment Date: 28/08/2008Previous DirectorsIAN RICHARD BOND 016799616877 PUNT ROAD SOUTH YARRA VIC 3141Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 2/40

ASIC Historical Company Extract ABN: 17063263650Born: 16/10/1946 - MELBOURNE VICAppointment Date: 24/08/1999 Cease Date: 31/10/2003GREGORY ROBERT MAC MILLAN 00530689931 RANSAY AVENUE KEN EAST VIC 3102Born: 15/02/1953 - MELBOURNE VICAppointment Date: 16/03/1994 Cease Date: 24/08/1999DAVID ALAN SMITH27 BERRIMA AVENUE MALVERN EAST VIC 3145Born: 08/06/1967 - ESSENDON VICAppointment Date: 16/03/1994 Cease Date: 24/08/19990E2401632Previous SecretaryJOHN HUGH RUTLEDGE14 NORTHCOTE AVENUE BALWYN VIC 3103Born: 09/10/1961 - MELBOURNE VICAppointment Date: 30/04/2009 Cease Date: 09/09/20101E5404335JONATHAN DAVID MADGWICK10 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 18/08/2003 Cease Date: 30/04/20090E9112264IAN RICHARD BOND 016799616877 PUNT ROAD SOUTH YARRA VIC 3141Born: 16/10/1946 - MELBOURNE VICAppointment Date: 20/02/2001 Cease Date: 18/08/2003JONATHAN DAVID MADGWICK10 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 24/08/1999 Cease Date: 20/02/20010E3388548GREGORY ROBERT MAC MILLAN 00530689931 RAXISAY AVENUE KEW EAST VIC 3102Born: 15/02/1953 - MELBOURNE VICAppointment Date: 16/03/1994 Cease Date: 24/08/1999Appointed Auditor028 641 045 ARMSTRONG & ASSOCIATES 019777885’L 5’ 150 ALBERT ROAD SOUTH MELBOURNE VIC 3205 (FR 2003)Appointment Date: 09/07/1999Previous Appointed Auditor077 005 022 BROADBENT & CO 01172731934 EASTERN ROAD SOUTH MELBOURNE VIC 3205 (AR 1997)Appointment Date: 13/10/1995 Cease Date: 26/07/1999Previous Ultimate Holding Company004 948 725 NANMAR PTY LTD DE9289932Receiver ManagerBRYAN WEBSTER 026083348KORDA NENTILA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref. B ANDREWS 01 Page 3/40

ASIC Historical Company Extract ABN: 17063263650HARK FRANCIS XAVIER MENTHA 026083348LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010BRYAN WEBSTER 026083349KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARX ANTHONY KORDA 026083349LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Administrator of a Company Under AdministrationCRAIG DAVID CROSBIE 027134979PPB PP8’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010IAN MENZIES CARSON 027134979PPB ?PB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010Previous Administrator of a Company Under AdministrationAVITUS THOMAS FERNANDEZ3 CHESTER STREET GLEN WAVERLEY VIC 3150Appointment Date: 06109/2010 Cease Date: 26/10/20107E3153122Share StructureNote: For each class of shares issued by a proprietary company, ASIC recordsthe details of the top twenty members of the class (based on shareholdings)The details of any other members holding the same number of shares as thetwentieth ranked member will also be recorded by ASIC on the database.Where available, historical records show that a member has ceased to beranked amongst the top twenty members. This may, but does not necessarilymean, that they have ceased to be a member of the company.Class: CRPCONVERTIBLE RESERT PRNumber of Shares/Interests IssuedTotal Amount (if any) Paid / Taken to be Paid:Total Amount Due and PayableClass: 08.0ORDINARY SHARESNumber of Shares/Interests IssuedTotal Amount (if any) Paid / Taken to be Paid:Total Amount Due and Payable17602117602100.000.0014287811195279951.000.00lF024l471011084572(AR 1996)External Administration and/or Appointment of ControllerForm Type Date Received Date Processed No. Pages Effective Date524 15/11/2010 15/11/2010 11 26/10/2010 783295084524Z PRESENTATION OF ACCOUNTS & STATEMENT PRESENTATION OF FINALACCOUNTS OF ADMINISTRATOR505 27/10/2010 28/10/2010 4 26/10/2010 0271349795051) NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 4368(4), 449B, 449C(1), 449C(4) OR 449(6)505 27/10/2010 27/10/2010 2 26/10/2010 7E3256246505Y NOTIFICATION OF RESIGNATION OR REMOVAL OF ADMINISTRATOR OFPrinted by Espreon 24/11/2010 15:26 PM AEST For LCR Ref. B ANDREWS 01 Page 4/40

ASIC Historical Company Extract ABN: 17063263650COMPANY UNDER ADMINISTRATION UNDER S.436E(4), 4498 OR 449C5011 09/10/2010 09/10/2010 127 28/09/2010 7E32210975011B COPY OF MINUTES OF MEETING OF MEMBERS, CREDITORS,CONTRIBUTORIES OR COMMITTEE OF INSPECTION UNDER S.436E ORS. 139A507 07/10/2010 19/10/2010 29 06/09/2010 027160961507G REPORT AS TO AFFAIRS FROM MANAGING CONTROLLER WHO IS ALSO ARECEIVER/MANAGER507 05/10/2010 12/10/2010 43 30/09/2010 027134275507F REPORT AS TO AFFAIRS FROM CONTROLLER UNDER 5.429(2)(C)529 23/09/2010 23/09/2010 2 28/09/2010 753189797529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP555 17/09/2010 17/09/2010 2 17/09/2010 7E3179610555 NOTIFICATION OF RECEIVER EXTENDING TIME TO SUBMIT REPORT505 10/09/2010 14/09/2010 4 06/09/2010 027119623505B NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER505 10/09/2010 14/09/2010 6 06/09/2010 027119614505B NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER504 10/09/2010 14/09/2010 6 06/09/2010 026083349504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER504 10/09/2010 14/09/2010 4 06/09/2010 0260833485048 NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER529 08/09/2010 08/09/2010 28 15/09/2010 7E3156724529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP505 06/09/2010 06/09/2010 2 06/09/2010 7E3153122505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 436E(4), 4498, 449C(1), 449C(4) OR 449(6)Altered by 027 052 839Charges Registered and Related Documents ReceivedNote: A charge is some form of security given over the property/assets ofthe company. In order to obtain details of the ’amount secured by a charge’,’the property charged’, the property released from a charge or the documentsrelating to a satisfaction, assignment or change in details, it is necessaryto obtain a ’CHARGES EXTRACT’.ASIC Charge Number : 723452 Status : SatisfiedDate and time Registered : 12/11/1999 14:11:00 Fixed/floating : FixedDate Created : 30/09/1999Chargee/Trustee : 123 123 124 COMMONWEALTH BANK OF AUSTRALIADocuments ReceivedForm Description Date Proc’d No. Document NoType Lodged Pages309 12/11/1999 YES 23 012923546NOTIFICATION OFDETAILS OF A CHARGE312 10/01/2003 YES 3 018616836NOTIFICATION OFRELEASE OF PROPERTY312 15/10/2004 YES 1 020619176NOTIFICATION OFDISCHARGEASIC Charge Number : 1011200 Status : RegisteredDate and time Registered : 05/01/2004 12:45:00 Fixed/floating : FixedDate Created : 08/1212003Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 5/40

ASIC Historical Company Extract ABN: 17063263650Chargee/Trustee: 004 346 043 ESANDA FINANCE CORPORATION LIMITED309 05/01/2004 YES 13 017821725NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1067387 Status : RegisteredDate and time Registered : 30/07/2004 15:35:00 Fixed/floating : FixedDate Created : 29/06/2004Chargee/Trustee: 004 044 937 NATIONAL AUSTRALIA BANK LIMITED309 02/08/2004 YES 24 020630015NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1231127 Status : RegisteredDate and time Registered : 14/11/2005 12:48:00 Fixed/floating : FixedDate Created : 03/11/2005Chargee/Trustee: 100 845 127 SUNCORP METWAY ADVANCES CORPORATION PTYLTD309 15/11/2005 YES 13 022350290NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1250263 Status : SatisfiedDate and time Registered : 06/01/2006 14:08:00 Fixed/floating FixedDate Created : 25/12/2005Chargee/Trustee : 123 123 124 COMMONWEALTH BANK OF AUSTRALIA309 06/01/2006 YES 26 022498891NOTIFICATION OFDETAILS OF A CHARGE312 25/07/2006 YES 5 022527667NOTIFICATION OFRELEASE OF PROPERTY312 25/07/2006 YES 8 022527666NOTIFICATION OFRELEASE OF PROPERTY311 07/05/2007 YES 5 023638821NOTIFICATION OFCHANGE TO DETAILS OF CHARGE312 18/06/2009 YES 1 025583512NOTIFICATION OFDISCHARGEASIC Charge Number : 1516274 Status : RegisteredDate and time Registered : 20/09/2007 15:17:00 Fixed/floating : FixedDate Created : 21/08/2007Chargee/Trustee004 346 043 ESANDA FINANCE CORPORATION LIMITED309 20/09/2007 YES 5 7E1287003NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number 1621741 Status : SatisfiedDate and time Registered : 16/04/2008 13:20:00 Fixed/floating : Both Fixed & FloatingDate Created : 12/03/2008Chargee/Trustee : 123 123 124 COMMONWEALTH BANK OF AUSTRALIA309 16/04/2008 YES 29 024225266NOTIFICATION OFDETAILS OF A CHARGEAltered by 7E1 664 780350 19/06/2008 YES 2 7E1664780CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 024 225 266312 18/06/2009 YES 1 025583511NOTIFICATION OFDISCHARGEPrinted by Espreon 24111/2010 15:26 PM AEST For: LCR Ref. B ANDREWS 01 Page 6/40

ASIC Historical Company Extract ABN: 17063263650ASIC Charge Number : 1635652 Status SatisfiedDate and time Registered : 16/05/2008 11:18:00 Fixed/floating : Both Fixed & FloatingDate Created : 24/04/2008Charges/Trustee: 125 360 974 90 WEST ASSET MANAGEMENT LIMITED309 16/05/2008 YES 19 024737848NOTIFICATION OFDETAILS OF A CHARGE312 03/06/2010 YES 3 7E2938547NOTIFICATION OFRELEASE OF PROPERTY312 11/06/2010 YES 2 026594496NOTIFICATION OFDISCHARGEASIC Charge Number : 1767711 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trostee : 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 38 025476451NOTIFICATION OFDETAILS OF A CHARGE312 03/06/2010 YES 3 7E2938444NOTIFICATION OFRELEASE OF PROPERTYASIC Charge Number : 1767723 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 35 025476450NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 973350 14/05/2009 YES 3 025577973CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 450312 03/06/2010 YES 3 7E2938487NOTIFICATION OFRELEASE OF PROPERTYASIC Charge Number : 1767741 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Charges/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 35 025476426NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 972350 14/05/2009 YES 3 025577972CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 426312 03/06/2010 YES 3 7E2938385NOTIFICATION OFRELEASE OF PROPERTYASIC Charge Number : 1767770 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee: 072 755 434 CEA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 37 025476438NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 971350 14/05/2009 YES 3 025577971CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 438Printed by Espreon 24/11/2010 15:26 PM AEST For LCR Ref: B ANDREWS 01 Page 7/40

ASIC Historical Company Extract ABN: 17063263650312 03/06/2010 YES 3 7E2938345NOTIFICATION OFRELEASE OF PROPERTYNote: This extract may not contain all charges for corporations registeredprior to 1991 and it may be advisable to also search the State or territotyrecords held by the ASIC.Documents Received (except these listed already under charges)Form Type Date Received Date Processed No. PagesEffective Date370 13/09/2010 13/09/2010 2 13/09/2010 027098010370 Notification By Officeholder of Resignation or Retirement902 08/09/2010 09/09/2010 2 06/09/2010 027052839902 Supplementary DocumentAlters 7E3 153 1227053A 06/09/2010 06/09/2010 1 06/09/2010 5824690587053A Disclosure Notice - Ex Australian Stock Exchange11001 ASX Progress Report12008 ASX Company Administration - Other7053A 06/09/2010 06/09/2010 2 06/09/2010 5824689847053A Disclosure Notice - Ex Australian Stock Exchange12008 ASX Company Administration - Other7053A 06/09/2010 06/09/2010 1 06/09/2010 5E24687347053A Disclosure Notice - Ex Australian Stock Exchange11001 ASX Progress Report12008 ASX Company Administration - Other7053A 31/08/2010 31/08/2010 1 31/08/2010 5E24633077053A Disclosure Notice - Ex Australian Stock Exchange03014 ASX Periodic Reports - Other11001 ASX Progress Report12008 ASX Company Administration - Other7053A 06/07/2010 06/07/2010 2 06/07/2010 5E24133437053A Disclosure Notice - Ex Australian Stock Exchange10005 ASX Dividend - Other11001 ASX Progress Report7053A 05/07/2010 05/07/2010 2 05/07/2010 5824119597053A Disclosure Notice - Ex Australian Stock Exchange09001 ASX Suspension From Official Quotation7053A 01/07/2010 01/07/2010 1 01/07/2010 5E24103027053A Disclosure Notice - Ex Australian Stock Exchange03014 ASX Periodic Reports - Other11001 ASX Progress ReportFS90 01/07/2010 01/07/2010 2 30/06/2010 783005447FS90A Notice That a Product in a Pds Has Ceased to Be Available -By Afs Licensee7053A 01/07/2010 01/07/2010 2 01/07/2010 5824091107053A Disclosure Notice - Ex Australian Stock Exchange09007 ASX Trading Halt7053A 15/06/2010 15/06/2010 1 15/06/2010 5823917447053A Disclosure Notice - Ex Australian Stock Exchange11002 ASX Progress Report - Other7053A 26/05/2010 26/05/2010 6 26/05/2010 5E23742327053A Disclosure Notice - Ex Australian Stock Exchange11001 ASX Progress Report16002 ASX Letter to Shareholders7053A 24/05/2010 24/05/2010 1 24/05/2010 5E2372009Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 8/40

ASIC Historical Company Extract ABN: 170632636507053A Disclosure Notice - Ex Australian Stock Exchange11001 ASX Progress Report12008 ASX Company Administration - Other484 17/05/2010 11/06/2010 4 18/05/2010 1F0241471484 Change to Company Details484G Notification of Share Issue4840 Changes to Share StructureV211 17/05/2010 25/06/2010 11 30/09/2009 026565381211 Return Showing Division or Conversion of Shares Into Classes7053A 30/04/2010 30/04/2010 1 30/04/2010 5E23556617053A Disclosure Notice - Ex Australian Stock Exchange02003 ASX Form 605 - Ceasing to Be a Substantial Shareholder7053A 23/04/2010 23/04/2010 1 23/04/2010 5523509677053A Disclosure Notice - Ex Australian Stock Exchange11001 ASX Progress ReportFS88 08/04/2010 08/04/2010 3 07/04/2010 752816611FS88A Pds In-Use Notice - By Afs Licensee7053A 08/04/2010 08/04/2010 2 08/04/20107053A Disclosure Notice - Ex Australian Stock Exchange02009 ASX Change of Director’s Interest Notice7053A 07/04/2010 07/04/2010 2 07/04/20107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 07/04/2010 07/04/2010 2 07/04/20107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 07/04/2010 07/04/2010 2 07/04/20107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 31/03/2010 31/03/2010 7 31/03/20107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 05/03/2010 05/03/2010 5 05/03/20107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE17003 ASX RESPONSE TO ASX QUERY7053A 16/02/2010 16/02/2010 31 16/02/20107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT03009 ASX HALF-YEARLY AUDIT REVIEW03010 ASX HALF-YEARLY DIRECTOR’S STATEMENT03015 ASX ASC HALF-YEARLY AUDITED ACCOUNTS03019 HALF YEARLY REPORT AND HALF YEAR ACCOUNTS10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE5523416815E23409265E23405965E23405985E23376235523197155E23030757053A 16/02/2010 16/02/2010 2 16/02/2010 5E23030767053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 22/12/2009 22/12/2009 2 22/12/2009 5E22722237053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICEFS90 15/12/2009 15/12/2009 2 14/12/2009 752605764FS90A NOTICE THAT A PRODUCT IN A PDS HAS CEASED TO BE AVAILABLE -BY AFS LICENSEE7053A 13/11/2009 13/11/2009 3 13/11/2009 552243730Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 9140

ASIC Historical Company Extract ABN: 170632636507053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE02001 ASX FORM 603 - BECOMING A SUBSTANTIAL SHAREHOLDER7053A 12/11/2009 12/11/2009 6 12/11/2009 5E22433677053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 12/11/2009 12/11/2009 2 12/11/2009 5522430167053A DISCLOSURE NOTICE LX AUSTRALIAN STOCK EXCHANGE08003 ASX RESULTS OF MEETING7053A 12/11/2009 12/1112009 21 12/11/2009 5E22428267053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE15002 ASX CHAIRMAN’S ADDRESS7053A 11/11/2009 11/11/2009 2 11/11/2009 5E22425067053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 10/11/2009 10/11/2009 1 10/11/2009 5E22415417053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 10/11/2009 10/11/2009 2 10/11/2009 5E22413177053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 10/11/2009 10/11/2009 2 10/11/2009 5E22413187053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 10/11/2009 10/11/2009 2 10/11/2009 5E22413207053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 09/11/2009 09/11/2009 2 09/11/2009 5E22403927053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 09/11/2009 09/11/2009 2 09/11/2009 5E22403937053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 05/11/2009 05/11/2009 2 05/11/2009 5E22382497053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03002 ASX TOP 20 SHAREHOLDERS06009 ASX ISSUED CAPITAL - OTHER7053A 02/11/2009 02/11/2009 1 02/11/2009 5E22353967053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE06001 ASX RENOUNCEABLE ISSUE06003 ASX PLACEMENT7053A 02/11/2009 02/11/2009 1 02/11/2009 5522353877053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 28/10/2009 28/10/2009 1 28/10/2009 5E22319207053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE06001 ASK RENOUNCEABLE ISSUE7053A 22/10/2009 22/10/2009 6 22/10/2009 5522263307053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 19/10/2009 19/10/2009 4 19/10/2009 5E22223257053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 14/10/2009 14/10/2009 32 14/10/2009 5E22192507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06001 ASX P.ENOUNCEABLE ISSUE06010 ASX PROSPECTUSPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 10/40

ASIC Historical Company Extract ABN: 170632636507053A 09/10/2009 09/10/2009 3 09/10/2009 5E22165687053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08001 ASX NOTICE OF ANNUAL MEETING7053A 09/10/2009 09/10/2009 80 09/10/2009 5E22165727053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORT03002 ASX TOP 20 SHAREHOLDERS03011 ASX ASC ANNUAL AUDITED ACCOUNTS03012 ASX ASC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03020 FULL YEAR ACCOUNTS7053A 07/10/2009 07/10/2009 1 07/10/2009 5622147757053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 06/10/2009 06/10/2009 6 06/10/2009 5E22135397053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 01/10/2009 01/10/2009 2 01/10/2009 5E22104817053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06001 ASX RENOUNCEABLE ISSUE06003 ASX PLACEMENT09014 ASX TRADING HALT LIFTED7053A 01/10/2009 01/10/2009 1 01/10/2009 5E22104727053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 01/10/2009 01/10/2009 8 01/10/2009 5622104697053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 30/09/2009 30/09/2009 7 30/09/2009 5E22093127053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 30/09/2009 30/09/2009 2 30/09/2009 5622093167053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER11001 ASX PROGRESS REPORT7053A 29/09/2009 29/09/2009 1 29/09/2009 5622077317053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE09007 ASX TRADING HALT7053A 29/09/2009 29/09/2009 1 29/09/2009 5E22077337053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE09007 ASX TRADING HALT7053A 17/09/2009 17/09/2009 2 17/09/2009 5621999937053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 17/09/2009 17/09/2009 2 17/09/2009 5E21999957053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 17/09/2009 17/09/2009 2 17109/2009 5621999967053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 15/09/2009 15/09/2009 7 15/09/2009 5E21981007053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 08/09/2009 08/09/2009 2 08/09/2009 5621940677053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11002 ASX PROGRESS REPORT - OTHER7053A 01/09/2009 01/09/2009 2 01/09/2009 5E21894037053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGEPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 11/40

ASIC Historical Company Extract ABN: 1706326365002009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 01/09/2009 01/09/2009 1 01/09/2009 5521887657053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 AEX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 26/08/2009 26/08/2009 2 26/08/2009 5521833267053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER16001 AEX LETTER TO SHAREHOLDERS - OTHER7053A 21/08/2009 21/08/2009 1 21/08/2009 5521806597053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02003 ASX FORM 605 - CEASING TO BE A SUBSTANTIAL SHAREHOLDER7053A 20/08/2009 20/08/2009 8 20/08/2009 5E21789537053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11002 ASX PROGRESS REPORT - OTHER7053A 20/08/2009 20/08/2009 22 20/08/2009 5E21789557053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT7053A 20/08/2009 20/08/2009 1 20/08/2009 5521785407053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 20/08/2009 20/08/2009 73 20/08/2009 5E21785417053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT03011 ASX ASC ANNUAL AUDITED ACCOUNTS03012 ASX ASC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03020 FULL YEAR ACCOUNTS10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 17/08/2009 17/08/2009 1 17/08/2009 5521756957053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 06/08/2009 06/08/2009 2 06/08/2009 5521698757053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 22/07/2009 22/07/2009 18 22/07/2009 5E21571797053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER11002 ASX PROGRESS REPORT - OTHER16002 ASX LETTER TO SHAREHOLDERS7053A 01/07/2009 01/07/2009 2 01/07/2009 5521416387053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER10005 ASX DIVIDEND - OTHERFS90 01/07/2009 01/07/2009 1 01/07/2009 7E2278127FS90A NOTICE THAT A PRODUCT IN A PbS HAS CEASED TO BE AVAILABLE -BY AFS LICENSEE7053A 25/06/2009 25/06/2009 1 25/06/2009 5521365377053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 05/06/2009 05/06/2009 1 05/06/2009 5E21226187053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 26/05/2009 26/05/2009 3 26/05/2009 5E2115202Printed by Espreon 24/11/2010 15:26 PM AEST For LCR Ref: B ANDREWS 01 Page 12/40

ASIC Historical Company Extract ABN: 170632636507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10003 ASX DIVIDEND RATE16002 ASX LETTER TO SHAREHOLDERS350 14/05/2009 15/05/2009 3 14/05/2009 025577971350 CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 438350 14/05/2009 15/05/2009 3 14/05/2009 025577972350 CERTIFICATION OF COMPLIANCE WITH STAN? DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 426350 14/05/2009 15/05/2009 3 14/05/2009 025577973350 CERTIFICATION OF COMPLIANCE WITH STAN? DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 450FS88 13/05/2009 13/05/2009 3 11/05/2009 7E2183888FS88A PBS IN-USE NOTICE - BY AFS LICENSEE7053A 11/05/2009 11/05/2009 2 11/05/2009 5E21053507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORTFS02 06/05/2009 06/05/2009 28 06/05/2009 0L0501951FS02 COPY OF AFS LICENCE484 04/05/2009 04/05/2009 2 30/04/2009 1E5404335484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER7053A 01/05/2009 01/05/2009 1 01/05/2009 5520990057053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE12008 ASX COMPANY ADMINISTRATION - OTHER7053A 28/04/2009 28/04/2009 3 28/04/2009 5E20960907053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT484 15/04/2009 16/04/2009 6 16/04/2009 025529208484 CHANGE TO COMPANY DETAILS484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE7053A 06/04/2009 06/04/2009 2 06/04/2009 5520865477053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 06/04/2009 06/04/2009 2 06/04/2009 5520865507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 06/04/2009 06/04/2009 2 06/04/2009 5E20865237053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 06/04/2009 06/04/2009 2 06/04/2009 5E20865297053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 06/04/2009 06/04/2009 7 06/04/2009 5E20861177053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 06/04/2009 06/04/2009 7 06/04/2009 5520859547053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B1053A 03/04/2009 03/04/2009 2 03/04/2009 5E20854377053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICEPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 13/40

ASIC Historical Company Extract ABN: 17063263650FS89 03/04/2009 03/04/2009 1 01/04/2009 7E2120612FS89A NOTICE OF CHANGE TO FEES AND CHARGES IN A PDS - BY AFSLICENSEE7053A 23/03/2009 23/03/2009 2 23/03/2009 5E20783427053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 23/03/2009 23/03/2009 2 23/03/2009 5E20783437053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 20/03/2009 20/03/2009 2 20/03/2009 5E20773707053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 19/03/2009 19/03/2009 2 19/03/2009 5520766797053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 18/03/2009 18/03/2009 2 18/03/2009 5520760447053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 18/03/2009 18/03/2009 1 18/03/2009 5E20755057053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 02/03/2009 02/03/2009 1 02/03/2009 5520650407053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 26/02/2009 26/02/2009 29 26/02/2009 5E20634787053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT03009 ASX HALF-YEARLY AUDIT REVIEW03010 ASX HALF-YEARLY DIRECTOR’S STATEMENT03015 ASX ASC HALF-YEARLY AUDITED ACCOUNTS03019 HALF YEARLY REPORT AND HALF YEAR ACCOUNTS10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 26/02/2009 26/02/2009 2 26/02/2009 5520634817053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT7053A 23/01/2009 23/01/2009 2 23/01/2009 5E20426957053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 06/01/2009 06/01/2009 2 06/01/2009 5520339557053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 21/11/2008 21/11/2008 2 21/11/2008 5520115667053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 14/11/2008 14/11/2008 2 14/11/2008 5520078457053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 14/11/2008 14/11/2008 2 14/11/2008 5520076337053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08003 ASX RESULTS OF MEETING7053A 14/11/2008 14/11/2008 35 14/11/2008 5E20076107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE15002 ASX CHAIRMAN’S ADDRESS7053A 13/11/2008 13/11/2008 2 13/11/2008 552006899Printed by Espreon 24/11/2010 15:26 PM AEST For LCR Ref: B ANDREWS 01 Page 14/40

ASIC Historical Company Extract ABN: 170632636507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 11/11/2008 11/11/2008 2 11/11/2008 5E20057397053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 11/11/2008 11/11/2008 2 11/11/2008 5E20054937053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 11/11/2008 11/11/2008 2 11/11/2008 5E20051317053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 07/11/2008 07/11/2008 2 07/11/2008 5E20040527053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 07/11/2008 07/11/2008 2 07/11/2008 5520040397053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 05/11/2008 05/11/2008 6 05/11/2008 5520024457053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 20/10/2008 20/10/2008 8 20/10/2008 5E19902217053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 13/10/2008 13/10/2008 3 13/10/2008 5E19855367053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08001 ASX NOTICE OF ANNUAL MEETING7053A 13/10/2008 13/10/2008 60 13/10/2008 5E19855187053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORT03002 ASX TOP 20 SHAREHOLDERS03011 ASX ASC ANNUAL AUDITED ACCOUNTS03012 ASX ASC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03020 FULL YEAR ACCOUNTS388 03/10/2008 24/10/2008 47 30/06/2008 024953623388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2008)DISCLOSING ENTITY7053A 15/09/2008 15/09/2008 2 15/09/2008 5E19699277053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 11/09/2008 11/09/2008 2 11/09/2008 5519686357053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE484 03/09/2008 03/09/2008 2 03/09/2008 1E4744403484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER7053A 03/09/2008 03/09/2008 2 03/09/2008 5E19644747053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02007 ASX SECTION 205G NOTICE - DIRECTOR’S INTERESTS7053A 01/09/2008 01/09/2008 1 01/09/2008 5519635197053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 28/08/2008 28/08/2008 1 28/08/2008 5E19614877053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE12001 ASX DIRECTOR APPOINTMENT/RESIGNATIONPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 15/40

ASIC Historical Company Extract ABN: 170632636507053A 27/08/2008 27/08/2008 7 27/08/2008 5E19604187053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE15001 ASX CHAIRMAN’S ADDRESS - OTHER7053A 27/08/2008 27/08/2008 38 27/08/2008 5E19602327053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT7053A 26/08/2008 26/08/2008 57 26/08/2008 5519597197053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT03011 ASX ASC ANNUAL AUDITED ACCOUNTS03012 ASX AEC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03020 FULL YEAR ACCOUNTS10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 26/08/2008 26/08/2008 1 26/08/2008 5519592877053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATEFS88 22/08/2008 29/09/2008 6 20/08/2008 024953563FS88A P05 IN-USE NOTICE - BY AFS LICENSEEFS90 05/08/2008 12/09/2008 5 01/07/2008 024651444FS90B NOTICE THAT A PRODUCT IN A PDS HAS CEASED TO BE AVAILABLE -BY BODY CORPORATE7053A 01/07/2008 01/07/2008 2 0110712008 5E19254307053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER11001 ASX PROGRESS REPORT7053A 19/06/2008 19/06/2008 1 19/06/2008 5E19175417053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER06009 ASX ISSUED CAPITAL - OTHER350 19/06/2008 19/06/2008 2 19/06/2008 151664780350 CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 024 225 266FS02 22/05/2008 22/05/2008 28 22/05/2008 0L0305652FS02 COPY OF AFS LICENCE7053A 19/05/2008 19/05/2008 1 19/05/2008 5518994827053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER07002 ASX ASSET DISPOSAL992 06/05/2008 11/06/2008 1 05/05/2008 024802122992 NOTIFICATION OF CHANGE OF PLACE OF INSPECTION OF BOOKS KEPTON COMPUTER909 06/05/2008 11/06/2008 1 05/05/2008 024802121909 NOTICE OF ADDRESS OF BRANCH REGISTER7053A 29/04/2008 29/04/2008 7 29/04/2008 5E18881037053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3D7053A 29/04/2008 29/04/2008 1 29/04/2008 5E18880707053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01009 ASX TAKEOVER OTHER07001 ASX ASSET ACQUISITION7053A 28/04/2008 28/04/2008 1 28/04/2008 5518874407053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGEPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 16/40

ASIC Historical Company Extract ABN: 1706326365007001 ASX ASSET ACQUISITION11001 ASX PROGRESS REPORT484 09/04/2008 09/04/2008 6 09/04/2008 024471198484 CHANGE TO COMPANY DETAILS4840 NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE7053A 02104/2008 02/04/2008 1 02/04/2008 5E18744897053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE12004 ASX DETAILS PF SHARE REGISTRY ADDRESS7053A 13/03/2005 13/03/2008 2 13/03/2008 5E18656037053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 11/03/2008 11/03/2008 2 11/03/2008 5E18635537053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 03/03/2008 03/03/2008 1 03/03/2008 5E18590917053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 29/02/2008 29/02/2008 7 29/02/2008 5E18581367053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 29/02/2008 29/02/2008 1 29/02/2008 5E18577107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01009 ASX TAKEOVER OTHER7053A 26/02/2008 26/02/2008 38 26/02/2008 5E18551761053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT7053A 26/02/2008 26/02/2008 29 26/02/2008 5E18550177053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT03009 ASX HALF-YEARLY AUDIT REVIEW03010 ASX HALF-YEARLY DIRECTOR’S STATEMENT03015 ASX ASC HALF-YEARLY AUDITED ACCOUNTS03019 HALF YEARLY REPORT AND HALF YEAR ACCOUNTS10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 26/02/2008 26/02/2008 1 26/02/2008 5E18549237053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 22/02/2008 22/02/2008 5 22/02/2008 5E18537137053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01009 ASX TAKEOVER OTHER02006 ASX SHAREHOLDER DETAILS - OTHER11001 ASX PROGRESS REPORT7053A 19/02/2008 19/02/2008 2 19/02/2008 5E18510877053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 19/02/2008 19/02/2008 7 19/02/2008 5E18510747053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 19/02/2008 19/02/2008 7 19/02/2008 5E18510777053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 14/02/2008 14/02/2008 2 14/02/2008 551848270Printed by Espreon 24111/2010 15:26 PM AEST For LCR Ref: B ANDREWS 01 Page 17/40

ASIC Historical Company Extract ABN: 170632636507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01009 ASX TAKEOVER OTHER7053A 11/02/2008 11/02/2008 12 11/02/2008 5E18466737053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01010 SUPPLEMENTARY BIDDERS STATEMENT7053A 11/02/2008 11/02/2008 1 11/02/2008 5E18466177053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01008 ASX VARIATION OF TAKEOVER OFFERFS02 06/02/2008 06/02/2008 26 06/02/2008 0L0305306FS02 COPY OF AFS LICENCE7053A 29/01/2008 29/01/2008 2 29/01/2008 5E18403237053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 17/01/2008 17/01/2008 4 11/01/2008 5E18366947053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01008 ASX VARIATION OF TAKEOVER OFFER7053A 20/12/2007 20/12/2007 2 20/12/2007 5E18279577053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01008 ASX VARIATION OF TAKEOVER OFFER01009 ASX TAKEOVER OTHER7053A 06/12/2007 06/12/2007 125 06/12/2007 5518201737053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01003 ASX PART B STATEMENT7053A 22/11/2007 22/11/2007 2 22/11/2007 5E18118577053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01009 ASX TAKEOVER OTHER7053A 21/11/2007 21/11/2007 58 21/11/2007 5E18110237053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE07003 ASX OTHER7053A 15/11/2007 15/11/2007 2 15/11/2007 5E18079787053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08003 ASX RESULTS OF MEETING7053A 15/11/2007 15/11/2007 32 15/11/2007 5E18077767053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 14/11/2007 14/11/2007 5 14/11/2007 5518070727053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 13/11/2007 13/11/2007 7 13/11/2007 5518060687053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 307053A 07/11/2007 07/11/2007 57 07/11/2007 5E18037287053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01002 ASC PART A STATEMENT7053A 23/10/2007 23/10/2007 1 23/10/2007 5517937217053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE07001 ASX ASSET ACQUISITION7053A 08/10/2007 08/10/2007 3 08/10/2007 5517864287053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08001 ASX NOTICE OF ANNUAL MEETING388 28/09/2007 18/10/2007 43 30/06/2007 024113127388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2007)DISCLOSING ENTITY7053A 26109/2007 26/09/2007 64 26/09/2007 5E17805337053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORTPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref., B ANDREWS 01 Page 18/40

ASIC Historical Company Extract ABN: 1706326365003002 ASX TOP 20 SHAREHOLDERS03011 ASX ASC ANNUAL AUDITED ACCOUNTS03012 ASX ASC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03020 FULL YEAR ACCOUNTS7053A 07/09/2007 07/09/2007 2 07/09/2007 5E17723117053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 06/09/2007 06/09/2007 2 06/09/2007 5E17715877053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 03/09/2007 03/09/2007 1 03/09/2007 5E17697117053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 AEX DIVIDEND RATE7053A 22/08/2007 22/08/2007 54 22/08/2007 5517627877053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT03011 ASK ASC ANNUAL AUDITED ACCOUNTS03012 ASX ASC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03020 FULL YEAR ACCOUNTS10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 22/08/2007 22/08/2007 50 22/08/2007 5E17627897053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT7053A 22/08/2007 22/08/2007 1 22/08/2007 5E17627787053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 08/08/2007 08/08/2007 2 08/08/2007 5E17545507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 03/07/2007 03/07/2007 2 03/07/2007 5E17332297053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 02/07/2007 02/07/2007 1 02/07/2007 5E17319047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHERFS53 16/05/2007 06/06/2007 12 16/05/2007 023681208FS53A NOTIFICATION OF USE OF PDS - BY AFS LICENSEE7053A 09/05/2007 09/05/2007 3 09/05/2007 5E17046447053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11002 ASK PROGRESS REPORT - OTHERFS02 08/05/2007 08/05/2007 24 08/05/2007 0L0501533FS02 COPY OF AFS LICENCE484 13/04/2007 07/05/2007 14 13/04/2007 023622089484 CHANGE TO COMPANY DETAILS484A2 CHANGE MEMBER NAME OR ADDRESS484D CHANGE TO ULTIMATE HOLDING COMPANY484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484N CHANGES TO (MEMBERS) SHARE HOLDINGS7053A 30/03/2007 30/03/2007 34 30/03/2007 5E16855567053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11002 ASX PROGRESS REPORT - OTHERPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 19/40

ASIC Historical Company Extract ABN: 170632636507053A 28/03/2007 28/03/2007 2 28/03/2007 5E16841797053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 16/03/2007 16/03/2007 3 16/03/2007 5E16785767053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE07001 ASX ASSET ACQUISITION7053A 14/03/2007 14/03/2007 1 14/03/2007 5516770477053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE07001 ASX ASSET ACQUISITION7053A 13/03/2007 13/03/2007 7 13/03/2007 5E16763107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 13/03/2007 13/03/2007 2 13/03/2007 5E16763147053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 02/03/2007 02/03/2007 5 02/03/2007 5516714887053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 01/03/2007 01/03/2007 1 01/03/2007 5516713397053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND ROOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 22/02/2007 22/02/2007 27 22/02/2007 5516660697053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 22/02/2007 22/02/2007 29 22/02/2007 5E16658287053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT10001 ASX DIVIDEND BOOKS CLOSING10002 MX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE03009 ASX HALF-YEARLY AUDIT REVIEW03010 MX HALF-YEARLY DIRECTOR’S STATEMENT03015 ASX MC HALF-YEARLY AUDITED ACCOUNTS03019 HALF YEARLY REPORT AND HALF YEAR ACCOUNTS7053A 21/02/2007 21/02/2007 1 21/02/2007 5E16653067053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PA? DATE10003 ASIC DIVIDEND RATE7053A 15/02/2007 15/02/2007 2 15/02/2007 5E16618217053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE01001 ASX INTENTION TO MAKE A T/OVER OFFER01009 ASX TAKEOVER OTHER06009 ASX ISSUED CAPITAL - OTHER7053A 21/12/2006 21/12/2006 2 21/12/2006 5E16399237053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 15/12/2006 15/12/2006 1 15/12/2006 5E16351077053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT12008 ASX COMPANY ADMINISTRATION - OTHER7053A 16/11/2006 16/11/2006 2 16/11/2006 5516164267053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08003 ASX RESULTS OF MEETING7053A 16/11/2006 16/11/2006 30 16/11/2006 5E16159647053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE15001 ASX CHAIRMAN’S ADDRESS * OTHERPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 20/40

ASIC Historical Company Extract ABN: 170632636507053A 12/10/2006 12/10/2006 3 12/10/2006 5E15916407053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08001 ASX NOTICE OF ANNUAL MEETING7053A 26/09/2006 26/09/2006 76 26/09/2006 5E15800687053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORT03002 ASX TOP 20 SHAREHOLDERS03011 ASX ASC ANNUAL AUDITED ACCOUNTS03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03012 ASX ASC ANNUAL AUDIT REVIEW03020 FULL YEAR ACCOUNTS7053A 13/09/2006 13/09/2006 8 13/09/2006 5515709637053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 13/09/2006 13/09/2006 2 13/09/2006 5E15709607053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 13/09/2006 13/09/2006 8 13/09/2006 5E15709617053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 13/09/2006 13/09/2006 2 13/09/2006 5E15709587053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICEFS53 12/09/2006 12/09/2006 11 06/09/2006 023148848FS53A NOTIFICATION OF USE OF PDS - BY AFS LICENSEE7053A 01/09/2006 01/09/2006 1 01/09/2006 5E15625417053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10005 ASX DIVIDEND - OTHER7053A 31/08/2006 31/08/2006 9 31/08/2006 5515620417053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 21/08/2006 21/08/2006 45 21/08/2006 5E15574127053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT7053A 18/08/2006 18/08/2006 1 18/08/2006 5515571087053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 18/08/2006 18/08/2006 13 18/08/2006 5515571147053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY * FINAL STATEMENT10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 27/07/2006 27/07/2006 1 27/07/2006 5515492967053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 03/07/2006 03/07/2006 3 03/07/2006 5515409957053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 03/07/2006 03/07/2006 2 03/07/2006 5E15409477053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER10005 ASX DIVIDEND - OTHER7053A 21/06/2006 21/06/2006 2 21/06/2006 5E15361007053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHERPrinted by Espreon 24/11/2010 15:26 PM AEST For LCR Ref: B ANDREWS 01 Page 21/40

ASIC Historical Company Extract ABN: 1706326365003014 ASX PERIODIC REPORTS - OTHERFS02 09/06/2006 09/06/2006 0 09/06/2006 0L0303676FS02 COPY OF AFS LICENCE7053A 10/05/2006 10/05/2006 1 10/05/2006 5E15220017053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE12008 ASX COMPANY ADMINISTRATION - OTHER484 18/04/2006 26/04/2006 18 20/04/2006 022783250484 CHANGE TO COMPANY DETAILS484A2 CHANGE MEMBER NAME OR ADDRESS484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484N CHANGES TO (MEMBERS) SHARE HOLDINGS7053A 22/03/2006 22/03/2006 2 22/03/2006 5515020637053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 22/03/2006 22/03/2006 2 22/03/2006 5E15020547053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT7053A 20/03/2006 20/03/2006 7 20/03/2006 5E15009497053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3D7053A 20/03/2006 20/03/2006 2 20/03/2006 5E15009537053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 20/03/2006 20/03/2006 2 20/03/2006 5515009547053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 14/03/2006 14/03/2006 2 14/03/2006 5E14979037053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 13/03/2006 13/03/2006 8 13/03/2006 5E14972687053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 02/03/2006 02/03/2006 1 02/03/2006 5E14935757053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 27/02/2006 27/02/2006 2 27/02/2006 5E14915597053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 16/02/2006 16/02/2006 30 16/02/2006 5E14850937053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT7053A 16/02/2006 16/02/2006 16 16/02/2006 5E14850307053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT7053A 16/02/2006 16/02/2006 35 16/02/2006 5514849387053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE03009 ASX HALF-YEARLY AUDIT REVIEW03010 ASX HALF-YEARLY DIRECTOR’S STATEMENT03015 ASX ASC HALF-YEARLY AUDITED ACCOUNTS03019 HALF YEARLY REPORT AND HALF YEAR ACCOUNTS7053A 08/02/2006 08/02/2006 7 08/02/2006 5E1479933Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 22/40

ASIC Historical Company Extract ABN: 170632636507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 08/02/2006 08/02/2006 2 08/02/2006 5E14799347053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 08/02/2006 08/02/2006 7 08/02/2006 5E14792087053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3D7053A 21/12/2005 21/12/2005 8 21/12/2005 5E14653937053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 20/12/2005 20/12/2005 3 20/12/2005 5E14646407053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03002 ASX TOP 20 SHAREHOLDERS7053A 19/12/2005 19/12/2005 8 19/12/2005 5E14641147053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 16/12/2005 16/12/2005 7 16/12/2005 5E14633507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02001 ASX FORM 603 - BECOMING A SUBSTANTIAL SHAREHOLDER7053A 09/12/2005 09/12/2005 1 09/12/2005 5E14603987053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06003 ASX PLACEMENT09014 ASX TRADING HALT LIFTED7053A 07/12/2005 07/12/2005 1 07/12/2005 5E14593497053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER12008 ASX COMPANY ADMINISTRATION - OTHER7053A 07/12/2005 07/12/2005 1 07/12/2005 5E14593417053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE09007 ASX TRADING HALT7053A 17/11/2005 17/11/2005 2 17/11/2005 5E14517677053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08003 ASX RESULTS OF MEETING7053A 17/11/2005 17/11/2005 25 17/11/2005 5E14515697053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE15002 ASX CHAIRMAN’S ADDRESS7053A 09/11/2005 09/11/2005 1 09/11/2005 5E14480867053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11002 ASX PROGRESS REPORT - OTHER7053A 07/11/2005 07/11/2005 2 07/11/2005 5E14472367053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 24/10/2005 24/10/2005 2 24/10/2005 5E14398887053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 10/10/2005 10/10/2005 3 10/10/2005 5E14342007053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08001 ASX NOTICE OF ANNUAL MEETING7053A 05/10/2005 05/10/2005 2 05/10/2005 5E14328557053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 30/09/2005 30/09/2005 43 30/09/2005 5E14311697053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORT03002 ASX TOP 20 SHAREHOLDERS03011 ASX ASC ANNUAL AUDITED ACCOUNTSPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 23/40

ASIC Historical Company Extract ABN: 1706326365003012 ASX ASC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03020 FULL YEAR ACCOUNTS7053A 22/09/2005 22/09/2005 2 22/09/2005 5514277087053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 21/09/2005 21/09/2005 8 21/09/2005 5514267527053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3D7053A 12/09/2005 12/09/2005 1 12/09/2005 5E14225197053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11002 ASX PROGRESS REPORT - OTHER7053A 29/08/2005 29/08/2005 1 29/08/2005 5514173827053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 25/08/2005 25/08/2005 35 25/08/2005 5E14155717053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 25/08/2005 25/08/2005 12 25/08/2005 5514155557053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10004 ASX DIVIDEND ALTERATION7053A 25/08/2005 25/08/2005 2 25/08/2005 5E14155567053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHERFS53 08/07/2005 14/07/2005 6 06/07/2005 021268423FS53A NOTIFICATION OF USE OF PUS - BY AFS LICENSEE7053A 01/07/2005 01/07/2005 1 01/07/2005 5513911407053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 28/06/2005 28/06/2005 8 28/06/2005 5E13892857053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 11/05/2005 11/05/2005 2 1110512005 5513712987053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER484 09/05/2005 10/05/2005 22 09/05/2005 750380068484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484A2 CHANGE MEMBER NAME OR ADDRESS484 20/04/2005 20/04/2005 2 18/04/2005 1E0855835484A1 CHANGE TO COMPANY DETAILS CHANGE OFFICEHOLDER NAME ORADDRESS7053A 31/03/2005 31/03/2005 7 31/03/2005 5E13552197053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3D7053A 31/03/2005 31/03/2005 2 31/03/2005 5513551937053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 24/03/2005 24/03/2005 2 24/03/2005 5E13538007053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICEPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 24/40

ASIC Historical Company Extract ABN: 170632636507053A 08/03/2005 08/03/2005 1 08/03/2005 5E13465287053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10005 ASX DIVIDEND - OTHER10003 ASX DIVIDEND RATE10002 ASX DIVIDEND PAY DATE7053A 04/03/2005 04/03/2005 1 04/03/2005 5E13456977053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 28/02/2005 28/02/2005 8 28/02/2005 5E13431687053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02003 ASX FORM 605 - CEASING TO BE A SUBSTANTIAL SHAREHOLDER7053A 23/02/2005 23/02/2005 21 23/02/2005 5513407767053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 23/02/2005 23/02/2005 18 23/02/2005 5E13407497053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE03009 ASX HALF-YEARLY AUDIT REVIEW03010 ASX HALF-YEARLY DIRECTOR’S STATEMENT03015 ASX ASC HALF-YEARLY AUDITED ACCOUNTS03019 HALF YEARLY REPORT AND HALF YEAR ACCOUNTS7053A 23/02/2005 23/02/2005 1 23/02/2005 5E13407517053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 01/02/2005 01/02/2005 7 01/02/2005 5E13316597053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 01/02/2005 01/02/2005 2 01/02/2005 5513316607053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 25/01/2005 25/01/2005 2 25/01/2005 5E13285117053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 20/01/2005 20/01/2005 7 20/01/2005 5E13269597053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3D7053A 08/12/2004 08/12/2004 7 08/12/2004 5513128387053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 06/12/2004 06/12/2004 2 06/12/2004 5E13114247053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 06/12/2004 06/12/2004 2 06/12/2004 5E13113057053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 24/11/2004 24/11/2004 14 24/11/2004 5513050577053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 17/11/2004 17/11/2004 1 17/11/2004 5513014907053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 15/11/2004 15/11/2004 2 15/11/2004 5E13002047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08003 ASX RESULTS OF MEETINGPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 25140

ASIC Historical Company Extract ABN: 170632636507053A 15/11/2004 15/11/2004 15 15/11/2004 5E12999897053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 11/11/2004 11/11/2004 7 11/11/2004 5E12986307053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 14/10/2004 14/10/2004 11 14/10/2004 5E12844957053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE08001 ASX NOTICE OF ANNUAL MEETING7057 14/10/2004 15/10/2004 1 14/10/2004 0203509287057 DOCUMENT LODGED AS CONDITION OF S1084/S741(1) EXEMPTION- PROSPECTUS7053A 13/10/2004 13/10/2004 60 13/10/2004 5E12841117053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE06010 ASX PROSPECTUS7053A 13/10/2004 13/10/2004 10 13/10/2004 5E12841127053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 38764B 13/10/2004 14/10/2004 62 21/10/2004 018792243764BA PROSPECTUS FOR EQUITIES - UNQUOTED7053A 12/10/2004 12/10/2004 2 12/10/2004 5E12831697053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 05/10/2004 05/10/2004 2 05/10/2004 5E12805377053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 05/10/2004 05/10/2004 8 05/10/2004 5B12805387053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 05/10/2004 05/10/2004 8 05/10/2004 5E12805257053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 04/10/2004 04/10/2004 2 04/10/2004 5E12799457053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 29/09/2004 29/09/2004 48 29/09/2004 5E12780687053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORT03002 ASX TOP 20 SHAREHOLDERS03011 ASX ASC ANNUAL AUDITED ACCOUNTS03012 ASX ASC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03020 FULL YEAR ACCOUNTS7053A 28/09/2004 28/09/2004 2 28/09/2004 5E12769977053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 08/09/2004 08/09/2004 2 08/09/2004 5E12676777053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02002 ASX FORM 604 - CHANGE IN A SUBSTANTIAL SHAREHOLDER7053A 03/09/2004 03/09/2004 8 03/09/2004 5E12656447053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 26/08/2004 26/08/2004 30 26/08/2004 5E12610817053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 26/08/2004 26/08/2004 12 26/08/2004 5E1260824Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 26/40

ASIC Historical Company Extract ABN: 170632636507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 17/08/2004 17/0812004 8 17/08/20047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 13/07/2004 13/07/2004 8 13/07/20047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 12/07/2004 12/07/2004 1 12/07/20047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE12003 ASX DETAILS OF REGISTERED OFFICE ADDRESS484 12/07/2004 12/07/2004 2 12/07/2004484 CHANGE TO COMPANY DETAILS484B CHANGE OF REGISTERED ADDRESS484C CHANGE OF PRINCIPAL PLACE OF BUSINESS (ADDRESS)7053A 01/07/2004 01/07/2004 1 01/07/20047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 11/06/2004 11/06/2004 22 11/06/20047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 08/06/2004 08/06/2004 1 08/06/20047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 26/05/2004 26/05/2004 1 26/05/20047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORTFS53 25/05/2004 08/07/2004 5 24/05/2004FS53A NOTIFICATION OF USE OF PDS - BY AFS LICENSEE7053A 17/05/2004 17/05/2004 8 17/05/20047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02001 ASX FORM 603 - BECOMING A SUBSTANTIAL SHAREHOLDER484 17/05/2004 18/05/2004 3 18/05/2004484 CHANGE TO COMPANY DETAILS484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE7053A 10/05/2004 10/05/2004 5 10/05/20047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02003 ASX FORM 605 - CEASING TO BE A SUBSTANTIAL SHAREHOLDER7053A 27/04/2004 27/04/2004 8 27/04/20047053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02001 ASX FORM 603 - BECOMING A SUBSTANTIAL SHAREHOLDER484 15/04/2004 17/04/2004 112 15/04/2004484 CHANGE TO COMPANY DETAILS484A CHANGE OF OFFICEHOLDER/MEMBER NAME OR ADDRESS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS5E12562205E12390345E12382241E006 97 825E12324675E12223465E12202295E1214 8720204437055E12113630203582335E12085035E1201667020314385492 14/04/2004 20/04/2004 2 14/04/2004 0E9762925492 NOTIFICATION OF CORRECTIONSAlters 0E7 768 729484 14/04/2004 19/04/2004 33 14/04/2004 020281208484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUEPrinted by Espreon 24/1112010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 27/40

ASIC Historical Company ExtractABN: 17063263650484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 13/04/2004 13/04/2004 2 0E9759738484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484A CHANGE OF OFFICEHOLDER/MEMBER NAME OR ADDRESS492 13/04/2004 16/04/2004 2 09/04/2004 0E9759740492 NOTIFICATION OF CORRECTIONSAlters 057 768 7297053A 13/04/2004 13/04/2004 8 13/04/2004 5511954977053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3BFS02 13/04/2004 13/04/2004 23 13/04/2004 0L0301603FS02 COPY OF AFS LICENCE909 25/03/2004 29/03/2004 1 22/03/2004 020201261909 NOTICE OF ADDRESS OF BRANCH REGISTER7053A 19/03/2004 19/03/2004 1 19/03/2004 5511855707053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 19/03/2004 19/03/2004 8 19/03/2004 5E11855717053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 357053A 19/03/2004 19/03/2004 5 19/03/2004 5511853697053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02001 ASX FORM 603 - BECOMING A SUBSTANTIAL SHAREHOLDER7053A 18/03/2004 18/03/2004 5 18/03/2004 5E11838787053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE12004 ASX DETAILS PF SHARE REGISTRY ADDRESS09012 ASX CORRECTION TO PREVIOUS NOTICE7053A 18/03/2004 18/03/2004 5 18/03/2004 5511838447053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE12003 ASX DETAILS OF REGISTERED OFFICE ADDRESS7053A 12/03/2004 12/03/2004 8 12/03/2004 5511795327053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 357053A 04/03/2004 04/03/2004 8 04/03/2004 5E11761437053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 357053A 26/02/2004 26/02/2004 1 26/02/2004 5511723787053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING7053A 26/02/2004 26/02/2004 16 26/02/2004 5E11720817053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT03009 ASX HALF-YEARLY AUDIT REVIEW03010 ASX HALF-YEARLY DIRECTOR’S STATEMENT03015 ASX ASC HALF-YEARLY AUDITED ACCOUNTS03019 HALF YEARLY REPORT AND HALF YEAR ACCOUNTS10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 26/02/2004 26/02/2004 9 26/02/2004 5511720837053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHERFS53 10/02/2004 11/02/2004 5 04/02/2004 019715048F553A NOTIFICATION OF USE OF PDS - BY AFS LICENSEE7053A 20/01/2004 20/01/2004 2 20/01/2004 551151387Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 28/40

ASIC Historical Company Extract ABN: 170632636507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 14/01/2004 14/01/2004 8 14/01/2004 5811488247053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3D7053A 22/12/2003 22/12/2003 8 22/12/2003 5811434687053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 10/12/2003 10/12/2003 1 10/12/2003 5E11380347053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHERFS02 10/12/2003 10/12/2003 23 10/12/2003 0L0300738FS02 COPY OF AFS LICENCE7053A 03/12/2003 03/12/2003 8 03/12/2003 5E11344037053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 03/12/2003 03/12/2003 8 03/12/2003 5811344057053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 38FSSO 14/11/2003 17/11/2003 3 14/11/2003 019719241FS50 PDS OPT-IN NOTICE484 11/11/2003 11/11/2003 2 31/10/2003 089338003484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER7053A 07/11/2003 07/11/2003 8 07/11/2003 5E11227807053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 07/11/2003 07/11/2003 2 07/11/2003 5811227817053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03002 ASX TOP 20 SHAREHOLDERS7053A 31/10/2003 31/10/2003 2 31/10/2003 5E11197507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08003 ASX RESULTS OF MEETING7053A 31/10/2003 31/10/2003 31 31/10/2003 5811193117053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER484 29/10/2003 29/10/2003 1 18/10/2003 0892899324840 CHANGE TO COMPANY DETAILS CHANGE TO ULTIMATE MOLDING COMPANY7053A 02/10/2003 02/10/2003 1 02/10/2003 5811054197053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 30/0912003 30/09/2003 27 30/09/2003 5811034347053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORT03002 ASX TOP 20 SHAREHOLDERS03011 ASX ASC ANNUAL AUDITED ACCOUNTS03012 ASX ASC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03020 FULL YEAR ACCOUNTS388 30/09/2003 17/11/2003 28 30/06/2003 019777885388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2003)DISCLOSING ENTITY7053A 30/09/2003 30/09/2003 7 30/09/2003 5E11030647053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08001 ASX NOTICE OF ANNUAL MEETING7053A 30/09/2003 30/09/2003 8 30/09/2003 5E1102865Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 29/40

ASIC Historical Company Extract ABN: 170632636507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 30/09/2003 30/09/2003 1 30/09/2003 5E11028687053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03002 ASX TOP 20 SHAREHOLDERS7053A 30/09/2003 30/09/2003 44 30/09/2003 5311028727053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORT03002 ASX TOP 20 SHAREHOLDERS03011 ASX ASC ANNUAL AUDITED ACCOUNTS03012 ASX ASC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03020 FULL YEAR ACCOUNTS7053A 19/09/2003 19/09/2003 2 19/09/2003 5310974987053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 19/09/2003 19/09/2003 2 19/09/2003 5E10974997053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 17/09/2003 17/09/2003 1 17/09/2003 5310953767053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06003 ASX PLACEMENT7053A 16/09/2003 16/09/2003 2 16/09/2003 5310944447053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE09007 ASX TRADING HALTFS02 12/09/2003 12/09/2003 20 12/09/2003 01.0500190FS02 COPY OF AFS LICENCEFR12 11/09/2003 24/03/2005 2 11/09/2003 019529525FR12D NOTICE OF EXEMPTION/DECLARATION FSR TRANSITION NOTICE OFDECLARATION 51442FR12 11/09/2003 24/03/2005 2 11/09/2003 019529524FR12C NOTICE OF EXEMPTION/DECLARATION FSR TRANSITION NOTICE OFEXEMPTION S1442766C 11/09/2003 12/09/2003 3 11/09/2003 019126613766C SUPPLEMENTARY DISCLOSURE DOCUMENT FOR MANAGED INVESTMENTSCHEMEAlters 017 571 2327053A 11/09/2003 11/09/2003 21 11/09/2003 5310924207053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11002 ASX PROGRESS REPORT - OTHER03014 ASX PERIODIC REPORTS - OTHER7053A 11/09/2003 11/09/2003 21 11/09/2003 5310924257053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER11001 ASX PROGRESS REPORT484 08/09/2003 17/09/2003 2 18/08/2003 0E91122644843 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER7053A 04/09/2003 04/09/2003 8 04/09/2003 5310894277053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 337053A 27/08/2003 27/08/2003 8 27/08/2003 5310858687053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 27/08/2003 27/08/2003 1 27/08/2003 5E1085869Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 30/40

ASIC Historical Company Extract ABN: 170632636507053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER03003 ASX PRELIMINARY - FINAL STATEMENT7053A 19/08/2003 19/08/2003 1 19/08/2003 5E10823077053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE12007 ASX CO. SECRETARY APPOINTMENT/RESIGNATION7053A 07/08/2003 07/08/2003 14 07/08/2003 5E10784007053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B03002 ASX TOP 20 SHAREHOLDERS7053A 06/08/2003 06/08/2003 14 06/08/2003 5E10781587053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3803002 ASX TOP 20 SHAREHOLDERS7053A 28/07/2003 28/07/2003 2 28/07/2003 5E10744487053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE07001 ASX ASSET ACQUISITION7053A 17/07/2003 17/07/2003 8 17/07/2003 5E10722037053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 01/07/2003 01/07/2003 1 01/07/2003 5E10666947053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 19/06/2003 20/06/2003 1 19/06/2003 5E10628867053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE07001 ASX ASSET ACQUISITION7053A 17/06/2003 17/06/2003 1 17/06/2003 5510617667053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT03014 ASX PERIODIC REPORTS - OTHER7053A 05/06/2003 05/06/2003 1 05/06/2003 5510579127053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE754C 28/05/2003 29/05/2003 56 28/05/2003 019120153754C REPLACEMENT PROSPECTUS FOR MANAGED INVESTMENT SCHEMEAlters 017 571 2327053A 22/05/2003 22/05/2003 2 22/05/2003 5E10531427053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 06/05/2003 06/05/2003 1 06/05/2003 5E10477007053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 22/04/2003 22/04/2003 1 22/04/2003 5E10434117053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE07001 ASX ASSET ACQUISITION7053A 22/04/2003 22/04/2003 2 22/04/2003 5510433777053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE07001 ASX ASSET ACQUISITION7053A 24/03/2003 24/03/2003 2 24/03/2003 5E10344597053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE207 04/03/2003 18/03/2003 1 31/12/2002 018046071207 NOTIFICATION OF SHARE ISSUE207 04/03/2003 18/03/2003 1 14/02/2003 018046070207 NOTIFICATION OF SHARE ISSUEPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 31/40

ASIC Historical Company Extract ABN: 170632636507053A 04/03/2003 04/03/2003 21 04/03/2003 5E10251797053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT7053A 04/03/2003 04/03/2003 1 04/03/2003 5E10251807053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 04/03/2003 04/03/2003 19 04/03/2003 5E10251837053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03015 ASX AEC HALF-YEARLY AUDITED ACCOUNTS03009 ASX HALF-YEARLY AUDIT REVIEW03010 ASX HALF-YEARLY DIRECTOR’S STATEMENT7053A 12/02/2003 12/02/2003 1 12/02/2003 5510165737053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 11/02/2003 11/02/2003 2 11/02/2003 5E10154847053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 06/02/2003 06/02/2003 2 06/02/2003 5E10101337053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 04/02/2003 04/02/2003 8 04/02/2003 5510079027053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B7053A 31/01/2003 31/01/2003 2 31/01/2003 5510005697053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 22/01/2003 22/01/2003 2 22/01/2003 5509872797053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTOR’S INTEREST NOTICE7053A 13/12/2002 13/12/2002 2 13/12/2002 5E09579847053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 14/11/2002 14/11/2002 3 14/11/2002 5E09336107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08003 ASX RESULTS OF MEETING7053A 13/11/2002 13/11/2002 2 13/11/2002 5509328007053A DISCLOSURE NOTICE - Ex AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 01/11/2002 01/11/2002 2 01/11/2002 5509250627053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11001 ASX PROGRESS REPORT902 18/10/2002 18/10/2002 1 17/10/2002 057803040902 SUPPLEMENTARY DOCUMENTAlters 057 768 729388 17/10/2002 12/11/2002 28 30/06/2002 018410815388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2002)DISCLOSING ENTITY7053A 16/10/2002 16/10/2002 37 16/10/2002 5509117647053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORT03002 ASX TOP 20 SHAREHOLDERS03011 ASX ASC ANNUAL AUDITED ACCOUNTS03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT03012 ASX ASC ANNUAL AUDIT REVIEW7053A 15/10/2002 15/10/2002 1 15/10/2002 5509108987053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORTPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 32140

ASIC Historical Company Extract ABN: 17063263650316 11/10/2002 18/10/2002 5 01/10/2002 0E7768729316H ANNUAL RETURN - LISTED PUBLIC COMPANY (AR 2002)Altered by 0E7 803 040Altered by 0E9 759 740Altered by 0E9 762 925752 12/09/2002 12/09/2002 2 12/09/2002 017571235752 DOCUMENT LODGED IN RELATION TO SHORT FORM PROSPECTUS752 12/09/2002 12/09/2002 2 12/09/2002 017571234752 DOCUMENT LODGED IN RELATION TO SHORT FORM PROSPECTUS752 12/09/2002 12/09/2002 2 12/09/2002 017571233752 DOCUMENT LODGED IN RELATION TO SHORT FORM PROSPECTUS764C 12/09/2002 12/09/2002 62 20/09/2002 017571232764C PROSPECTUS FOR MANAGED INVESTMENT SCHEME(S)Altered by 019 120 153Altered by 019 120 153Altered by 019 126 613Altered by 019 126 6137053A 10/09/2002 10/09/2002 21 10/09/2002 5E08897377053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE03012 ASX ASC ANNUAL AUDIT REVIEW7053A 31/07/2002 31/07/2002 2 31/07/2002 5508676587053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE07001 ASX ASSET ACQUISITION7053A 08/07/2002 08/07/2002 1 08/07/2002 5508572997053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 03/07/2002 03/07/2002 3 03/07/2002 5E08557787053A DISCLOSURE NOTICE EX AUSTRALIAN STOCK EXCHANGE11002 ASX PROGRESS REPORT - OTHER03014 ASX PERIODIC REPORTS - OTHER10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE754C 28/06/2002 02/07/2002 0 28/06/2002 017531421754C REPLACEMENT PROSPECTUS FOR MANAGED INVESTMENT SCHEMEAlters 017 510 590752 29/05/2002 30/05/2002 4 29/05/2002 017523272752 DOCUMENT LODGED IN RELATION TO SHORT FORM PROSPECTUS752 29/05/2002 30/05/2002 4 29/05/2002 017523271752 DOCUMENT LODGED IN RELATION TO SHORT FORM PROSPECTUS752 29/05/2002 30/05/2002 4 29/05/2002 017523270752 DOCUMENT LODGED IN RELATION TO SHORT FORM PROSPECTUS754C 29/05/2002 30/05/2002 56 29/05/2002 017523269754C REPLACEMENT PROSPECTUS FOR MANAGED INVESTMENT SCHEMEAlters 017 510 5907053A 23/05/2002 23/05/2002 9 23/05/2002 5E08417337053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 38207 23/05/2002 31/05/2002 1 17/05/2002 018206105207 NOTIFICATION OF SHARE ISSUE7036 17/05/2002 30/05/2002 1 17/05/2002 0182254527036A LICENSEES NOTICE OF CHANGES TO DETAILS OF PROPER AUTHORITYPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 33/40

ASIC Historical Company Extract ABN: 17063263650HOLDERS SECURITIES DEALER207 15/04/2002 29/04/2002 1 04/04/2002207 NOTIFICATION OF SHARE ISSUE7053A 11104/2002 11/04/2002 10 11/04/20027053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 3B03002 ASX TOP 20 SHAREHOLDERS7053A 08/03/2002 08/03/2002 1 08/03/20027053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE10001 ASX DIVIDEND BOOKS CLOSING7053A 07/03/2002 07/03/2002 23 07/03/20027053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 22/02/2002 22/02/2002 3 22/02/20027053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER7053A 30/01/2002 30/01/2002 3 30/01/20027053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02009 ASX CHANGE OF DIRECTORS INTEREST NOTICE207 22/01/2002 07/02/2002 1 15/11/2001207 NOTIFICATION OF SHARE ISSUE207 22/01/2002 07/02/2002 1 24/12/2001207 NOTIFICATION OF SHARE ISSUE7053A 21/01/2002 21/01/2002 8 21/01/20027053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 17/01/2002 17/01/2002 8 17/01/20027053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 03/01/2002 03/01/2002 11 03/01/20027053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02007 ASX SECTION 205G NOTICE - DIRECTORS INTERESTS7053A 24/12/2001 24/12/2001 2 24/12/20017053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06003 ASX PLACEMENT7053A 20/12/2001 20/12/2001 9 20/12/20017053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06013 ASX - APPENDIX 387053A 22/11/2001 22/11/2001 2 22/11/20017053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE08003 ASX RESULTS OF MEETING7053A 21/11/2001 21/11/2001 1 21/11/20017053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER0178314895E08277135E0815208580814 9675EO80 90045807853320177204390177204385807 672305807 643325807470835807445545E074 17405E0716918580715959764C 16/11/2001 16/11/2001 58 24/11/2001 017510590764C PROSPECTUS FOR MANAGED INVESTMENT SCHEME(S)Altered by 017 523 269Altered by 017 523 269Altered by 017 531 421Altered by 017 531 421902 25/10/2001 26/10/2001 1 25/10/2001 OE6339416902 SUPPLEMENTARY DOCUMENTAlters 086 307 104Printed by Espreon 24/1112010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 34/40

ASIC Historical Company Extract ABN: 170632636507053A 22/10/2001 22/10/2001 48 22/10/2001 5E06940617053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03001 ASX ANNUAL REPORT03002 ASX TO? 20 SHAREHOLDERS03011 ASX ASC ANNUAL AUDITED ACCOUNTS03012 ASX ASC ANNUAL AUDIT REVIEW03013 ASX ASC ANNUAL DIRECTOR’S STATEMENT316 18/10/2001 26/10/2001 5 01/10/2001 056307104316G ANNUAL RETURN - UNLISTED PUBLIC COMPANY (AR 2001)Altered by 0E6 339 4167648 10/10/2001 12/10/2001 124 18/10/2001 017383948764BA PROSPECTUS FOR EQUITIES - UNQUOTED388 09/10/2001 19/11/2001 40 30/06/2001 017653272388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2001)DISCLOSING ENTITY7053A 03/10/2001 03/10/2001 2 03/10/2001 5E06832097053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE14001 ASX OTHER304 12/09/2001 12/09/2001 1 05/09/2001 0E6169176304C NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER7053A 06/09/2001 06/09/2001 3 06/09/2001 5506666987053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT10001 ASX DIVIDEND BOOKS CLOSING7053A 06/09/2001 06/09/2001 21 06/09/2001 5506662867053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03003 ASX PRELIMINARY - FINAL STATEMENT03012 ASX ASC ANNUAL AUDIT REVIEW03014 ASX PERIODIC REPORTS - OTHER10001 ASX DIVIDEND BOOKS CLOSING10003 ASX DIVIDEND RATE766C 24/08/2001 24/08/2001 2 24/08/2001 013030618766C SUPPLEMENTARY DISCLOSURE DOCUMENT FOR MANAGED INVESTMENTSCHEMEAlters 016 358 0277053A 22/08/2001 22/08/2001 3 22/08/2001 5506584457053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02007 ASX SECTION 205G NOTICE - DIRECTOR’S INTERESTS766C 04/07/2001 05/07/2001 2 04/07/2001 013005787766C SUPPLEMENTARY DISCLOSURE DOCUMENT FOR MANAGED INVESTMENTSCHEMEAlters 016 358 0277053A 29/06/2001 29/06/2001 2 29/06/2001 5E06370247053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 31/05/2001 31/05/2001 5 31/05/2001 5E06256677053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02007 ASX SECTION 205G NOTICE - DIRECTOR’S INTERESTS7053A 18/04/2001 18/04/2001 5 18/04/2001 5506118807053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE11002 ASX PROGRESS REPORT - OTHER7053A 29/03/2001 29/03/2001 2 29/03/2001 5E06056107053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02007 ASX SECTION 205G NOTICE - DIRECTOR’S INTERESTS766C 22/03/2001 27/03/2001 6 22/03/2001 013038055766C SUPPLEMENTARY DISCLOSURE DOCUMENT FOR MANAGED INVESTMENTSCHEMEAlters 016 358 027Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 35/40

ASIC Historical Company Extract ABN: 170632636507053A 22/0312001 22/03/2001 3 22/03/2001 5E06028237053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 19/03/2001 19/03/2001 3 19/03/2001 5E06012727053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02007 ASX SECTION 205G NOTICE - DIRECTOR’S INTERESTS7053A 12/03/2001 12/03/2001 21 12/03/2001 5E05971817053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03004 ASX HALF-YEARLY REPORT03009 ASX HALF-YEARLY AUDIT REVIEW10001 ASX DIVIDEND BOOKS CLOSING10002 ASX DIVIDEND PAY DATE10003 ASX DIVIDEND RATE7053A 26/02/2001 26/02/2001 1 26/02/2001 5E05904277053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE12007 ASX CO. SECRETARY APPOINTMENT/RESIGNATION304 21/02/2001 27/02/2001 2 20/02/2001 016799616304 NOTIFICATION OF304A CHANGE TO OFFICEHOLDERS OF AUSTRALIAN COMPANY304C CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER7053A 08/02/2001 08/02/2001 2 08/02/2001 5E05800017053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02007 ASX SECTION 205G NOTICE - DIRECTOR’S INTERESTS7053A 22/12/2000 22/12/2000 11 22/12/2000 5E05276537053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE02007 ASX SECTION 205G NOTICE - DIRECTOR’S INTERESTS7053A 20/12/2000 20/12/2000 2 20/12/2000 5E05267667053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03002 ASX TOP 20 SHAREHOLDERS7053A 19/12/2000 20/12/2000 2 19/12/2000 5E05266977053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE09010 ASX STOCK EXCHANGE ANNOUNCEMENT - OTHER7053A 19/12/2000 20/12/2000 3 19/12/2000 5E05266987053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03002 ASX TOP 20 SHAREHOLDERS7053A 19/12/2000 20/12/2000 36 19/12/2000 5505266997053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 19/12/2000 20/12/2000 8 19/12/2000 5EO5267007053A DISCLOSURE NOTICE - LX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 19/12/2000 20/12/2000 59 19/12/2000 5E05267017053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE03014 ASX PERIODIC REPORTS - OTHER7053A 19/12/2000 20/12/2000 1 19/12/2000 5505267027053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06009 ASX ISSUED CAPITAL - OTHER7053A 19/12/2000 20/12/2000 1 19/12/2000 5E05266887053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE09008 ASX ADMISSION TO OFFICIAL LIST7053A 04/12/2000 04/12/2000 68 04/12/2000 5505230057053A DISCLOSURE NOTICE - EX AUSTRALIAN STOCK EXCHANGE06010 ASX PROSPECTUS764B 30/11/2000 01/12/2000 10 08/12/2000 0130199477643A PROSPECTUS FOR EQUITIES - UNQUOTED7057 28/11/2000 29/11/2000 12 28/11/2000 0148453307057 DOCUMENT LODGED AS CONDITION OF S1084/S741(1) EXEMPTIONPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 36/40

ASIC Historical Company Extract ABN: 17063263650- PROSPECTUS2205 22/11/2000 27/11/2000 2 23/10/2000 01671958822058 NOTIFICATION OF RESOLUTION RELATING TO SHARES CONVERT SHARESINTO LARGER OR SMALLER NUMBER316 16/11/2000 16/11/2000 3 23/10/2000 0E5070994316G ANNUAL RETURN - UNLISTED PUBLIC COMPANY (AR 2000)7648 10/11/2000 13/11/2000 70 18/11/2000 013019431764BA PROSPECTUS FOR EQUITIES - UNQUOTED388 11/10/2000 16/11/2000 31 30/06/2000 016511667388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2000)DISCLOSING ENTITY852 20/09/2000 20/09/2000 6 20/09/2000 007960416852A COPY OF OCCUPATIONAL LICENCE OF SECURITIES DEALER207 04/09/2000 20/09/2000 1 30/09/1999 016646397207 NOTIFICATION OF SHARE ISSUE764C 25/08/2000 28/08/2000 42 02/09/2000 016358027764C PROSPECTUS FOR MANAGED INVESTMENT SCHEME(S)Altered by 013 038 055Altered by 013 038 055Altered by 013 005 787Altered by 013 005 787Altered by 013 030 618Altered by 013 030 618766 24/08/2000 24/08/2000 1 24/08/2000 016373978766 SUPPLEMENTARY PROSPECTUS - NON-MANAGED INVESTMENT SCHEME(S)304 04/08/2000 04/08/2000 1 18/07/2000 0E4685016304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY766 13/07/2000 18/07/2000 1 13/07/2000 016373350766 SUPPLEMENTARY PROSPECTUS - NON-MANAGED INVESTMENT SCHEME(S)852 05/06/2000 05/06/2000 6 05/06/2000 014001995852A COPY OF OCCUPATIONAL LICENCE OF SECURITIES DEALER766 02/06/2000 06/06/2000 1 02/06/2000 016372281766 SUPPLEMENTARY PROSPECTUS - NON-MANAGED INVESTMENT SCHEME(S)852 08/05/2000 08/05/2000 6 08/05/2000 016141399852A COPY OF OCCUPATIONAL LICENCE OF SECURITIES DEALER764 06/03/2000 20/03/2000 40 06/03/2000 0129014977648 COPY OF APPLICATION FORM AND PROSPECTUS7018 29/02/2000 08/03/2000 2 29/02/2000 0129015807018 DECLARATION UNDER SUB-SECTION 1084 (6) CORP LAW (OFFERINGSECURITIES FOR SUBSCRIPTION OR PURCHASE)388 12/11/1999 15/11/1999 17 30/06/1998 015565293388 FINANCIAL REPORT (FR 1998)388E COMPANY - APPOINT CHANGE NAME/ADDRESS OF AUDITOR388A FINANCIAL REPORT - PUBLIC COMPANY OR DISCLOSING ENTITY852 06/10/1999 06/10/1999 5 06/10/1999 015111527852A COPY OF OCCUPATIONAL LICENCE OF SECURITIES DEALER304 25/08/1999 25/08/1999 1 24/08/1999 OE3388548304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY205 23/08/1999 23/08/1999 2 23/08/1999 015612017205A NOTIFICATION OF RESOLUTION CHANGING COMPANY NAME766 20/08/1999 26/08/1999 2 20/08/1999 015294935766 SUPPLEMENTARY PROSPECTUS - NON-MANAGED INVESTMENT SCHEME(S)Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 37/40

ASIC Historical Company Extract ABN: 17063263650316 19/08/1999 19/08/1999 3 30/07/1999 0E3369880316G ANNUAL RETURN - UNLISTED PUBLIC COMPANY (AR 1999)315 06/08/1999 18/08/1999 2 26/07/1999 015562221315A NOTICE OF RESIGNATION OR REMOVAL OF AUDITOR RESIGNATION OFAUDITOR201 03/08/1999 03/08/1999 1 30/06/1998 015644304207 NOTIFICATION OF SHARE ISSUE207 29/07/1999 29/07/1999 1 30/06/1999 063297780207 NOTIFICATION OF SHARE ISSUE766 19/05/1999 19/05/1999 9 19/05/1999 015293308766 SUPPLEMENTARY PROSPECTUS - NON-MANAGED INVESTMENT SCHEME (S)7018 17/05/1999 17/05/1999 1 17/05/1999 0151112787018 DECLARATION UNDER SUB-SECTION 1084(6) CORP LAW (OFFERINGSECURITIES FOR SUBSCRIPTION OR PURCHASE)764 26/04/1999 03/05/1999 48 26/04/1999 0152930457648 COPY OF APPLICATION FORM AND PROSPECTUS316 30/11/1998 30/11/1998 16 24/11/1998 063263651316G ANNUAL RETURN - UNLISTED PUBLIC COMPANY (AR 1998)723 02/11/1998 08/12/1998 4 30/06/1998 0138559607238 RETURN BY MANAGEMENT COMPANY - OTHER304 28/10/1998 28/10/1998 1 20/10/1998 062401632304C NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER766 23/06/1998 23/06/1998 5 23/06/1998 013829662766 SUPPLEMENTARY PROSPECTUS - NON-MANAGED INVESTMENT SCHEME(S)7036 29/05/1998 11/06/1998 1 29/05/1998 0139789327036A LICENSEE’S NOTICE OF CHANGES TO DETAILS OF PROPER AUTHORITYHOLDERS SECURITIES DEALER7051 06/04/1998 08/04/1998 7 31/12/1997 0142013557051 HALF YEARLY ACCOUNTS7018 12/03/1998 12/03/1998 1 12/03/1998 0049296767018 DECLARATION UNDER SUB-SECTION 1084(6) CORP LAW (OFFERINGSECURITIES FOR SUBSCRIPTION OR PURCHASE)764 05/03/1998 20/03/1998 43 05/03/1998 013044266764B COPY OF APPLICATION FORM AND PROSPECTUS203 24/12/1997 12/01/1998 1 01/11/1996 013750918203 NOTIFICATION OF203A CHANGE OF ADDRESS2038 CHANGE OF OFFICE HOURS316 24/12/1997 12/01/1998 15 10/12/1997 011727319316G ANNUAL RETURN - UNLISTED PUBLIC COMPANY (AR 1997)205 02/09/1997 02/09/1997 2 30/06/1997 008619245205T NOTIFICATION OF RESOLUTION INCREASE OF SHARE CAPITAL207 29/08/1997 29/08/1997 2 30/06/1997 061342989207 NOTIFICATION OF ALLOTMENT OF SHARES304 19/08/1997 19/08/1997 1 19/08/1997 061321344304C NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER7018 21/03/1997 21/03/1997 1 21/03/1997 0085904647018 DECLARATION UNDER SUB-SECTION 1084 (6) CORP LAW (OFFERINGSECURITIES FOR SUBSCRIPTION OR PURCHASE)764 25/02/1997 12/03/1997 44 25/02/1997 0086319677648 COPY OF APPLICATION FORM AND PROSPECTUSPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 38/40

ASIC Historical Company Extract316 24/12/1996 31/12/1996 15 05/12/1996 011084572316G ANNUAL RETURN - UNLISTED PUBLIC COMPANY (AR 1996)205 14/10/1996 14/10/1996 2 30/06/1996 011083814205T NOTIFICATION OF RESOLUTION INCREASE OF SHARE CAPITAL207 14/10/1996 14/10/1996 2 30/06/1996 011083815207 NOTIFICATION OF ALLOTMENT OF SHARES304 15/05/1996 15/05/1996 1 09/05/1996 050468648304C NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER764 04/04/1996 17/04/1996 43 04/04/1996 008634195764B COPY OF APPLICATION FORM AND PROSPECTUSABN: 170632636507021 04/04/1996 24/04/1996 5 04/04/1996 0086341947021B EXECUTED SUPPLEMENTAL DEED766 03/04/1996 04/04/1996 10 03/04/1996 008647788766 SUPPLEMENTARY PROSPECTUS - NON-MANAGED INVESTMENT SCHEME(S)766 10/01/1996 10/01/1996 6 10/01/1996 008649766766 SUPPLEMENTARY PROSPECTUS - NON-MANAGED INVESTMENT SCHEME(S)316 26/10/1995 27/10/1995 18 13/10/1995 0097395823160 ANNUAL RETURN - UNLISTED PUBLIC COMPANY (AR 1995)766 30/06/1995 30/06/1995 6 30/06/1995 008641921766 SUPPLEMENTARY PROSPECTUS - NON-MANAGED INVESTMENT SCHEME (5)7019 10/05/1995 10/05/1995 2 10/05/1995 0086451877019 DECLARATION THAT COVENANTS NOT REQUIRED FOR DEED7025 24/04/1995 24/04/1995 1 24/04/1995 0086828677025 INSTRUMENT OF APPROVAL OF TRUSTEE OR REPRESENTATIVE764 21/04/1995 05/05/1995 47 21/04/1995 0086467407648 COPY OF APPLICATION FORM AND PROSPECTUS7021 13/04/1995 03/05/1995 47 13/04/1995 0086465697021A EXECUTED PRINCIPAL DEED852 04/04/1995 04/04/1995 2 04/04/1995 008646444852A COPY OF OCCUPATIONAL LICENCE OF SECURITIES DEALER207 29/03/1995 30/03/1995 2 27/03/1995 008322534207 NOTIFICATION OF ALLOTMENT OF SHARES304 24/02/1995 27/02/1995 2 01/02/1995 008326042304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY215 28/03/1994 30/03/1994 2 16/03/1994 005306899215 NOTIFICATION OF INITIAL APPOINTMENT OF OFFICEHOLDERS204 16/03/1994 16/03/1994 2 16/03/1994 006089685204 CERTIFICATE OF REGISTRATION DIVISION 1 PT 2.2305 16/03/1994 16/03/1994 1 16/03/1994 006089683305 NOTIFICATION OF CONSENTING DIRECTORS218 16/03/1994 16/03/1994 25 16/03/1994 006089684218 MEMORANDUM AND ARTICLES OF DIVISION 1 COMPANY201 09/03/1994 09/03/1994 2 09/03/1994 005449437201A APPLICATION FOR REGISTRATION AS A PUBLIC COMPANY410 25/01/1994 25/01/1994 1 25/01/1994 004423304I10A APPLICATION FOR RESERVATION OF A NAME OF A NEW AUSTRALIANCOMPANYNote: Where no Date Processed is shown, the document in question has notbeen processed. In these instances care should be taken in usingPrinted by Espreon 24/11/2010 15:26 PM AEST For: ICR Ref: B ANDREWS 01 Page 39/40

ASIC Historical Company Extract ABN: 17063263650information that may be updated by the document when it is processed. Wherethe Date Processed is shown but there is a zero under No. Pages, the documenthas been processed but a copy is not yet available.Financial ReportsBalance Report AGM Extended AGMDate Due Date Due Date AGM Due Held Date 0/Stand30/06/1998 30/09/1998 Unknown Unknown 30/06/1999 1999063030/06/2000 30/09/2000 Unknown Unknown Unknown Unknown30/06/2001 30/09/2001 Unknown Unknown Unknown Unknown30/06/2002 30/09/2002 Unknown Unknown Unknown Unknown30/06/2003 30/09/2003 Unknown Unknown Unknown Unknown30/06/2007 30/09/2007 Unknown Unknown Unknown Unknown30/06/2008 30/09/2008 Unknown Unknown Unknown UnknownNote: Where the expression "Unknown’ is shown, the precise datemay be available from records taken over on 1 january 1991 andheld by the ASIC in paper or microfiche.*** End of ExtractPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 40/40

ASIC Historical Company Extract ABN: 16081274811ASIC Current and Historical Extract as at Date: 24 Nov 2010 Time: 15:26:05This computer produced extract contains information derived fromthe ASIC database either from documents lodged with the ASICand processed as at the stated date of the extract, or from recordssupplied by previous state and/or territory systems.Please advise the A.S.I.C. promptly of any error or ommissionwhich you may find, so that we can correct it.The Information Division of the Australian Securities & InvestmentsCommission is certified under the Australian Quality Standard AS 3901(International Standard ISO 9001).Section 12748This extract has been prepared by the Australian Securities& Investments Commission from information it obtained,by using a data processor, from the national database.If you believe that this extract contains any error or omissionplease advise the A.S.I.C. promptly.The Information Division of the Australian Securities & Investments Commissionis certified under the Australian Quality Standard AS 3901(International Standard ISO 9001).081 274 811 WILU4OTT FINANCE PTY. LTD. Document NoACN (Australian Company Number): 081 274 811Registered in: VictoriaPrevious State Number:Registration Date; 13/01/1998Next Review Date: 13/01/2011Company bound by;Australian Business Number: 16 081 274 811Current Organisation DetailsName : WILLMOTT FINANCE PTY. LTD. 7E3153136Name Start: 07/10/1998Status ** Under External Administration And/Or Controller Appointed **Type : AUSTRALIAN PROPRIETARY COMPANYClass ; LIMITED BY SHARESSubclass : PROPRIETARY COMPANYOrganisation Details from 07/10/1998 to 05/09/2010Name : WILLMOTT FINANCE PTY. LTD.Name Start: 07/10/1998Status ; RegisteredType ; AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass ; PROPRIETARY COMPANY014483400Organisation Details from 13/01/1998 to 06/10/1998Name : TIMBER CAPITAL PLANTATION PROJECT LAND PT?. LTDName Start: 13/01/1998Status : RegisteredType AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANY013344846Registered Office249 PARK STREET SOUTH MELBOURNE VIC 3205Start Date: 19/07/2004lEO069783Previous Registered OfficePrinted by Espreon 24/1112010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 1/8

ASIC Historical Company Extract ABN: 16081274811335 FERRARS STREET ALBERT PARK VIC 3206 051747269Start Date: 27/01/1998 Cease Date: 18/07/2004LEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121 013344846Start Date: 13/01/1998 Cease Date: 26/01/1998Principal Place of Business249 PARK STREET SOUTH MELBOURNE VIC 3205 1E0069783Start Date: 12/07/2004Previous Principal Place of Business335 FERRARS STREET ALBERT PARK VIC 3206 014475788Start Date: 24/07/1998 Cease Date: 11/07/2004335 FERRARS STREET ALBERT PARK VIC 3206Start Date: 01/07/1998 Cease Date: 23/07/1998DirectorsJONATHAN DAVID MADGWICK 05174726710 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 13/01/1998MARCUS DERHAM 15078191724 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 13/01/1998Previous DirectorsGREGORY ROBERT MAC MILLAN31 RAX4SAY AVENUE KEW EAST VIC 3102Born: 15/02/1953 - MELBOURNE VICAppointment Date: 17/03/2003 Cease Date: 12/12/20080E8701518GREGORY ROBERT MAC MILLAN31 RAMSAY AVENUE KEN EAST VIC 3102Born: 15/02/1953 - MELBOURNE VICAppointment Date: 13/01/1998 Cease Date: 16/08/2000OE1747267DAVID ALAN SMITH 05240163327 BERRIMA AVENUE MALVERN EAST VIC 3145Born: 08/06/1967 - ESSENDON VICAppointment Date: 13/01/1998 Cease Date: 16/08/2000TOM KOTSIMBOS 013351216282 HIGH STREET NORTHCOTE VIC 3070Born: 07/07/1962 - MELBOURNE VICAppointment Date: 13/01/1998 Cease Date: 13/01/1998Previous SecretaryJOHN HUGH RUTLEDGE 15599745814 NORTHCOTE AVENUE BALWYN VIC 3103Born: 09/10/1961 - MELBOURNE VICAppointment Date: 16/11/2009 Cease Date: 09/09/2010JONATHAN DAVID MADGWICK10 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 13/01/1998 Cease Date: 16/11/20090E1747267Printed by Espreon 24/1112010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 2/8

ASIC Historical Company Extract ABN: 16081274811TOM KOTSIMBOS 013351216282 HIGH STREET NORTHCOrE VIC 3070Born: 07/07/1962 - MELBOURNE VICAppointment Date: 13/01/1998 Cease Date: 13/01/1998Ultimate Holding Company063 263 650 WILLMOTT FORESTS LIMITED 0E9289933ANN (Australian Business Number) 17 063 263 650Receiver ManagerBRYAN WEBSTER 026083354KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK FRANCIS XAVIER MENTHA 026083354LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010BRYAN WEBSTER 026083355KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK ANTHONY KORDA 026083355LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Administrator of a Company Under AdministrationCRAIG DAVID CROSBIE 027134977PPB ’PPB LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010IAN MENZIES CARSON 027134977PPB ’PPB LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010Previous Administrator of a Company Under AdministrationAVITUS THOMAS FERNANDEZ 7531531363 CHESTER STREET GLEN WAVERLEY VIC 3150Appointment Date: 06/09/2010 Cease Date: 26/10/2010Share StructureNote: For each class of shares issued by a proprietary company, ASIC recordsthe details of the top twenty members of the class (based on shareholdings)The details of any other members holding the same number of shares as thetwentieth ranked member will also be recorded by ASIC on the database.Where available, historical records show that a member has ceased to beranked amongst the top twenty members. This may, but does not necessarilymean, that they have ceased to be a member of the company.Class: ORD1 023784001ORDINARY SHARESNumber of Shares/Interests Issued : 1854213Total Amount (if any) Paid / Taken to be Paid: 1854213.00Total Amount Due and Payable : 0.00Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 318

ASIC Historical Company Extract ABN: 16081274811MembersClass : ORD1 No. Held: 1854213 023784001Beneficially Held: YES Paid : FULLY063 263 650 WILLMOTT FORESTS LIMITED249 PARK STREET SOUTH MELBOURNE VIC 3205ABN (Australian Business Number) 17 063 263 650Former MembersClass : ORD1 No. Held: 100000 0E3369881Beneficially Held: YES Paid : FULLY (AR 1999)063 263 650 WILLMOTT FORESTS LIMITED335 FERRARS STREET ALBERT PARK VIC 3206ABN (Australian Business Number) 17 063 263 650Class : ORD1 No. Held: 100000 0E2232507Beneficially Held: YES Paid : FULLY (AR 1998)004 948 725 NANMPR PTY LTD335 FERRARS STREET ALBERT PARK VIC 3206External Administration and/or appointment of ControllerForm Type Date Received Date Processed No. Pages Effective Date524 15/11/2010 15/11/2010 9 26/10/2010 7E3295098524Z PRESENTATION OF ACCOUNTS & STATEMENT PRESENTATION OF FINALACCOUNTS OF ADMINISTRATOR505 27/10/2010 28/10/2010 4 26/10/2010 027134977505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 436E(4), 449B, 449C(1), 449C(4) OR 449(6)505 27/10/2010 27/10/2010 2 26/10/2010 7E3256279505Y NOTIFICATION OF RESIGNATION OR REMOVAL OF ADMINISTRATOR OFCOMPANY UNDER ADMINISTRATION UNDER S.436E(4), 449B OR 449C5011 09/10/2010 09/10/2010 127 28/09/2010 7E322109350115 COPY OF MINUTES OF MEETING OF MEMBERS, CREDITORS,CONTRIBUTORIES OR COMMITTEE OF INSPECTION UNDER S.436E ORS. 43 9A507 07/10/2010 19/10/2010 12 06/09/2010 027160960507G REPORT AS TO AFFAIRS FROM MANAGING CONTROLLER WHO IS ALSO ARECEIVER/MANAGER507 05/10/2010 12/10/2010 28 30/09/2010 027124268507F REPORT AS TO AFFAIRS FROM CONTROLLER UNDER S.429(2) (C)529 23/09/2010 23/09/2010 2 28/09/2010 7E3189832529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP555 17/09/2010 17/09/2010 2 17/09/2010 7E3179590555 NOTIFICATION OF RECEIVER EXTENDING TIME TO SUBMIT REPORT505 10/09/2010 14/09/2010 4 06/09/2010 027119622505B NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER505 10/09/2010 14/09/2010 6 06/09/2010 0271196155055 NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER504 10/09/2010 14/09/2010 6 06/09/2010 026083355504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER504 10/09/2010 14/09/2010 4 06/09/2010 026083354504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGERPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 4/8

ASIC Historical Company Extract ABN: 16081274811529 08/09/2010 08/09/2010 28 15/09/2010 753156781529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGOP505 06/09/2010 06/09/2010 2 06/09/2010 7E31531365050 NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 436E(4), 4493, 449C(1), 449C(4) OR 449(6)Altered by 027 052 834Charges Registered and Related Documents ReceivedNote: A charge is some form of security given over the property/assets ofthe company. In order to obtain details of the ’amount secured by a charge’,’the property charged’, the property released from a charge or the documentsrelating to a satisfaction, assignment or change in details, it is necessaryto obtain a ’CHARGES EXTRACT’.ASIC Charge Number : 700673 Status : SatisfiedDate and time Registered : 23/06/1999 14:10:00 Fixed/floating : Both Fixed FloatingDate Created : 24/05/1999Chargee/Trustee : 123 123 124 COMMONWEALTH RANK OF AUSTRALIADocuments ReceivedForm Description Date Proc’d No. Document NoType Lodged Pages309 23/06/1999 YES 20 015313570NOTIFICATION OFDETAILS OF A CHARGE312 16/11/1999 YES 3 015114467NOTIFICATION OFDISCHARGEASIC Charge Number : 931680 Status : SatisfiedDate and time Registered : 26/03/2003 13:57:00 Fixed/floating : FixedDate Created : 21/01/2003Chargee/Trustee : 123 123 124 COMMONWEALTH BANK OF AUSTRALIA309 26/03/2003 YES 26 019150583NOTIFICATION OFDETAILS OF A CHARGE312 01/02/2006 YES 1 022510062NOTIFICATION OFDISCHARGEASIC Charge Number : 1250264 Status : SatisfiedDate and time Registered : 06/01/2006 14:08:00 Fixed/floating : Both Fixed & FloatingDate Created : 25/12/2005Chargee/Trustee: 123 123 124 COMMONWEALTH BANK OF AUSTRALIA309 06/01/2006 YES 20 022498890NOTIFICATION OFDETAILS OF A CHARGE312 25/07/2006 YES 2 022527669NOTIFICATION OFRELEASE OF PROPERTY312 25/07/2006 YES 5 022527668NOTIFICATION OFRELEASE OF PROPERTY312 31/03/2009 YES 1 024098397NOTIFICATION OFDISCHARGEASIC Charge Number : 1767717 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Charges/Trustee: 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 38 025476456NOTIFICATION OFDETAILS OF A CHARGEPrinted by Espreon 24111/2010 15:26 PM AEST For: LCR Ref B ANDREWS 01 Page 5/8

ASIC Historical Company Extract ABN: 16081274811ASIC Charge Number : 1767724 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 35 025476449NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 982350 14/05/2009 YES 3 025577982CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 449ASIC Charge Number : 1767731 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 34 025476427NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 981350 14/05/2009 YES 3 025577981CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 427ASIC Charge Number : 1767753 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 37 025476434NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 980350 14/05/2009 YES 3 025577980CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 434Note: This extract may not contain all charges for corporations registeredprior to 1991 and it may be advisable to also search the State or territotyrecords held by the ASIC.Documents Received (except those listed already under Charges)Form Type Date Received Date Processed No. Pages Effective Date370 13/09/2010 13/09/2010 2 13/09/2010 027098006370 Notification By Officeholder of Resignation or Retirement902 08/09/2010 09/09/2010 2 06/09/2010 027052834902 Supplementary DocumentAlters 7E3 153 136484 17/11/2009 17/11/2009 2 16/11/2009 1E5997458484E Change to Company Details Appointment or Cessation of ACompany Officeholder350 14/05/2009 15/05/2009 3 14/05/2009 025577980350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 434350 14/05/2009 15/05/2009 3 14/05/2009 025577981350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 427Printed by Espreor, 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 6/8

ASIC Historical Company Extract ABN: 16081274811350 14/05/2009 15/05/2009 3 14/05/2009 025577982350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 449484 19/12/2008 19/12/2008 2 18/12/2008 1E5049403484E Change to Company Details Appointment or Cessation of ACompany Officeholder484 26/04/2007 26/04/2007 4 26/04/2007 023784001484 Change to Company Details484J Notification of Share Cancellation - Company Buy-Back4840 Changes to Share Structure484N Changes to (Members) Share Holdings281 29/03/2007 04/04/2007 3 29/03/2007 023627861281 Notice That Company Intends to Carry Out Buy-Back280 29/03/2007 04/04/2007 3 29/03/2007 023627860280 Notice of Meeting And Documents Re Buy-Back483 07/09/2005 09/09/2005 2 01/09/2005 022313002483 Company Compliance Statement (Response to Return OfParticulars)484 24/03/2005 24/03/2005 2 23/03/2005 180781917484A1 Change to Company Details Change Officeholder Name OrAddress484 02/08/2004 02/08/2004 2 30/06/2004 1E0143973484 Change to Company Details4840 Changes to Share Structure484G Notification of Share Issue484N Changes to (Members) Share Holdings484 12/07/2004 12/07/2004 2 12/07/2004 180069783484 Change to Company Details4845 Change of Registered Address484C Change of Principal Place of Business (Address)484 12/07/2004 12/07/2004 2 12/07/2004 1E0069784484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484A2 CHANGE MEMBER NAME OR ADDRESS484 29/10/2003 29/10/2003 1 18/10/2003 0E92899334840 CHANGE TO COMPANY DETAILS CHANGE TO ULTIMATE HOLDING COMPANY484 20/08/2003 24/09/2003 2 30/06/2003 0E9061623484 CHANGE TO COMPANY DETAILS484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484A CHANGE OF OFFICEHOLDER/MEMBER NAME OR ADDRESS304 19/03/2003 19/03/2003 1 17/03/2003 088701518304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY902 05/02/2003 06/03/2003902 SUPPLEMENTARY DOCUMENT207 03/02/2003 19/02/2003207 NOTIFICATION OF SHARE ISSUE207 03/02/2003 03/02/2003207 NOTIFICATION OF SHARE ISSUE316 11/10/2002 11/10/2002316L ANNUAL RETURN - PROPRIETARY COMPANY316 18/10/2001 18/10/20011 27/09/2002 019119253Alters 0E7 768 7301 30/06/2002 0191192521 23/12/2002 0885477213 27/09/2002 0E7768730(AR 2002)Altered by 019 119 2533 18/10/2001 086307796Punted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 7/8

ASIC Historical Company ExtractABN: 16081274811316LANNUAL RETURN - PROPRIETARY COMPANY(AR 2001)304 12/09/2001 12/09/2001 1 05/09/2001304C NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER207 29/06/2001 29/06/2001 1 29/06/2001207 NOTIFICATION OF SHARE ISSUE316 16/11/2000 16/11/2000 3 26/08/2000316L ANNUAL RETURN - PROPRIETARY COMPANY304 16/08/2000 16/08/2000 1 16/08/2000304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY316 19/08/1999 19/08/1999 3 30/07/1999316L ANNUAL RETURN - PROPRIETARY COMPANY304 28/10/1998 28/10/1998 1 20/10/1998304C NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER205 07/10/1998 07/10/1998 2 01/10/1998205A NOTIFICATION OF RESOLUTION CHANGING COMPANY NAME316 31/08/1998 02/09/1998 4 24/07/1998316L ANNUAL RETURN - PROPRIETARY COMPANY203 03/08/1998 04/08/1998 1 24/07/1998203G NOTIFICATION OF CHANGE OF ADDRESS - PRINCIPAL PLACE OFBUSINESS203 20/01/1998 20/01/1998 1 13/01/1998203 NOTIFICATION OF203A CHANGE OF ADDRESS203B CHANGE OF OFFICE HOURS207 20/01/1998 20/01/1998 2 13/01/1998207 NOTIFICATION OF ALLOTMENT OF SHARES304 20/01/1998 22/01/1998 2 13/01/1998304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY204 14/01/1998 14/01/1998 1 14/01/1998204 CERTIFICATE OF REGISTRATION DIVISION 1 PT 2.2215 14/01/1998 15/01/1998 1 13/01/1998215 NOTIFICATION OF INITIAL APPOINTMENT OF OFFICEHOLDERS201 13/01/1998 13/01/1998 2 13/01/1998201C APPLICATION FOR REGISTRATION AS A PROPRIETARY COMPANY0E61691770559385060E5070995(AR 2000)0E4725943053369881(AR 1999)052401 633014483400052232 507(AR 1998)0144757880517472690El7472680E1747267013344933013351216013344846Note: Where the expression ’Unknown" is shown, the precise datemay be available from records taken over on 1 january 1991 andheld by the ASIC in paper or microfiche.Contact Address for ASIC use onlySection 146A of the Corporations Act 2001 states:’A contact address j8 the address to which communicationsand notices are sent from ASIC to the company.’251 PARK STREET SOUTH MELBOURNE VIC 3205Start Date: 28/06/2003*** End of ExtractPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 8/8

ASIC Historical Company Extract ABN: 59085588772ASIC Current and Historical Extract as at Date: 24 Nov 2010 Time: 15:26:31This computer produced extract contains information derived fromthe ASIC database either from documents lodged with the ASICand processed as at the stated date of the extract, or from recordssupplied by previous state and/or territory systems.Please advise the A.S.I.C. promptly of any error or oinmissionwhich you may find, so that we can correct it.The Information Division of the Australian Securities & InvestmentsCommission is certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)Section 1274BThis extract has been prepared by the Australian Securities& Investments Commission from Information it obtained,by using a data processor, from the national database.If you believe that this extract contains any error or omissionplease advise the A.S.I.C. promptly.The Information Division of the Australian Securities & Investments Commissionis certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)085 588 772 WILLMOTT FORESTS NOMINEES PT’!. LTD. Document NoACN (Australian Company Number): 085 588 772Registered in: VictoriaPrevious State Number:Registration Date: 15/12/1998Next Review Date: 15/12/2010Company bound by:Australian Business Number: 59 085 588 772Current Organisation DetailsName : WILLMOTT FORESTS NOMINEES PTY. LTD. 7E3153164Name Start: 23/10/2000Status : Under External Administration And/Or Controller Appointed **Type : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANYOrganisation Details from 23/10/2000 to 05/09/2010Name : WILLMOTT FORESTS NOMINEES PTY. LTD.Name Start: 23/10/2000Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANY016461907Organisation Details from 29/11/1999 to 22/10/2000Name : WILLMOTT TIMBERLANDS PTY. LTD,Name Start: 29/11/1999Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANY015477573Organisation Details from 15/12/1998 to 28/11/1999Name : TRUJAN PTY. LTD.Name Start: 15/12/1998Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARES014464557Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 1/7

ASIC Historical Company Extract ABN: 59085588772SubclassPROPRIETARY COMPANYRegistered Office249 PARK STREET SOUTH MELBOURNE VIC 3205 1E0069785Start Date: 19/07/2004Previous Registered Office335 FERRARS STREET ALBERT PARK VIC 3206 015283944Start Date: 11/05/1999 Cease Date; 18/07/2004335 FERRARS STREET ALBERT PARK VIC 3206 0E3095595Start Date: 15/12/1998 Cease Date: 10/05/1999 (AR 1998)LEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121 014464557Start Date: 15/12/1998 Cease Date: 28/04/1999Principal Place of Business249 PARK STREET SOUTH MELBOURNE VIC 3205 1E0069785Start Date: 12/07/2004Previous Principal Place of Business335 FERRARS STREET ALBERT PARK VIC 3206 015283944Start Date: 27/04/1999 Cease Date: 11/07/2004LEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121 014464557Start Date: 15/12/1998 Cease Date: 26/04/1999DirectorsJONATHAN DAVID MADGWICK10 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 25/11/19990E3749206HUGH THOMAS DAVIES97 BELFORD ROAD KEN EAST VIC 3102Born: 18/06/1942 - MELBOURNE VICAppointment Date: 07/11/20020E7896602MARCUS DERHAN24 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 23/12/19981E0781918Previous DirectorsTOM KOTSIMBOS 014464557282 HIGH STREET NORTHCOTE VIC 3070Born: 07/07/1962 - MELBOURNE VICAppointment Date: 15/12/1998 Cease Date: 23/12/1998SecretaryMARCUS DERHAN24 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 23/12/19981E0781918Previous SecretaryJOHN HUGH RUTLEDGE1E5997459Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 2/7

ASIC Historical Company Extract ABN: 5908558877214 NORTHCOTE AVENUE BALWYN VIC 3103Born: 09/10/1961 - MELBOURNE VICAppointment Date: 16/11/2009 Cease Date: 09/09/2010JONATHAN DAVID MADGWICK 0E374 920610 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 25/11/1999 Cease Date: 16/11/2009TOM KOTSIMBOS 014464557282 HIGH STREET NORTHCOTE VIC 3070Born: 07/07/1962 - MELBOURNE VICAppointment Date: 15/12/1998 Cease Date: 23/12/1998Ultimate Holding Company063 263 650 WILLMOTT FORESTS LIMITED 0E9289934ASH (Australian Business Number) 17 063 263 650Receiver ManagerBRYAN WEBSTER 026083346KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK FRANCIS XAVIER MENTHA 026083346LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010BRYAN WEBSTER 026083347KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK ANTHONY KORDA 026083347LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Administrator of a Company Under AdministrationIAN MENZIES CARSON 027134974FE’S ’PPB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010CRAIG DAVID CROSBIE 027134974PPB ’PPS’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010Previous Administrator of a Company Under AdministrationAVITUS THOMAS FERNANDEZ3 CHESTER STREET GLEN WAVERLEY VIC 3150Appointment Date: 06/09/2010 Cease Date: 26/10/20107E3153164Share StructureNote: For each class of shares issued by a proprietary company, ASIC recordsthe details of the top twenty members of the class (based on shareholdings)The details of any other members holding the same number of shares as thetwentieth ranked member will also be recorded by ASIC on the database.Where available, historical records show that a member has ceased to bePrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref B ANDREWS 01 Page 3/7

ASIC Historical Company Extract ABN: 59085588772ranked amongst the top twenty members. This may, but does not necessarilymean, that they have ceased to be a member of the company.Class: ORD1E0069786ORDINARY SHARESNumber of Shares/Interests Issued : 2Total Amount (if any) Paid / Taken to be Paid: 2.00Total Amount Due and Payable : 0.00MembersClass ORD No. Held: 2 150069786Beneficially Held: YES Paid : FULLY063 263 650 WILLMOTT FORESTS LIMITED249 PARK STREET SOUTH MELBOURNE VIC 3205ABN (Australian Business Number) 17 063 263 650Former MembersClass : ORD No. Held: 2 0E3095595Beneficially Held: YES Paid : FULLY (AR 1998)004 948 725 N1NMAR PTY LTD335 FERRARS STREET ALBERT PARK VIC 3206External Administration and/or Appointment of ControllerForm Type Date Received Date Processed No. Pages Effective Date524 15/11/2010 15/11/2010 9 26/10/2010 753295162524Z PRESENTATION OF ACCOUNTS & STATEMENT PRESENTATION OF FINALACCOUNTS OF ADMINISTRATOR505 27/10/2010 28/10/2010 4 26/10/2010 0271349745050 NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 436E(4), 4498, 449C(1), 449C(4) OR 449(6)505 27/10/2010 27/10/2010 2 26/10/2010 7E3256351505Y NOTIFICATION OF RESIGNATION OR REMOVAL OF ADMINISTRATOR OFCOMPANY UNDER ADMINISTRATION UNDER S.436E(4), 4493 OR 449C5011 09/10/2010 09/10/2010 127 28/09/2010 7E32210855011B COPY OF MINUTES OF MEETING OF MEMBERS, CREDITORS,CONTRIBUTORIES OR COMMITTEE OF INSPECTION UNDER S.436E ORS. 4 39A507 07/10/2010 19/10/2010 11 06/09/2010 027160954507G REPORT AS TO AFFAIRS FROM MANAGING CONTROLLER WHO IS ALSO ARECEIVER/MANAGER507 05/10/2010 12/10/2010 10 30/09/2010 027134270507F REPORT AS TO AFFAIRS FROM CONTROLLER UNDER S.429(2) (C)529 23/09/2010 23/09/2010 2 28/09/2010 753189882529A NOTICE OF CREDITORS MEETING TO CONSIDER VOLUNTARY WINDINGUP555 17/09/2010 17/09/2010 2 17/09/2010 7E3179598555 NOTIFICATION OF RECEIVER EXTENDING TIME TO SUBMIT REPORT505 10/09/2010 14/09/2010 4 06/09/2010 0271196265053 NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER505 10/09/2010 14/09/2010 6 06/09/2010 027119621505B NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER504 10/09/2010 14/09/2010 6 06/09/2010 026083347504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGERPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 4/7

ASIC Historical Company Extract ABN: 59085588772504 10/09/2010 14/09/2010 4 06/09/2010 0260833465049 NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER529 08/09/2010 08/09/2010 28 15/09/2010 7E3156874529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP505 06/09/2010 06/09/2010 2 06/09/2010 7E3153164505U NOTIFICATION OF AFPT OF ADMINISTRATOR UNDER S.436A, 4369,436C, 4365(4), 4499, 449C(1), 449C(4) OR 449(6)Altered by 027 052 831Charges Registered and Related Documents ReceivedNote: A charge is some form of security given over the property/assets ofthe company. In order to obtain details of the ’amount secured by a charge’,’the property charged’, the property released from a charge or the documentsrelating to a satisfaction, assignment or change in details, it is necessaryto obtain a ’CHARGES EXTRACT’.ASIC Charge Number : 1767712 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CEA CORPORATE SERVICES (NSW) PTY LIMITEDDocuments ReceivedForm Description Date Proc’d No. Document NoType Lodged Pages309 20/03/2009 YES 38 025476452NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1767730 Status : RegisteredDate and time Registered : 20/0312009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/0312009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 35 025476444NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 968350 14/05/2009 YES 3 025577968CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 444ASIC Charge Number : 1767749 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created 17/03/2009Chargee/Trustee: 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 34 025476432NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 969350 14/05/2009 YES 3 025577969CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 432ASIC Charge Number : 1767779 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 37 025476441NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 970350 14/05/2009 YES 3 025577970CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 5/7

ASIC Historical Company Extract ABN: 59085588772Alters 025 476 441Note: This extract may not contain all charges for corporations registeredprior to 1991 and it may be advisable to also search the State or territotyrecords held by the ASIC.Documents Received (except those listed already under Charges)Form Type Date Received Date Processed No. Pages Effective Date370 13/09/2010 13/09/2010 2 13/09/2010 025619000370 Notification By Officeholder of Resignation or Retirement902 08/09/2010 09/09/2010 2 06/09/2010 027052831902 Supplementary DocumentAlters 7E3 153 164484 17/11/2009 17/11/2009 2 16/11/2009 1E5997459484E Change to Company Details Appointment or Cessation of ACompany Officeholder350 14/05/2009 15/05/2009 3 14/05/2009 025577968350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 444350 14/05/2009 15/05/2009 3 14/05/2009 025577969350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 432350 14/05/2009 15/05/2009 3 14/05/2009 025577970350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 441484 24/03/2005 24/03/2005 2 23/03/2005 150781918484A1 Change to Company Details Change Officeholder Name OrAddress484 12/07/2004 12/07/2004 2 12/07/2004 lE0069785484 Change to Company Details484B Change of Registered Address484C Change of Principal Place of Business (Address)484 12/07/2004 12/07/2004 2 12/07/2004 150069786484 Change to Company Details4840 Changes to Share Structure484A2 Change Member Name or Address484 29/10/2003 29/10/2003 1 18/10/2003 0E92899344840 Change to Company Details Change to Ultimate Holding Company304 07/11/2002 07/11/2002 1 07/11/2002 057896602304A Notification of Change to Officeholders of AustralianCompany316 11/10/2002 11/10/2002 3 27/09/2002 0577687313167.. Annual Return Annual Return - Proprietary Company (AR 2002)316 18/10/2001 18/10/2001 3 01/10/2001 056307106316L Annual Return Annual Return - Proprietary Company (AR 2001)304 12/09/2001 12/09/2001 1 05/09/2001 0E6169178304C Notification of Change of Name or Address of Officeholder316 16/11/2000 16/11/2000 3 03/11/2000 055070996316L Annual Return Annual Return - Proprietary Company (AR 2000)205 19/10/2000 23/10/2000 2 16/10/2000 016461907205A Notification of Resolution Changing Company NamePrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 6/7

ASIC Historical Company Extract ABN: 59085588772205 15/09/2000 26/09/2000 2 13/09/2000 016725685205Z Notification of Resolution Changing Company Name - NotApproved205 26/11/1999 29/11/1999 2 25/11/1999 015477573205A Notification of Resolution Changing Company Name304 25/11/1999 25/11/1999 1 25/11/1999 0E3749206304A Notification of Change to Officeholders of AustralianCompany316 19/08/1999 19/08/1999 3 30/07/1999 063369882316L Annual Return Annual Return - Proprietary Company (AR 1999)304 04/05/1999 04/05/1999 2 23/12/1998 015283945304A Notification of Change to Officeholders of AustralianCompany203 04/05/1999 04/05/1999 1 27/04/1999 015283944203 Notification Of203A Change of Address203G Change of Address - Principal Place of Business316 29/04/1999 07/05/1999 3 28/04/1999 063095595316L Annual Return Annual Return - Proprietary Company (AR 1998)201 15/12/1998 15/12/1998 4 15/12/1998 014464557201C Application For Registration as a Proprietary CompanyNote: Where no Date Processed is shown, the document in question has notbeen processed. In these instances care should be taken in usinginformation that may be updated by the document when it is processed. Wherethe Date Processed is shown but there is a zero under No. Pages, the documenthas been processed but a copy is not yet available.Annual ReturnsYear Return Extended ACM Extended AGE Held 0/StandDue Date Due Date Due Date AGE Date Date1998 31/01/1999 30/04/1999 N1999 31/01/2000 N2000 31/01/2001 N2001 31/01/2002 N2002 31/01/2003 NNote: Where the expression "Unknown" is shown, the precise datemay be available from records taken over on 1 january 1991 andheld by the ASIC in paper or microfiche.Contact Address for ASIC use onlySection 146A of the Corporations Act 2001 states:’A contact address is the address to which communicationsand notices are sent from ASIC to the company.’251 PARK STREET SOUTH MELBOURNE VIC 3205Start Date: 05/12/2003End of ExtractPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 7/7

ASIC Historical Company Extract ABN: 74103019094ASIC Current and Historical Extract as at Date: 24 Nov 2010 Time: 15:26:16This computer produced extract contains information derived fromthe ASIC database either from documents lodged with the ASICand processed as at the stated date of the extract, or from recordssupplied by previous state and/or territory systems.Please advise the A.S.I.C. promptly of any error or ommissionwhich you may find, so that we can correct it.The Information Division of the Australian Securities & InvestmentsCommission is certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)Section 12748This extract has been prepared by the Australian Securities& Investments Commission from information it obtained,by using a data processor, from the national database.If you believe that this extract contains any error or omissionplease advise the A.S.I.C. promptly.The Information Division of the Australian Securities & Investments Commissionis certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)103 019 094 WXLLMOTT FOREST PRODUCTS PTY LTD Document NoACN (Australian Company Number) : 103 019 094Registered in: VictoriaPrevious State Number:Registration Date: 02/12/2002Next Review Date: 02/12/2010Company bound by:Australian Business Number: 74 103 019 094Current Organisation DetailsName : WILLMOTT FOREST PRODUCTS PT? LTD 7E3153143Name Start: 15/05/2003Status : ** Under External Administration And/Or Controller Appointed **Type : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANYOrganisation Details from 15/05/2003 to 05/09/2010Name : WILLMOTT FOREST PRODUCTS PT? LTDName Start: 15/05/2003Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANY018638695Organisation Details from 06/12/2002 to 14/05/2003Name : SOUTH EAST SAWMILLINc3 PTY LTDName Start: 06/12/2002Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANY018793770Organisation Details from 02/12/2002 to 05/12/2002Name : DERWANT PT?. LTD.Name Start: 02/12/2002Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARES018796554Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 1/8

ASIC Historical Company Extract ABN: 74103019094Subclass : PROPRIETARY COMPANYRegistered Office249 PARK STREET SOUTH MELBOURNE VIC 3205 1E0069842Start Date: 19/07/2004Previous Registered Office335 FERRARS STREET ALBERT PARK VIC 3206 0E8313149Start Date: 13/12/2002 Cease Date: 18/07/2004 (AR 2002)J D MADGWICK CHARTERED ACCOUNTANTS 335 FERRARS STREET ALBERT PARK 018793767VIC 3206Start Date: 13/12/2002 Cease Date: 14/01/2003LEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121 018796554Start Date: 02/12/2002 Cease Date: 12/12/2002Principal Place of Business1 BRIGHT STREET BOMBALA NSW 2632 018793767Start Date: 05/12/2002Previous Principal Place of BusinessLEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121 018796554Start Date: 02/12/2002 Cease Date: 04/12/2002DirectorsJONATHAN DAVID MADGWICK10 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 23/06/20040E9991094MARCUS DERHAII24 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 05/12/20021E0781913Previous DirectorsDAVID ALAN SMITH27 BERRIMA AVENUE MALVERN EAST VIC 3145Born; 08/06/1967 - ESSENDON VICAppointment Date: 12/06/2003 Cease Date: 23/06/20040E8883646SAMUEL ERNEST BAKER1 DELEGATE ROAD BONBALA NSW 2632Born: 09/10/1955 - MELBOURNE VICAppointment Date: 05/08/2003 Cease Date: 23/06/20040E9035236JONATHAN DAVID MADGWICK 01879376910 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 05/12/2002 Cease Date: 12/06/2003TOM KOTSIMBOS 018796554LEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121Born: 07/07/1962 - MELBOURNE VICAppointment Date: 02/12/2002 Cease Date: 05/12/2002Previous SecretaryPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 2/8

ASIC Historical Company Extract ABN: 74103019094JOHN HUGH RUTLEDGE 15599745714 NORTHCOTE AVENUE BALWYN VIC 3103Born: 09/10/1961 - MELBOURNE VICAppointment Date: 16/11/2009 Cease Date: 09/09/2010JONATHAN DAVID MADGWICK 01879376910 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 05/12/2002 Cease Date: 16/11/2009TOM KOTSIMBOS 018796554LEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121Born: 07/07/1962 - MELBOURNE VICAppointment Date: 02/12/2002 Cease Date: 05/12/2002Ultimate Holding Company063 263 650 WILLMOTT FORESTS LIMITED 0E9289931ASM (Australian Business Number) 17 063 263 650Receiver ManagerBRYAN WEBSTER 026083352KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK FRANCIS XAVIER MENTHA 026083352LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010BRYAN WEBSTER 026083353KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK ANTHONY KORDA 026083353LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Administratorof a Company Under AdministrationCRAIG DAVID CROSBIE 027134976PPS ’PPB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010IAN MENZIES CARSON 027134976PPB ’PPB , LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010Previous Administrator of a Company Under AdministrationAVITUS THOMAS FERNANDEZ3 CHESTER STREET GLEN WAVERLEY VIC 3150Appointment Date: 06/09/2010 Cease Date: 26/10/20107E3153143Share StructureNote: For each class of shares issued by a proprietary company, ASIC recordsthe details of the top twenty members of the class (based on shareholdings).The details of any other members holding the same number of shares as thePrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 3/8

ASIC Historical Company Extract ABN: 74103019094twentieth ranked member will also be recorded by ASIC on the database.Where available, historical records show that a member has ceased to beranked amongst the top twenty members. This may, but does not necessarilymean, that they have ceased to be a member of the company.Class: ORD1 150069843ORDINARY SHARESNumber of Shares/Interests Issued : 550000Total Amount (if any) Paid / Taken to be Paid: 550000.00Total Amount Due and Payable : 0.00MembersClass ORD1 No. Held: 550000 150069843Beneficially Held: YES Paid : FULLY063 263 650 WILLMOTT FORESTS LIMITED249 PARK STREET SOUTH MELBOURNE VIC 3205ABN (Australian Business Number) 17 063 263 650External Administration and/or Appointment of ControllerForm Type Date Received Date Processed No. Pages Effective Date524 15/11/2010 15/11/2010 9 26/10f2010 753295120524Z PRESENTATION OF ACCOUNTS & STATEMENT PRESENTATION OF FINALACCOUNTS OF ADMINISTRATOR505 27/10/2010 28/10/2010 4 26/10/2010 0271349765050 NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 436E(4), 4493, 449C(1), 449C(4) OR 449(6)505 27/10/2010 27/10/2010 2 26/10/2010 7E3256295505Y NOTIFICATION OF RESIGNATION OR REMOVAL OF ADMINISTRATOR OFCOMPANY UNDER ADMINISTRATION UNDER S.436E(4), 4493 OR 449C5011 09/10/2010 09/10/2010 127 28/09/2010 7E322109050115 COPY OF MINUTES OF MEETING OF MEMBERS, CREDITORS,CONTRIBUTORIES OR COMMITTEE OF INSPECTION UNDER S.436E ORS. 439A507 07/10/2010 19/10/2010 12 06/09/2010 027160957507G REPORT AS TO AFFAIRS FROM MANAGING CONTROLLER WHO IS ALSO ARECEIVER/MANAGER507 05/10/2010 12/10/2010 10 30/09/2010 027134267507F REPORT AS TO AFFAIRS FROM CONTROLLER UNDER 5.429 (2) (C)529 23/09/2010 23/09/2010 2 28/09/2010 753189844529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP555 17/09/2010 17/09/2010 2 17/09/2010 7E3179594555 NOTIFICATION OF RECEIVER EXTENDING TIME TO SUBMIT REPORT505 10/09/2010 14/09/2010 4 06/09/2010 0271196245053 NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER505 10/09/2010 14/09/2010 6 06/09/2010 027119616505B NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER504 10/09/2010 14/09/2010 6 06/09/2010 0260833535043 NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER504 10/09/2010 14/09/2010 4 06/09/2010 026083352504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER529 08/09/2010 08/09/2010 28 15/09/2010 753156832529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUPPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 4/8

ASIC Historical Company Extract ABN: 74103019094505 06/09/2010 06/09/2010 2 06/09/2010 7E3153143505(1 NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 4363,436C, 436E(4), 4493, 449C(l), 449C(4) OR 449(6)Altered by 027 052 833Charges Registered and Related Documents ReceivedNote: A charge is some form of security given over the property/assets ofthe company. In order to obtain details of the ’amount secured by a charge’,’the property charged’, the property released from a charge or the documentsrelating to a satisfaction, assignment or change in details, it is necessaryto obtain a ’CHARGES EXTRACT’.ASIC Charge Number : 933112 Status : SatisfiedDate and time Registered : 01/04/2003 13:57:00 Fixed/floating : Both Fixed 6 FloatingDate Created : 18/02/2003Chargee/Trustee : 123 123 124 COMMONWEALTH BANK OF AUSTRALIADocuments ReceivedForm Description Date Proc’d No. Document NoType Lodged Pages309 01/04/2003 YES 20 018809018NOTIFICATION OFDETAILS OF A CHARGE312 12/01/2004 YES 3 019510871NOTIFICATION OFRELEASE OF PROPERTY312 21/09/2004 YES 2 020733110NOTIFICATION OFRELEASE OF PROPERTY312 31/03/2009 YES 1 024098400NOTIFICATION OFDISCHARGEASIC Charge Number : 1011609 Status : RegisteredDate and time Registered : 12/01/2004 15:40:00 Fixed/floating : FixedDate Created : 29/12/2003Chargee/Trustee: 004 044 937 NATIONAL AUSTRALIA BANK LIMITED309 12/01/2004 YES 24 019510870NOTIFICATION OFDETAILS OF A CHARGE312 12/02/2009 YES 1 025399639NOTIFICATION OFRELEASE OF PROPERTYASIC Charge Number : 1071778 Status : SatisfiedDate and time Registered : 30/07/2004 09:51:00 Fixed/floating : FixedDate Created : 30/06/2004Chargee/Trustee: 004 346 043 ESANDA FINANCE CORPORATION LIMITED309 30/07/2004 YES 7 016858558NOTIFICATION OFDETAILS OF A CHARGE312 12/02/2009 YES 3 025447722NOTIFICATION OFDISCHARGEASIC Charge Number : 1071779 Status : SatisfiedDate and time Registered : 30/07/2004 09:52:00 Fixed/floating : FixedDate Created : 30/06/2004Chargee/Trustee004 346 043 ESANDA FINANCE CORPORATION LIMITED309 30/07/2004 YES 7 016858559NOTIFICATION OFDETAILS OF A CHARGE312 12/02/2009 YES 2 025399640NOTIFICATION OFDISCHARGEPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 5/8

ASIC Historical Company Extract ABN: 74103019094ASIC Charge Number : 1767718 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee: 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 38 025476457NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1767725 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee: 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 35 025476448NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 979350 14/05/2009 YES 3 025577979CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 448ASIC Charge Number : 1767745 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee: 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 34 025476428NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 978350 14/05/2009 YES 3 025577978CERTIFICATION OF COMPLIANCE WITH STAN? DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 428ASIC Charge Number : 1767762 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee: 072 765 434 CEA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 37 025476435NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 977350 14/05/2009 YES 3 025577977CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 435Note: This extract may not contain all Charges for Corporations registeredprior to 1991 and it may be advisable to also search the State or territotyrecords held by the ASIC.Documents Received (except those listed already under Charges)Form Type Date Received Date Processed No. Pages Effective Date370 13/09/2010 13/09/2010 2 13/09/2010 027098007370 Notification By Officeholder of Resignation or Retirement902 08/09/2010 09/09/2010 2 06/09/2010 027052833902 Supplementary DocumentAlters 7E3 153 143484 17/11/2009 17/11/2009 2 16/11/2009 1E5997457484E Change to Company Details Appointment or Cessation of ACompany Officeholder350 14/05/2009 15/05/2009 3 14/05/2009 025577977Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 6/8

ASIC Historical Company Extract ABN: 74103019094350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 435350 14/05/2009 15/05/2009 3 14/05/2009 025577978350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 428350 14/05/2009 15/05/2009 3 14/05/2009 025577979350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 448484 24/03/2005 24/03/2005 2 23/03/2005 1E0781913484A1 Change to Company Details Change Officeholder Name OrAddress484 12/07/2004 12/07/2004 2 12/07/2004 150069842484B Change to Company Details Change of Registered Address484 12/07/2004 12/07/2004 2 12/07/2004 150069843484 Change to Company Details4840 Changes to Share Structure484A2 Change Member Name or Address484 23/06/2004 23/06/2004 2 23/06/2004 0E9991094484E Change to Company Details Appointment or Cessation of ACompany Officeholder484 29/10/2003 29/10/2003 1 18/10/2003 059289931484D Change to Company Details Change to Ultimate Holding Company484 11/08/2003 18/08/2003 2 05/08/2003 0E9035236484E Change to Company Details Appointment or Cessation of ACompany Officeholder304 24/06/2003 24/06/2003 1 12/06/2003 058883646304A Notification of Change to Officeholders of AustralianCompany205 15/05/2003 15/05/2003 2 08/05/2003 018638695205A Notification of Resolution Changing Company Name316 15/01/2003 23/01/2003 3 13/01/2003 058313149316L ANNUAL RETURN - PROPRIETARY COMPANY (AR 2002)304 06/12/2002 09/12/2002 2 05/12/2002 018793769304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY207 06/12/2002 06/12/2002 1 05/12/2002 018793768207 NOTIFICATION OF SHARE ISSUE203 06/12/2002 09/12/2002 1 05/12/2002 018793767203 NOTIFICATION OF203A CHANGE OF ADDRESS203G CHANGE OF ADDRESS - PRINCIPAL PLACE OF BUSINESS205 06/12/2002 06/12/2002 2 05/12/2002 018193770205A NOTIFICATION OF RESOLUTION CHANGING COMPANY NAME201 02/12/2002 02/12/2002 4 02/12/2002 018796554201C APPLICATION FOR REGISTRATION AS A PROPRIETARY COMPANYNote: Where the expression "Unknown" is shown, the precise datemay be available from records taken over on 1 january 1991 andheld by the ASIC in paper or microfiche.Contact Address for ASIC use onlySection 146A of the Corporations Act 2001 states:’A contact address is the address to which communicationsPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 7/8

ASIC Historical Company Extract ABN: 74103019094and notices are sent from ASIC to the company.’251 PARK STREET SOUTH MELBOURNE VIC 3205Start Date 28/06/2003End of Extract ***Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: 8 ANDREWS 01 Page 818

ASIC Historical Company Extract ABN: 50098718837ASIC Current and Historical Extract as at Date: 24 Nov 2010 Time: 15:26:22This computer produced extract contains information derived fromthe ASIC database either from documents lodged with the ASICand processed as at the stated date of the extract, or from recordssupplied by previous state and/or territory systems.Please advise the A.S.I.C. promptly of any error or ommissionwhich you may find, so that we can correct it.The Information Division of the Australian Securities & InvestmentsCommission is certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)Section 1274BThis extract has been prepared by the Australian Securities& Investments Commission from information it obtained,by using a data processor, from the national database.If you believe that this extract contains any error or omissionplease advise the A.S.I.C. promptly.The Information Division of the Australian Securities & Investments Commissionis certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)098 718 837 WILU40TT FORESTS INVESTMENT MANAGEMENT PTY. LTD. Document NoACN (Australian Company Number) : 098 718 837Registered in: VictoriaPrevious State Number:Registration Date: 12/11/2001Next Review Date: 12/11/2011Company bound by:Australian Business Number: 50 098 718 837Current Organisation DetailsName WXLLMOTT FORESTS INVESTMENT MANAGEMENT PT?. LTD. 7E3153154Name Start: 12/11/2001Status : ** Under External Administration And/Or Controller Appointed **Type : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANYOrganisation Details from 12/11/2001 to 05/09/2010Name : WILLMOTT FORESTS INVESTMENT MANAGEMENT PT?. LTD. 017578172Name Start: 12/11/2001Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANYRegistered Office249 PARK STREET SOUTH MELBOURNE VIC 3205 1E0105369Start Date: 28/07/2004Previous Registered Office335 FERRARS STREET ALBERT PARK VIC 3206 017606140Start Date: 26/11/2001 Cease Date: 27/07/2004LEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121 017578172Start Date: 12/11/2001 Cease Date: 25/11/2001Principal Place of BusinessPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 1/7

ASIC Historical Company Extract ABN: 50098718837249 PARK STREET SOUTH MELBOURNE VIC 3205 1E0105369Start Date: 12/07/2004Previous Principal Place of Business335 FERRARS STREET ALBERT PARK VIC 3206 017606140Start Date: 12111/2001 Cease Date: 11/07/2004LEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121 017578172Start Date: 12/11/2001 Cease Date: 12/11/2001DirectorsJONATHAN DAVID MADGWICK 15031361110 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 27/09/2004MARCUS DERHAN24 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 12/11/20011E0781919Previous DirectorsGREGORY ROBERT MAC MILLAN 05982 969331 RAMSAY AVENUE KEN EAST VIC 3102Born: 15/02/1953 - MELBOURNE VICAppointment Date: 26/04/2004 Cease Date: 12/12/2008PAUL DICKSON1 HOFF STREET BEAUMARIS VIC 3193Born: 29/06/1962 - MELBOURNE VICAppointment Date: 12/11/2001 Cease Date: 26/04/20040E6441023TOM KOTSIMBOS 017578172LEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121Born: 07/07/1962 - MELBOURNE VICAppointment Date: 12/11/2001 Cease Date: 12/11/2001Previous SecretaryJOHN HUGH RUTLEDGE 15601091714 NORTBCOTE AVENUE BALNYN VIC 3103Born: 09/10/1961 - MELBOURNE VICAppointment Date: 19/11/2009 Cease Date: 09/09/2010JONATHAN DAVID MADGWICK10 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 27/09/2004 Cease Date: 19/11/20091E0313611GREGORY ROBERT MAC MILLAN31 RAMSAY AVENUE NEW EAST VIC 3102Born: 15/02/1953 - MELBOURNE VICAppointment Date: 26/04/2004 Cease Date: 12/12/20080E9829693PAUL DICKSON1 HOFF STREET BEAUMARIS VIC 3193Born: 29/06/1962 - MELBOURNE VICAppointment Date: 12/11/2001 Cease Date: 26/04/20040E6441023TOM KOTSIMBOS 017578172LEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 2/7

ASIC Historical Company Extract ABN: 50098718837Born: 07/07/1962 - MELBOURNE VICAppointment Date: 12/11/2001 Cease Date: 12/11/2001Appointed Auditor088 448 686 ARMSTRONG PARTNERS 023312152SUITE 21 LEVEL 5 150 ALBERT ROAD SOUTH MELBOURNE VIC 3205 (FR 2006)Appointment Date: 12/11/2001Ultimate Molding Company063 263 650 WILLMOTT FORESTS LIMITED 0E9289935ABN (Australian Business Number) 17 063 263 650Receiver ManagerBRYAN WEBSTER 026083350KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK FRANCIS XAVIER MENTHA 026083350LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010BRYAN WEBSTER 026083351KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK ANTHONY KORDA 026083351LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Administrator of a Company Under AdministrationCRAIG DAVID CROSBIE 027134975PPB ’PPB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010IAN MENZIES CARSON 027134975PPB PPB LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010Previous Administrator of a Company Under AdministrationAVITUS THOMAS FERNANDEZ3 CHESTER STREET GLEN WAVERLEY VIC 3150Appointment Date: 06109/2010 Cease Date: 26/10/20107E3153154Share StructureNote: For each class of shares issued by a proprietary company, ASIC recordsthe details of the top twenty members of the class (based on shareholdings)The details of any other members holding the same number of shares as thetwentieth ranked member will also be recorded by ASIC on the database.Where available, historical records show that a member has ceased to beranked amongst the top twenty members. This may, but does not necessarilymean, that they have ceased to be a member of the company.Class: ORD1ORDINARY SHARES1E0105370Printed by Espreon 24/11/2010 15:26 PM AEST For LCR Ref: B ANDREWS 01 Page 317

ASIC Historical Company Extract ABN: 50098718837Number of Shares/Interests Issued 500100Total Amount (if any) Paid / Taken to be Paid: 500100.00Total Amount Due and Payable 0.00MembersClass : ORD1 No. Held: 500100Beneficially Held: YES Paid : FULLY063 263 650 WILLMOTT FORESTS LIMITED249 PARK STREET SOUTH MELBOURNE VIC 3205ABN (Australian Business Number) 17 063 263 650lE0l05370Former MembersClass : ORD1 No. Held: 100Beneficially Held: YES Paid : FULLY063 263 650 WILLMOTT FORESTS LIMITED335 FERRARS STREET ALBERT PARK VIC 3206ABN (Australian Business Number) 17 063 263 6500E658 6910(AR 2001)External Administration and/or Appointment of ControllerForm type Date Received Data Processed No. Pages Effective Date524 15/11/2010 15/11/2010 9 26/10/2010 7532951355245 PRESENTATION OF ACCOUNTS & STATEMENT PRESENTATION OF FINALACCOUNTS OF ADMINISTRATOR505 27/10/2010 28/10/2010 4 26/10/2010 027134975505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 436E(4), 4493, 449C(1), 449C(4) OR 449(6)505 27/10/2010 27/10/2010 2 26/10/2010 753256330505Y NOTIFICATION OF RESIGNATION OR REMOVAL OF ADMINISTRATOR OFCOMPANY UNDER ADMINISTRATION UNDER 5.4365(4), 449B OR 449C5011 09/10/2010 09/10/2010 127 28/09/2010 75322108750113 COPY OF MINUTES OF MEETING OF MEMBERS, CREDITORS,CONTRIBUTORIES OR COMMITTEE OF INSPECTION UNDER S.436E ORS. 4 39A507 07/10/2010 19/10/2010 11 06/09/2010 027160952507G REPORT AS TO AFFAIRS FROM MANAGING CONTROLLER WHO IS ALSO ARECEIVER/MANAGER507 05/10/2010 12/10/2010 10 30/09/2010 027134269507F REPORT AS TO AFFAIRS FROM CONTROLLER UNDER S.429(2) (C)529 23/09/2010 23/09/2010 2 28/09/2010 753189853529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP555 17/09/2010 17/09/2010 2 17/09/2010 753179596555 NOTIFICATION OF RECEIVER EXTENDING TIME TO SUBMIT REPORT505 10/09/2010 14/09/2010 4 06/09/2010 027119625505B NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER505 10/09/2010 14/09/2010 6 06/09/2010 0271196175053 NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER504 10/09/2010 14/09/2010 6 06/09/2010 026083351504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER504 10/09/2010 14/0912010 4 06/09/2010 026083350504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER529 08/09/2010 08/09/2010 28 15/09/2010 753156901529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 4/7

ASIC Historical Company Extract ABN: 50098718837UP505 06/09/2010 06/09/2010 2 06/09/2010 7E3153154505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 4368,436C, 436E(4), 449B, 449C(1), 449C(4) OR 449(6)Altered by 027 052 836Charges Registered and Related Documents ReceivedNote: A charge is some form of security given over the property/assets ofthe company. In order to obtain details of the ’amount secured by a charge’,’the property charged’, the property released from a charge or the documentsrelating to a satisfaction, assignment or change in details, it is necessaryto obtain a ’CHARGES EXTRACT’.ASIC Charge Number : 1767719 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITEDDocuments ReceivedForm Description Date Proc’d No. Document NoType Lodged Pages309 20/03/2009 YES 38 025476458NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1767727 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 35 025476446NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 976350 14/05/2009 YES 3 025577976CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 446ASIC Charge Number : 1767747 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CEA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 34 025476430NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 975350 14/05/2009 YES 3 025577975CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 430ASIC Charge Number : 1767774 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (145W) PT? LIMITED309 20/03/2009 YES 37 025476439NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 974350 14/05/2009 YES 3 025577974CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 439Note: This extract may not contain all charges for corporations registeredprior to 1991 and it may be advisable to also search the State or territotyPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 5/7

ASIC Historical Company Extract ABN: 50098718837records held by the ASIC.Documents Received (except those listed already under Charges)Form Type Date Received Date Processed No. Pages Effective Date370 13/09/2010 13/09/2010 2 13/09/2010 025618999370 Notification By Officeholder of Resignation or Retirement902 08/09/2010 09/09/2010 2 06/09/2010 027052836902 Supplementary DocumentAlters 753 153 154484 20/11/2009 20/11/2009 2 19/11/2009 1560109174845 Change to Company Details Appointment or Cessation of ACompany Officeholder350 14/05/2009 15/05/2009 3 14/05/2009 025577974350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 439350 14/05/2009 15/05/2009 3 14/05/2009 025577975350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 430350 14/05/2009 15/05/2009 3 14/05/2009 025577976350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 446484 19/12/2008 19/12/2008 2 18/12/2008 1E50494044845 Change to Company Details Appointment or Cessation of ACompany Officeholder388 19/09/2008 29/09/2008 20 30/06/2008 025039530388J Financial Report Financial Report - Small Proprietary (FR 2008)Company That Is Directed By ASIC to Prepare And LodgeFS66 14/05/2008 14/05/2008 1 14/05/2008 024131243FS66 Order Revoking Afs Licence388 28/09/2007 18/10/2007 19 30/06/2007 0241137283881 Financial Report Financial Report - Small Proprietary (FR 2007)Company That Is Controlled By a Foreign Company388 29/09/2006 06/10/2006 19 30/06/2006 023312152388 Financial Report (FR 2006)3885 Company - Appoint Change Name/address of Auditor3881 Financial Report - Small Proprietary Company That IsControlled By a Foreign Company484 24/03/2005 24/03/2005 2 23/03/2005 150781919484A1 Change to Company Details Change Officeholder Name OrAddress484 27/09/2004 27/09/2004 2 27/09/2004 1503136114845 Change to Company Details Appointment or Cessation of ACompany OfficeholderF502 14/09/2004 14/09/2004 18 14/09/2004 0L0301972FS02 Copy of Afs Licence484 21/07/2004 21/07/2004 2 12/07/2004 150105369484 Change to Company Details484B Change of Registered Address484C Change of Principal Place of Business (Address)484 21/07/2004 21/07/2004 2 12/07/2004 150105370484 Change to Company Details4840 Changes to Share StructurePrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 6/7

ASIC Historical Company ExtractABN: 50098718837484A2Change Member Name or Address484 05/05/2004 05/05/2004 2 0E9829693484E Change to Company Details Appointment or Cessation of ACompany OfficeholderFS02 09/12/2003 09/12/2003 18 09/12/2003 0L0300726FS02 Copy of Afs Licence484 29/10/2003 29/10/2003 1 18/10/2003 0E9289935484D Change to Company Details Change to Ultimate Holding Company316 11/10/2002 11/10/2002 3 27/09/2002 0E7768732316L Annual Return Annual Return - Proprietary Company (AR 2002)852 20/02/2002 20/02/2002 2 20/02/2002 017393226852A Copy of Occupational Licence of Securities Dealer207 14/02/2002 14/02/2002 1 31/01/2002 0E7102973207 Notification of Share Issue316 11/12/2001 11/12/2001 3 04/12/2001 056586910316L ANNUAL RETURN - PROPRIETARY COMPANY (AR 2001)203 19/11/2001 21/11/2001 1 12/11/2001 017606140203 NOTIFICATION OF203A CHANGE OF ADDRESS203G CHANGE OF ADDRESS - PRINCIPAL PLACE OF BUSINESS207 19/11/2001 27/11/2001 1 12/11/2001 017606221207 NOTIFICATION OF SHARE ISSUE304 16/11/2001 16/11/2001 1 12/11/2001 056441023304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY201 12/11/2001 12/11/2001 4 12/11/2001 017578172201C APPLICATION FOR REGISTRATION AS A PROPRIETARY COMPANYNote: Where no Date Processed is shown, the document in question has notbeen processed. In these instances care should be taken in usinginformation that may be updated by the document when it is processed. Wherethe Date Processed is shown but there is a zero under No. Pages, the documenthas been processed but a copy is not yet available.Financial ReportsBalance Report AGH Extended AGMDate Due Date Due Date AGM Due Held Date 0/Stand30/06/2006 30/11/2006 Unknown Unknown Unknown Unknown30/06/2007 31/10/2007 Unknown Unknown Unknown Unknown30/06/2008 31/10/2008 Unknown Unknown Unknown UnknownNote: Where the expression "Unknown" is shown, the precise datemay be available from records taken over on 1 january 1991 andheld by the ASIC in paper or microfiche.Contact Address for ASIC use onlySection 146A of the Corporations Act 2001 states:’A contact address is the address to which communicationsand notices are sent from ASIC to the company.’251 PARK STREET SOUTH MELBOURNE VIC 3205Start Date: 28/06/2003*** End of ExtractPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 7/7

ASIC Historical Company Extract ABN: 56134963027ASIC Current and Historical Extract as at Date: 24 Nov 2010 Time: 15:26:43This computer produced extract contains information derived fromthe ASIC database either from documents lodged with the ASICand processed as at the stated date of the extract, or from recordssupplied by previous state and/or territory systems.Please advise the A.S.I.C. promptly of any error or ommissionwhich you may find, so that we can correct it.The Information Division of the Australian Securities & InvestmentsCommission is certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)Section 1274BThis extract has been prepared by the Australian Securities& Investments Commission from information it obtained,by using a data processor, from the national database.If you believe that this extract contains any error or omissionplease advise the A.S.I.C. promptly.The Information Division of the Australian Securities & Investments Commissionis certified under the Australian Quality Standard AS 3901(International Standard ISO 9001).134 963 027 WILIMOT’P SUBSCRIBER PTY. LTD. Document NoACM (Australian Company Number): 134 963 027Registered in: VictoriaPrevious State Number:Registration Date: 16/01/2009Next Review Date: 16/01/2011Company bound by:Australian Business Number: 56 134 963 027Current Organisation DetailsName : WXLLMOTT SUBSCRIBER PTY. LTD. 7E3153191Name Start: 16/01/2009Status : ** Under External Administration And/Or Controller Appointed **Type : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANYOrganisation Details from 16/01/2009 to 05/09/2010Name : WXLLMOTT SUBSCRIBER PTY. LTD.Name Start: 16/01/2009Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANY1E5100710Registered Office249 PARK STREET SOUTH MELBOURNE VIC 3205Start Date: 03/02/2009025415445Previous Registered OfficeLEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121Start Date: 16/01/2009 Cease Date: 02/02/20091E5l0O71OPrincipal Place of Business249 PARK STREET SOUTH MELBOURNE VIC 3205 025415445Start Date: 16/01/2009Printed by Espreon 24/1112010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 1/4

ASIC Historical Company Extract ABN: 56134963027Previous Principal Place of BusinessLEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121Start Date: 16/01/2009 Cease Date: 16/01/20091E5100710DirectorsMARCUS DERHA4 02541544524 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 16/01/2009Previous DirectorsTOM KOTSIMBOS225 BRIDGE ROAD RICHMOND VIC 3121Born: 07/07/1962 MELBOURNE VICAppointment Date: 16/01/2009 Cease Date: 16/01/20091E5100710SecretaryMARCUS DERHAX4 02541544524 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 16/01/2009Previous SecretaryTOM NOTSIMBOS225 BRIDGE ROAD RICHMOND VIC 3121Born: 07/07/1962 - MELBOURNE VZCAppointment Date: 16/01/2009 Cease Date: 16/01/20091E5100710Receiver ManagerBRYAN WEBSTER 026083343KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK ANTHONY KORDA 026083343LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Administrator of a Company Under AdministrationCRAIG DAVID CROSBIE 027134978PPB ’E’PB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010IAN MENZIES CARSON 027134978PPB ’EPB LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010Previous Administrator of a Company Under AdministrationAVITUS THOMAS FERNANDEZ3 CHESTER STREET GLEN WAVERLEY VIC 3150Appointment Date: 06/09/2010 Cease Date: 26/10/20107E3153191Share StructureNote: For each class of shares issued by a proprietary company, ASIC recordsPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 2/4

ASIC Historical Company Extract ABN: 56134963027the details of the top twenty members of the class (based on shareholdings)The details of any other members holding the same number of shares as thetwentieth ranked member will also be recorded by ASIC on the database.Where available, historical records show that a member has ceased to beranked amongst the top twenty members. This may, but does not necessarilymean, that they have ceased to be a member of the company.Class: ORD 025415445ORDINARY SHARESNumber of Shares/Interests Issued : 100Total Amount (if any) Paid / Taken to be Paid: 100.00Total Amount Due and Payable : 0.00MembersClass : ORD No. Held: 100 025415445Beneficially Held: YES Paid : FULLY063 263 650 WILLMOTT FORESTS LIMITED249 PARK STREET SOUTH MELBOURNE VIC 3205ABN (Australian Business Number) 17 063 263 650Former MembersClass : ORD No. Held: 2 1E5100710Beneficially Held: NO Paid : FULLYTOM KOTSIMBOS225 BRIDGE ROAD RICHMOND VIC 3121External Administration and/or Appointment of ControllerForm Type Date Received Date Processed No. Pages Effective Date524 15/11/2010 15/11/2010 9 26/10/2010 7E3295342524Z PRESENTATION OF ACCOUNTS & STATEMENT PRESENTATION OF FINALACCOUNTS OF ADMINISTRATOR505 27/10/2010 28/10/2010 4 26/10/2010 0271349785050 NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 4365,436C, 436E(4), 449B, 449C(1), 449C(1) OR 449(6)505 27/10/2010 27/10/2010 2 26/10/2010 7E3256415505Y NOTIFICATION OF RESIGNATION OR REMOVAL OF ADMINISTRATOR OFCOMPANY UNDER ADMINISTRATION UNDER S.436E(4), 4498 OR 449C5011 09/10/2010 09/10/2010 127 28/09/2010 7E322107750118 COPY OF MINUTES OF MEETING OF MEMBERS, CREDITORS,CONTRIBUTORIES OR COMMITTEE OF INSPECTION UNDER S.436E ORS. 439A507 07/10/2010 19/10/2010 11 06/09/2010 027160953507G REPORT AS TO AFFAIRS FROM MANAGING CONTROLLER WHO IS ALSO ARECEIVER/MANAGER507 05/10/2010 12/10/2010 10 30/09/2010 027134274507F REPORT AS TO AFFAIRS FROM CONTROLLER UNDER S.429(2) (C)529 23/09/2010 23/09/2010 2 28/09/2010 753189908529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP555 17/09/2010 17/09/2010 2 17/09/2010 753179609555 NOTIFICATION OF RECEIVER EXTENDING TIME TO SUBMIT REPORT505 10/09/2010 14/09/2010 4 06/09/2010 027119612505B NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER504 10/09/2010 14/09/2010 4 06/09/2010 026083343504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGERPrinted by Espreon 24111/2010 15:26 PM AEST For LCR Ref: B ANDREWS 01 Page 3/4

ASIC Historical Company Extract ABN: 56134963027529 08/09/2010 08/09/2010 28 15/09/2010 733157451529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP505 06/09/2010 06/09/2010 2 06/09/2010 7E3153191505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 436E(4), 449B, 449C(l), 449C(4) OR 449(6)Altered by 027 052 838Charges Registered and Related Documents ReceivedNote: A charge is some form of security given over the property/assets ofthe company. In order to obtain details of the ’amount secured by a charge’,’the property charged’, the property released from a charge or the documentsrelating to a satisfaction, assignment or change in details, it is necessaryto obtain a ’CHARGES EXTRACT’.ASIC Charge Number : 1767722 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 16/03/2009Chargee/Trustee : 072 765 434 CRA CORPORATE SERVICES (NSW) PTY LIMITEDDocuments ReceivedForm Description Date Proc’d No. Document NoType Lodged Pages309 20/03/2009 YES 39 025476460NOTIFICATION OFDETAILS OF A CHARGENote: This extract may not contain all charges for corporations registeredprior to 1991 and it may be advisable to also search the State or territotyrecords held by the ASIC.Documents Received (except those listed already under Charges)Form Type Date Received Date Processed No. Pages Effective Date902 08/09/2010 09/09/2010 2 06/09/2010 027052838902 Supplementary DocumentAlters 7E3 153 191484 27/01/2009 28/01/2009 9 28/01/2009 025415445484 Change to Company Details4843 Change of Registered Address484C Change of Principal Place of Business (Address)484E Appointment or Cessation of a Company Officeholder4840 Changes to Share Structure484W Changes to (Members) Share Holdings201 16/01/2009 16/01/2009 3 16/01/2009 1E5100710201C Application For Registration as a Proprietary CompanyNote: Where the expression "Unknown" is shown, the precise datemay be available from records taken over on 1 january 1991 andheld by the ASIC in paper or microfiche.Contact Address for ASIC use onlySection 146A of the Corporations Act 2001 states:’A contact address is the address to which communicationsand notices are Sent from ASIC to the company.’251 PARK STREET SOUTH MELBOURNE VIC 3205Start Date: 29/01/2009End of Extract ***Printed by Espreon 24111/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 4/4

ASIC Historical Company Extract ABN: 58134963036ASIC Current and Historical Extract as at Date: 24 Nov 2010 Time: 15:27:28This computer produced extract contains information derived fromthe ASIC database either from documents lodged with the ASICand processed as at the stated date of the extract, or from recordssupplied by previous State and/or territory systems.Please advise the A.S.I.C. promptly of any error or onnsissionwhich you may find, so that we can correct it.The Information Division of the Australian Securities & InvestmentsCommission is certified under the Australian Quality Standard AS 3901(International Standard ISO 9001).Section 12745This extract has been prepared by the Australian Securities& Investments Commission from information it obtained,by using a data processor, from the national database.If you believe that this extract contains any error or omissionplease advise the A.S.I.C. promptly.The Information Division of the Australian Securities & Investments Commissionis certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)134 963 036 WILLMOT’f NOTES PTY. LTD. Document NoACM (Australian Company Number): 134 963 036Registered in: VictoriaPrevious State Number:Registration Date: 16/01/2009Next Review Date: 16/01/2011Company bound by:Australian Business Number: 58 134 963 036Current Organisation DetailsName : WILLMOTT NOTES PT?. LTD. 7E3153187Name Start: 16/01/2009Status : ** Under External Administration And/Or Controller Appointed **Type : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANYOrganisation Details from 16/01/2009 to 05/09/2010Name : WILLMOTT NOTES PT?. LTD.Name Start: 16/01/2009Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANY1E5100711Registered Office249 PARK STREET SOUTH MELBOURNE VIC 3205Start Date: 03/02/2009025415446Previous Registered OfficeLEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121Start Date: 16/01/2009 Cease Date: 02/02/20091E5100711Principal Place of Business249 PARK STREET SOUTH MELBOURNE VIC 3205 025415446Start Date: 16/01/2009Printed by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref B ANDREWS 01 Page 1/5

ASIC Historical Company Extract ABN: 58134963036Previous Principal Place of BusinessLEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121Start Date: 16/01/2009 Cease Date: 16/01/20091E5100711DirectorsMARCUS BERMAN 02511544624 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 16101/2009Previous DirectorsTOM KOTSIMBOS225 BRIDGE ROAD RICHMOND VIC 3121Born: 07/07/1962 - MELBOURNE VICAppointment Date: 16/01/2009 Cease Date: 16/01/20091E5100711SecretaryMARCUS DERHAM 02541544624 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 16/01/2009Previous SecretaryTOM KOTSIMBOS 155100711225 BRIDGE ROAD RICHMOND VIC 3121Born: 07/07/1962 - MELBOURNE VICAppointment Date: 16/01/2009 Cease Date: 16/01/2009Receiver ManagerBRYAN WEBSTER 026083344KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK ANTHONY KORDA 026083344LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Administrator of a Company Under AdministrationCRAIG DAVID CROSBIE 027134972PPB PPB LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010IAN MENZIES CARSON 027134972PPB ’PPB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010Previous Administrator of a Company Under AdministrationAVITUS THOMAS FERNANDEZ3 CHESTER STREET GLEN WAVERLEY VIC 3150Appointment Date: 06/09/2010 Cease Date: 26/10/20107E3153187Share StructureNote: For each class of shares issued by a proprietary company, ASIC recordsPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 2/5

ASIC Historical Company Extract ABN: 58134963036the details of the top twenty members of the class (based on shareholdings)The details of any other members holding the same number of shares as thetwentieth ranked member will also be recorded by ASIC on the database.Where available, historical records show that a member has ceased to beranked amongst the top twenty members. This may, but does not necessarilymean, that they have ceased to be a member of the company.Class: ORD 025415446ORDINARY SHARESNumber of Shares/Interests Issued : 100Total Amount (if any) Paid / Taken to be Paid: 100.00Total Amount Due and Payable : 0.00MembersClass : ORD No. Held: 100 025415446Beneficially Held: YES Paid : FULLY063 263 650 WILLMOTT FORESTS LIMITED249 PARK STREET SOUTH MELBOURNE VIC 3205ABN (Australian Business Number) 17 063 263 650Former MembersClass : ORD No. Held: 2 1E5100711Beneficially Held: NO Paid : FULLYTOM KOTSIMBOS225 BRIDGE ROAD RICHMOND VIC 3121External Administration and/or Appointment of ControllerForm Type Date Received Date Processed No. Pages Effective Date524 15/11/2010 15/11/2010 9 26/10/2010 7E3295221524Z PRESENTATION OF ACCOUNTS & STATEMENT PRESENTATION OF FINALACCOUNTS OF ADMINISTRATOR505 27/10/2010 28/10/2010 4 26/10/2010 027134972505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 4368,436C, 436E(4), 4498, 449C(1), 449C(4) OR 449(6)505 27/10/2010 27/10/2010 2 26/10/2010 7E3256404505Y NOTIFICATION OF RESIGNATION OR REMOVAL OF ADMINISTRATOR OFCOMPANY UNDER ADMINISTRATION UNDER S.436E(4), 4498 OR 449C5011 09/10/2010 09/10/2010 127 28/09/2010 7E32210805011B COPY OF MINUTES OF MEETING OF MEMBERS, CREDITORS,CONTRIBUTORIES OR COMMITTEE OF INSPECTION UNDER S.436E ORS. 439A507 07/10/2010 19/10/2010 11 06/09/2010 027160958507G REPORT AS TO AFFAIRS FROM MANAGING CONTROLLER WHO IS ALSO ARECEIVER/MANAGER507 05/10/2010 12/10/2010 10 30/09/2010 027134276507F REPORT AS TO AFFAIRS FROM CONTROLLER UNDER S.429(2) (C)529 23/09/2010 23/09/2010 2 28/09/2010 7E3189895529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP555 17/09/2010 17/09/2010 2 17/09/2010 7E3179608555 NOTIFICATION OF RECEIVER EXTENDING TIME TO SUBMIT REPORT505 10/09/2010 14/09/2010 5 06/09/2010 0271196135058 NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER504 10/09/2010 14/09/2010 5 06/09/2010 0260833445048 NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGERPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 3/5

ASIC Historical Company Extract ABN: 58134963036529 08/09/2010 08/09/2010 28 15/09/2010 7E3157020529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP505 06/09/2010 06/09/2010 2 06/09/2010 7E3153187505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 436E(4), 4495, 449C(1), 449C(4) OR 449(6)Altered by 027 052 830Charges Registered and Related Documents ReceivedNote: A charge is some form of security given over the property/assets ofthe company. In order to obtain details of the ’amount secured by a charge’,’the property charged’, the property released from a charge or the documentsrelating to a satisfaction, assignment or change in details, it is necessaryto obtain a ’CHARGES EXTRACT’.ASIC Charge Number : 1767720 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 16/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITEDDocuments ReceivedForm Description Date Proc’d No. Document NoType Lodged Pages309 20/03/2009 YES 39 025476459NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1767767 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created 17/03/2009Chargee/Trustee : 072 765 434 CEA CORPORATE SERVICES (NEW) PT? LIMITED309 20/03/2009 YES 37 025476437NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 992350 14/05/2009 ?ES 3 025577992CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 437Note: This extract may not contain all charges for corporations registeredprior to 1991 and it may be advisable to also search the State or territotyrecords held by the ASIC.Documents Received (except those listed already under Charges)Form Type Date Received Date Processed No. Pages Effective Date902 08/09/2010 09/09/2010 2 06/09/2010 027052830902 Supplementary DocumentAlters 7E3 153 187350 14/05/2009 15/05/2009 3 14/05/2009 025577992350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 437484 27/01/2009 28/01/2009 9 28/01/2009 025415446484 Change to Company Details484B Change of Registered Address484C Change of Principal Place of Business (Address)484E Appointment or Cessation of a Company Officeholder4840 Changes to Share Structure484N Changes to (Members) Share HoldingsPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 4/5

ASIC Historical Company Extract ABN: 58134963036201 16/01/2009 16/01/2009 3 16/01/2009 1E5100711201C Application For Registration as a Proprietary CompanyNote: Where the expression "Unknown" is shown, the precise datemay be available from records taken over on 1 january 1991 andheld by the ASIC in paper or microfiche.Contact Address for ASIC use onlySection 146A of the Corporations Act 2001 states:’A contact address is the address to which communicationsand notices are sent from ASIC to the company.’251 PARK STREET SOUTH MELBOURNE VIC 3205Start Date: 29/01/2009End of ExtractPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 5/5

ASIC Historical Company Extract ABN: 79130251759ASIC Current and Historical Extract as at Date: 24 Nov 2010 Time: 15:26:38This computer produced extract contains information derived fromthe ASIC database either from documents lodged with the ASICand processed as at the stated date of the extract, or from recordssupplied by previous state and/or territory systems.Please advise the A.S.I.C. promptly of any error or ommissionwhich you may find, so that we can correct it.The Information Division of the Australian Securities & InvestmentsCommission is certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)Section 1274BThis extract has been prepared by the Australian Securities& Investments Commission from information it obtained,by using a data processor, from the national database.If you believe that this extract contains any error or omissionplease advise the A.S.I.C. promptly.The Information Division of the Australian Securities & Investments Commissionis certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)130 251 759 WILLMOTT ENERGY PTY. LTD. Document NoACM (Australian Company Number) : 130 251 759Registered in: VictoriaPrevious State Number:Registration Date: 19/03/2008Next Review Date: 19/03/2011Company bound by:Australian Business Number: 79 130 251 759Current Organisation DetailsName : WILLMOTT ENERGY PTY. LTD. 763153176Name Start: 19/03/2008Status : ** Under External Administration And/Or Controller Appointed **Type : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANYOrganisation Details from 19/03/2008 to 05/09/2010Name : WILLMOTT ENERGY PTY. LTD.Name Start: 19/03/2008Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANY1642044 65Registered Office249 PARK STREET SOUTH MELBOURNE VIC 3205Start Date: 02/04/2008024538735Previous Registered OfficeLEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121Start Date: 19/03/2008 Cease Date: 01/04/20081E4204465Principal Place of Business249 PARK STREET SOUTH MELBOURNE VIC 3205 024538735Start Date: 19/03/2008Printed by Espreon 2411112010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 1/6

ASIC Historical Company Extract ABN: 79130251759Previous Principal Place of BusinessLEVEL 1 225 BRIDGE ROAD RICHMOND VIC 3121Start Date: 19/03/2008 Cease Date: 19/03/20081E4204465DirectorsMARCUS DERHAM 02453873524 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 19/03/2008JONATHAN DAVID MADGWICK 02453873510 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 19/03/2008Previous DirectorsTOM KOTSIMBOS225 BRIDGE ROAD RICHMOND VIC 3121Bern: 07/07/1962 - MELBOURNE VICAppointment Date: 19/03/2008 Cease Date: 19/03/20081E4204465Previous SecretaryJOHN HUGH RUTLEDGE14 NORTHCOTE AVENUE BALWYN VIC 3103Born: 09/10/1961 - MELBOURNE VICAppointment Date: 19/11/2009 Cease Date: 09/09/20101E6010918MARCUS DERHAM 02453873524 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 19/03/2008 Cease Date: 19/11/2009TOM KOTSIMBOS225 BRIDGE ROAD RICHMOND VIC 3121Born: 07/07/1962 - MELBOURNE VICAppointment Date: 19/03/2008 Cease Date: 19/03/20081E4204465Receiver ManagerBRYAN WEBSTER 026083356KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK FRANCIS XAVIER MENTHA 026083356LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010BRYAN WEBSTER 026083357KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK ANTHONY RORDA 026083357LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Administrator of a Company Under AdministrationCRAIG DAVID CROSBIE 027134973PPB PPB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Printed by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 2/6

ASIC Historical Company Extract ABN: 79130251759Appointment Date: 26/10/2010IAN MENZIES CARSON 027134973PPB PPB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010Previous Administrator of a Company Under AdministrationAVITUS THOMAS FERNANDEZ3 CHESTER STREET GLEN WAVERLEY VIC 3150Appointment Date: 06/09/2010 Cease Date: 26/10/20107E3153176Share StructureNote: For each class of shares issued by a proprietary company, ASIC recordsthe details of the top twenty members of the class (based on shareholdings).The details of any other members holding the same number of shares as thetwentieth ranked member will also be recorded by ASIC on the database.Where available, historical records show that a member has ceased to beranked amongst the top twenty members. This may, but does not necessarilymean, that they have ceased to be a member of the company.Class: ORD 024538735ORDINARY SHARESNumber of Shares/Interests Issued : 100Total Amount (if any) Paid / Taken to be Paid: 100.00Total Amount Due and Payable : 0.00MembersClass : ORD No. Held: 100 024538735Beneficially Held: YES Paid : FULLY063 263 650 WILLMOTT FORESTS LIMITED249 PARK STREET SOUTH MELBOURNE VIC 3205ABN (Australian Business Number) 17 063 263 650Former MembersClass : ORD No. Held: 2 1E4204465Beneficially Held: NO Paid FULLYTOM KOTSIMBOS225 BRIDGE ROAD RICHMOND VIC 3121External Administration and/or Appointment of ControllerForm Type Date Received Date Processed No. Pages Effective Date524 15/11/2010 15/11/2010 9 26/10/2010 7E3295191524Z PRESENTATION OF ACCOUNTS & STATEMENT PRESENTATION OF FINALACCOUNTS OF ADMINISTRATOR505 27/10/2010 28/10/2010 4 26/10/2010 027134973505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 436E(4), 449B, 449C(1), 449C(4) OR 449(6)505 27/10/2010 27/10/2010 2 26/10/2010 7E3256375505Y NOTIFICATION OF RESIGNATION OR REMOVAL OF ADMINISTRATOR OFCOMPANY UNDER ADMINISTRATION UNDER S.436E(4), 4498 OR 449C5011 09/10/2010 09/10/2010 127 28/09/2010 7532210835011B COPY OF MINUTES OF MEETING OF MEMBERS, CREDITORS,CONTRIBUTORIES OR COMMITTEE OF INSPECTION UNDER S.436E OR9.43 9APrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 3/6

ASIC Historical Company Extract ABN: 79130251759507 07/10/2010 19/10/2010 11 06/09/2010 027160959507G REPORT AS TO AFFAIRS FROM MANAGING CONTROLLER WHO IS ALSO ARECEIVER/MANAGER507 05/10/2010 12/10/2010 10 30/09/2010 027134273507F REPORT AS TO AFFAIRS FROM CONTROLLER UNDER S.429(2) (C)529 23/09/2010 23/09/2010 2 28/09/2010 7E3189887529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP555 17/09/2010 17/09/2010 2 17/09/2010 7E3179606555 NOTIFICATION OF RECEIVER EXTENDING TIME TO SUBMIT REPORT505 10/09/2010 14/09/2010 4 06/09/2010 0271196275053 NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER505 10/09/2010 14/09/2010 6 06/09/2010 0271196185056 NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER504 10/09/2010 14/09/2010 6 06/09/2010 0260833575043 NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER504 10/09/2010 14/09/2010 4 06/09/2010 026083356504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER529 08/09/2010 08/09/2010 28 15/09/2010 753156969529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP505 06/09/2010 06/09/2010 2 06/09/2010 753153176505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 4368,436C, 4363(4), 449B, 449C(1), 449C(4) OR 449(6)Altered by 027 052 837Charges Registered and Related Documents ReceivedNote: A charge is some form of security given over the property/assets ofthe company. In order to obtain details of the ’amount secured by a charge’,’the property charged’, the property released from a charge or the documentsrelating to a satisfaction, assignment or change in details, it is necessaryto obtain a ’CHARGES EXTRACT’.ASIC Charge Number : 1767714 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITEDDocuments ReceivedForm Description Date Proc’d No. Document NoType Lodged Pages309 20/03/2009 YES 38 025476455NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1767729 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 35 025476445NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 983350 14/05/2009 YES 3 025577983CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 445ASIC Charge Number : 1767748 Status : RegisteredPrinted by Espreon 24/11/2010 15:26 PM AEST For: LCR Ref., B ANDREWS 01 Page 4/6

ASIC Historical Company Extract ABN: 79130251759Date and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created 17/03/2009Chargee/Trustee: 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 34 025476431NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 984350 14/05/2009 YES 3 025577984CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 431ASIC Charge Number : 1767777 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee: 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 37 025476440NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 985350 14/05/2009 YES 3 025577985CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 440Note: This extract may not contain all charges for corporations registeredprior to 1991 and it may be advisable to also search the State or territotyrecords held by the ASIC.Documents Received (except those listed already under Charges)Form Type Date Received Date Processed No. PagesEffective Date370 13/09/2010 13/09/2010 2 13/09/2010 027098009370 Notification By Officeholder of Resignation or Retirement902 08/09/2010 09/09/2010 2 06/09/2010 027052837902 Supplementary DocumentAlters 7E3 153 176484 20/11/2009 20/11/2009 2 19/11/2009 1E6010918484E Change to Company Details Appointment or Cessation of ACompany Officeholder350 14/05/2009 15/05/2009 3 14/05/2009 025577983350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 445350 14/05/2009 15/05/2009 3 14/05/2009 025577984350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 431350 14/05/2009 15/05/2009 3 14/05/2009 025577985350 CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 440484 26/03/2008 26/03/2008 10 26/03/2008 024538735484 CHANGE TO COMPANY DETAILS484B CHANGE OF REGISTERED ADDRESS484C CHANGE OF PRINCIPAL PLACE OF BUSINESS (ADDRESS)484E APPOINTMENT OR CESSATION OF A COMPANY OFFICEHOLDER4840 CHANGES TO SHARE STRUCTURE484W CHANGES TO (MEMBERS) SHARE HOLDINGS201 19/03/2008 19/03/2008 3 19/03/2008 1E4204465201C APPLICATION FOR REGISTRATION AS A PROPRIETARY COMPANYPrinted by Espreon 24/11(2010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 5/6

ASIC Historical Company Extract ABN: 79130251759Note: Where the expression "Unknown" is shown, the precise datemay be available from records taken over on 1 january 1991 andheld by the ASIC in paper or microfiche.Contact Address for ASIC use onlySection 146A of the Corporations Act 2001 states:’A contact address is the address to which communicationsand notices are sent from ASIC to the company.’251 PARK STREET SOUTH MELBOURNE VIC 3205Start Date: 02/04/2008End of ExtractPrinted by Espreon 24/1112010 15:26 PM AEST For: LCR Ref: B ANDREWS 01 Page 6/6

ASIC Historical Company Extract ABN: 8909635901ASIC Current and Historical Extract as at Date: 24 Nov 2010 Time: 15:26:48This computer produced extract contains information derived fromthe ASIC database either from documents lodged with the ASICand processed as at the stated date of the extract, or from recordssupplied by previous state and/or territory systems.Please advise the A.S.I.C. promptly of any error or omrnissionwhich you may find, so that we can correct it.The Information Division of the Australian Securities & InvestmentsCommission is certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)Section 1274BThis extract has been prepared by the Australian Securities& Investments Commission from information it obtained,by using a data processor, from the national database.If you believe that this extract Contains any error or omissionplease advise the A.S.I.C. promptly.The Information Division of the Australian Securities & Investments Commissionis certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)096 335 901 BIOENERGY AUSTRALIA PTY LTD Document NoACM (Australian Company Number): 096 335 901Registered in: Western AustraliaPrevious State Number:Registration Date: 27/03/2001Next Review Date: 27/03/2011Company bound by:Australian Business Number: 89 096 335 901Current Organisation DetailsName : BIOENERGY AUSTRALIA PTY LTD 7E3153201Name Start: 28/06/2008Status : ** Under External Administration And/Or Controller Appointed **Type : AUSTRALIAN PROPRIETARY COMPANYClass : LIMITED BY SHARESSubclass : PROPRIETARY COMPANYOrganisation Details from 28/06/2008 to 05/09/2010Name : BIOENERGY AUSTRALIA PTY LTDName Start: 28/06/2008Status : RegisteredType : AUSTRALIAN PROPRIETARY COMPANYClass LIMITED BY SHARESSubclass : PROPRIETARY COMPANY024680641Organisation Details from 01/02/2002 to 27/06/2008Name : BIOENERGY AUSTRALIA LIMITEDName Start: 01/02/2002Status : RegisteredType : AUSTRALIAN PUBLIC COMPANYClass : LIMITED BY SHARESSubclass : UNLISTED PUBLIC COMPANY015416660Organisation Details from 27/03/2001 to 31/01/2002Name : BIOFOREST LIMITEDName Start: 27/03/2001Status : RegisteredType : AUSTRALIAN PUBLIC COMPANYClass LIMITED BY SHARES0E5780925Printed by Espreon 24/1112010 15:27 PM AEST For: LCR Ref B ANDREWS 01 Page 1116

ASIC Historical Company Extract ABN: 59096335901Subclass : UNLISTED PUBLIC COMPANYRegistered Office249 PARK STREET SOUTH MELBOURNE VIC 3205 023935162Start Date: 05/07/2007Previous Registered OfficeSUITE 49 90 MONA VALE ROAD MONA VALE NSW 2103 750440129Start Date: 27/07/2005 Cease Date: 04/07/2007BlO ENERGY AUSTRALIA LIMITED LEVEL 32 EXCHANGE PLAZA 0176583262 THE ESPLANADE PERTH WA 6000Start Date: 22/03/2002 Cease Date: 26/07/2005BUTLER SETTINERI LEVEL 1 ’CONSTRUCTION HOUSE’35-37 HAVELOCK STREET NEST PERTH WA 6005Start Date: 26/03/2001 Cease Date: 21/03/20020E5780925Principal Place of Business249 PARK STREET SOUTH MELBOURNE VIC 3205 751242410Start Date: 20/06/2007Previous Principal Place of BusinessSUITE 49 90 MONA VALE ROAD MONA VALE NSW 2103 021384028Start Date: 07/04/2005 Cease Date: 19/06/2007SUITE 49 90 MONA VALE ROAD MONA VALE NSW 2103 750378259Start Date: 07/04/2005 Cease Date: 07/04/2005LEVEL 32 EXCHANGE PLAZA 2 THE ESPLANADE PERTH WA 60000E6978845Start Date: 19/11/2001 Cease Date: 06/04/2005 (AR 2001)LEVEL 32 2 THE ESPLANADE PERTH WA 6000Start Date: 19/11/2001 Cease Date: 29/01/20020E647773933 CARGILL STREET VICTORIA PARK WA 6100 055780925Start Date: 26/03/2001 Cease Date: 18/11/2001DirectorsJONATHAN DAVID MADGWICK 02359258510 FERRARS PLACE SOUTH MELBOURNE VIC 3205Born: 04/03/1961 - WELLING UNITED KINGDOMAppointment Date: 13/03/2007MARCUS DERHAM 75109503224 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 18/04/2007Previous DirectorsDAVID ALAN SMITH 02359258527 BERRIMA AVENUE MALVERN EAST VIC 3145Born: 08/06/1967 - ESSENDON VICAppointment Date: 13/03/2007 Cease Date: 01/09/2009IAN RICHARD BOND877 PUNT ROAD SOUTH YP.RRA VIC 3141Born: 16/10/1946 - MELBOURNE VICAppointment Date: 23/10/2007 Cease Date: 12/03/20097E1334462Printed by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 2116

ASIC Historical Company Extract ABN: 89096335901SIMON MARK ACKLAND0E85451989 ROBBINS PLACE WINTHROP WA 6150 (AR 2002)Born: 01/03/1957 PERTH WAAppointment Date: 17/01/2003 Cease Date: 30/04/2008CLIFFORD ANTHONY FEIFFER7 LOVERING PLACE NEWPORT NSW 2106Born: 06/06/1962 - DANDENONG VICAppointment Date: 26/03/2001 Cease Date: 05/09/20077E0440129RICHARD FINLAY-JONES63 MYAMBLAH CRESCENT MEREWETHER NEW 2291Born: 26/07/1963 - NEWCASTLE WSWAppointment Date: 01/01/2006 Cease Date: 13/03/20077E0598697DENNIS LESLIE WILKIE 1F0034 70011 REGENCY PLACE CARINDALE QLD 4152Born: 26/02/1952 - MILDtJR.A VICAppointment Date: 01/10/2005 Cease Date: 21/11/2006HAROLD THOMAS WEIR 0182810015 GALENA PLACE CARINE WA 6020Born: 30/05/1940 - ASHBURTON NEW ZEALANDAppointment Date: 16/07/2002 Cease Date: 01/08/2005RICHARD JONATHAN BERESFORD74 STANLEY STREET NEDLANDS WA 6009Born: 19/08/1955 - BRISTOL UNITED KINGDOMAppointment Date: 16/01/2002 Cease Date: 26/11/20040E6862839MICHAEL ALEXANDER GRANT0E6978845S MCCALLUM AVENUE DAGLISH WA 6008 (AR 2001)Born: 26/04/1959 - COOMA NSWAppointment Date: 07/06/2001 Cease Date: 09/09/2002CHRISTOPHER JOHN BOROUGH 0557809254 HOSEASON STREET MAWSON ACT 2607Born: 18/03/1943 - SYDNEY NSWAppointment Date: 26/03/2001 Cease Date: 12/07/2002DIDIER MARCEL MURCIA32 NORTON RIDGE WINTHROP WA 6150Born: 23/11/1962 - ORANGE FRANCEAppointment Date: 26/03/2001 Cease Date: 04/06/20020E5780925Previous SecretaryJOHN HUGH RUTLEDGE 02614425414 NORTECOTE AVENUE BALWYN VIC 3103Born: 09/10/1961 - MELBOURNE VICAppointment Date: 02111/2009 Cease Date: 09/09/2010BETTY WARNER-LEHMAN 02393516258 SOVEREIGN MANORS CRESCENT ROWVILLE VIC 3178Born: 30/04/1968 - LEGNICA POLANDAppointment Date: 20/06/2007 Cease Date: 02/11/2009COLIN SARGEANT 7506941244 HILLSIDE ROAD NEWPORT NSW 2106Born: 26/09/1953 - LONDON UNITED KINGDOMAppointment Date: 12/04/2006 Cease Date: 20/06/2007Printed by Espreon 24/1112010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 3116

ASIC Historical Company Extract ABN: 89096335901SIMON MARK ACKLAI4D 0203730449 ROSBINS PLACE WINTHROP WA 6150Born: 01/03/1957 - PERTH WAAppointment Date: 20/09/2004 Cease Date: 12/04/2006STEPHEN WAYNE RANDELL 019807285219 HENSMAN ROAD SHENTON PARK WA 6008Born: 12/07/1959 - PERTH WAAppointment Date: 29/01/2003 Cease Date: 20/09/2004EMMA JANE ELIZABETH PUGSLEY 01852062165 WOOLWICH STREET WEST LEEDERVILLE WA 6007Born: 20/04/1965 - PERTH WAAppointment Date: 12103/2002 Cease Date: 30/01/2003CLIFFORD ANTHONY PEIFFER33 CARGILL STREET VICTORIA PARK WA 6100Born: 06/06/1962 - DANDENONG VICAppointment Date: 26/03/2001 Cease Date: 12/03/20020E5780925Appointed Auditor127 694 740 ARMSTRONG PARTNERS 023419657SUITE 21 150 ALBERT ROAD SOUTH MELBOURNE VIC 3205 (FR 2007)Appointment Date: 20/08/2007Previous Appointed AuditorSTEPHEN CORNELIUS PARSONS 022969934THE ALLAN HALL PARTNERSHIP P/L LEVEL 3 685 PITTWATER ROAD DEE WHY (FR 2005)NSW 2099Appointment Date: 21/11/2005 Cease Date: 04/05/2007093 460 836 Organisation Name Not Found 017725117267 SAINT GEORGES TERRACE PERTH WA 6000 (FR 2001)Appointment Date: 18/10/2001 Cease Date: 24/10/2005Receiver ManagerBRYAN WEBSTER 026083360KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK FRANCIS XAVIER MENTRA 026083360LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010BRYAN WEBSTER 026083363KORDA MENTEIA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK ANTHONY KORDA 026083363LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Administrator of a Company Under AdministrationCRAIG DAVID CROSBIE 027134971PPB ’PPBI LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010IAN MENZIES CARSON 027134971Printed by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 4/16

ASIC Historical Company Extract ABN: 89096335901PPS ’PPB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010Previous Administrator of a Company Under AdministrationAVITUS THOMAS FERNANDEZ3 CHESTER STREET GLEN WAVERLEY VIC 3150Appointment Date: 06/09/2010 Cease Date: 26/10/20107E3153201Share StructureNote: For each class of shares issued by a proprietary company, ASIC recordsthe details of the top twenty members of the class (based on shareholdings)The details of any other members holding the same number of shares as thetwentieth ranked member will also be recorded by ASIC on the database.Where available, historical records show that a member has ceased to beranked amongst the top twenty members. This may, but does not necessarilymean, that they have ceased to be a member of the company.Class: ORD7E1089397ORDINARYNumber of Shares/Interests Issued : 7609955Total Amount (if any) Paid / Taken to be Paid: 5715716.30Total Amount Due and Payable : 0.00MembersClass : ORDNo. Held: 7609955 024680643Beneficially Held: NO Pd-. : FULLY063 263 650 WILLMOTT FORESTS LIMIT249 PARK STREET SOUTH..NEBPURNE.-VIC 3205AEN (Australian Business Number) 17 063 263 650External Administration and/or Appointment of ControllerForm, Type Date Received Date Processed No. PagesEffective Date524 15/11/2010 15/11/2010 9 26/10/2010 7E3295238524Z PRESENTATION OF ACCOUNTS & STATEMENT PRESENTATION OF FINALACCOUNTS OF ADMINISTRATOR505 27/10/2010 28/10/2010 4 26/10/2010 027134971505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 436B,436C, 436E(4), 449B, 449C(1), 449C(4) OR 449(6)505 27/10/2010 27/10/2010 2 26/10/2010 7E3256425505Y NOTIFICATION OF RESIGNATION OR REMOVAL OF ADMINISTRATOR OFCOMPANY UNDER ADMINISTRATION UNDER S.436E(4), 449B OR 449C5011 09/10/2010 09/10/2010 127 28/09/2010 7E32210755011B COPY OF MINUTES OF MEETING OF MEMBERS, CREDITORS,CONTRIBUTORIES OR COMMITTEE OF INSPECTION UNDER S.436E ORS. 439A507 07/10/2010 19/10/2010 11 06/09/2010 027160955507G REPORT AS TO AFFAIRS FROM MANAGING CONTROLLER WHO IS ALSO ARECEIVER/MANAGER507 05/10/2010 12/10/2010 10 30/09/2010 027134271507F REPORT AS TO AFFAIRS FROM CONTROLLER UNDER S.429(2) (C)529 23/09/2010 23/09/2010 2 28/09/2010 753189915529A NOTICE OF CREDITORS MEETING TO CONSIDER VOLUNTARY WINDINGUP555 17/09/2010 17/09/2010 2 17/09/2010 7E3179599Printed by Espreon 24/11/2010 15:27 PM AEST For LCR Ref B ANDREWS 01 Page 5/16

ASIC Historical Company ExtractABN: 89096335901555 NOTIFICATION OF RECEIVER EXTENDING TIME TO SUBMIT REPORT505 10/09/2010 14/09/2010 4 06/09/2010 027119628505B NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER505 10/09/2010 14/09/2010 6 06/09/2010 027119619505B NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER504 10/09/2010 14/09/2010 6 06/09/2010 026083363504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER504 10/09/2010 14/09/2010 4 06/09/2010 026083360504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER529 08/09/2010 08/09/2010 28 15/09/2010 7E3157498529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP505 06/09/2010 06/09/2010 2 06/09/2010 753153201505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER $.436A, 436B,436C, 436E(4), 4495, 449C(1), 449C(4) OR 449(6)Altered by 027 052 835Charges Registered and Related Documents ReceivedNote: A charge is some form of security given over the property/assets ofthe company. In order to obtain details of the ’amount secured by a charge,’the property charged’, the property released from a charge or the documentsrelating to a satisfaction, assignment or change in details, it is necessaryto obtain a ’CHARGES EXTRACT’.ASIC Charge Number : 1138817 Status : SatisfiedDate and time Registered : 10/03/2005 16:42:00 Fixed/floating : Both Fixed & FloatingDate Created : 06/03/2005Chargee/Trustee : 093 173 749 CVC REEF LIMITEDDocuments ReceivedForm Description Date Proc’d No. Document NoType Lodged Pages309 10/03/2005 YES 43 020943488NOTIFICATION OFDETAILS OF A CHARGEAltered by 020 951 526350 12/04/2005 YES 1 020951526CERTIFICATION OF COMPLIANCE WITH STAN? DUTIES LAW BYPROVISIONAL CHARGEAlters 020 943 488312 27/03/2006 YES 1 016752145NOTIFICATION OFDISCHARGEASIC Charge Number : 1409020 Status : RegisteredDate and time Registered : 24/01/2007 11:52:00 Fixed/floating : Both Fixed & FloatingDate Created : 13/12/2006Chargee/Trustee: 063 263 650 WILLMOTT FORESTS LIMITED309 24/01/2007 YES 18 023501238NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1767713 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NEW) PTY LIMITED309 20/03/2009 YES 38 025476453NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1767726 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 6/16

ASIC Historical Company Extract ABN: 89096335901Date Created : 17/03/2009Chargee/Trustee: 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 35 025476447NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 991350 14/05/2009 YES 3 025577991CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 441ASIC Charge Number : 1767746 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 165 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 34 025476429NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 990350 14/05/2009 YES 3 025577990CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 429ASIC Charge Number : 1767765 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee: 072 765 434 CBA CORPORATE SERVICES (NSW) PT? LIMITED309 20/03/2009 YES 37 025476436NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 989350 14/05/2009 YES 3 025577989CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 436Note: This extract may not contain all charges for corporations registeredprior to 1991 and it may be advisable to also search the State or territotyrecords held by the ASIC.Documents Received (except those listed already under Charges)Form Type Date Received Date Processed No. Pages Effective Date370 13/09/2010 13/09/2010 2 13/09/2010 027098008370 Notification By Officeholder of Resignation or Retirement902 08/09/2010 09/09/2010 2 06/09/2010 027052835902 Supplementary DocumentAlters 753 153 201484 01/12/2009 01/12/2009 3 01/12/2009 0261442544845 Change to Company Details Appointment or Cessation of ACompany Officeholder484 03/09/2009 03/09/2009 2 03/09/2009 7E24091344845 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER350 14/05/2009 15/05/2009 3 14/05/2009 025577989350 CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 436350 14/05/2009 15/05/2009 3 14/05/2009 025577990350 CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 7/16

ASIC Historical Company ExtractABN: 89096335901Alters 025 476 429350 14/05/2009 15/05/2009 3 14/05/2009 025577991350 CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 447484 17/0312009 17/03/2009 2 17/03/2009 7E2068984484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER484 13/05/2008 30/06/2008 5 13/05/2008 024680643484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484N CHANGES TO (MEMBERS) SHARE HOLDINGS206 13/05/2008 13/05/2008 5 13/05/2008 0246806422068 APPLICATION FOR CHANGE OF COMPANY STATUS CONVERSION OFCOMPANY FROM PUBLIC TO PTY205 13/05/2008 26/05/2008 2 29/04/2008 0246806412058 NOTIFICATION OF RESOLUTION CONVERTING TO A PROPRIETARYCOMPANY484 06/05/2008 06/05/2008 2 06/05/2008 7E1597090484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER6021 12/03/2008 17/03/2008 1 12/03/2008 0232167966021 NOTICE OF COMPULSORY ACQUISITION FOLLOWING TAKEOVER BID675 22/02/2008 25/02/2008 5 22/02/2008 023216692675B SUPPLEMENTARY STATEMENT RE TAKEOVER BID - TARGET’SSUPPLEMENTARY STATEMENT672 14/02/2008 18/02/2008 4 14/02/2008 023216654672B NOTICE OF STATUS OF DEFEATING CONDITION DEFEATING CONDITIONNEAR END OF OFFER PERIOD675 11/02/2008 16/02/2008 13 11/02/2008 023216656675A SUPPLEMENTARY STATEMENT RE TAKEOVER BID - BIDDER’SSUPPLEMENTARY STATEMENT6261 11/02/2008 18/02/2008 3 11/02/2008 0232166556261 NOTICE OFFERS FREE OF DEFEATING CONDITION - OFF MARKET BID6321 17/01/2008 21/01/2008 4 17/01/2008 0232164926321B NOTICE OF VARIATION IN TAKEOVER OFFER - OFF MARKET BID6321 20/12/2007 21/12/2007 55 20/12/2007 02321632563218 NOTICE OF VARIATION IN TAKEOVER OFFER - OFF MARKET BID6211 06/12/2007 11/12/2007 2 06/12/2007 0232162376211 TARGET STATEMENT AND REPORTS - OFF MARKET6201 22/1112007 29/11/2007 2 22/11/2007 0232161316201 NOTICE THAT TAKEOVER OFFERS HAVE BEEN SENT - OFF MARKET675 21/11/2007 23/11/2007 2 21/11/2007 023216098675C SUPPLEMENTARY STATEMENT RE TAKEOVER BID - REPLACEMENT BIDDERSTATEMENT675 21/11/2007 23/11/2007 3 21/11/2007 023216099675D SUPPLEMENTARY STATEMENT RE TAKEOVER BID - REPLACEMENT BIDDERSTATEMENT MARKED UP6181 07/11/2007 20/11/2007 0 07/11/2007 0232160226181A BIDDER STATEMENT AND OFFER - OFF MARKET EQUITIES902 26/10/2007 29/10/2007 4 25/10/2007 024084616902 SUPPLEMENTARY DOCUMENTAlters 7E1 334 482388 25/10/2007 29/10/2007 27 30/06/2007 023419657Printed by Espreon 24111/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 8/16

ASIC Historical Company Extract ABN: 8909633590138$ FINANCIAL REPORT (FR 2007)388E COMPANY - APPOINT CHANGE NAME/ADDRESS OF AUDITOR388A FINANCIAL REPORT - PUBLIC COMPANY OR DISCLOSING ENTITY484 25/10/2007 29/10/2007 2 25/10/2007 7E1334482484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDERAltered by 024 084 616484 15/10/2007 15/10/2007 2 15/10/2007 751317594484A2 CHANGE TO COMPANY DETAILS CHANGE MEMBER NAME OR ADDRESS484 07/09/2007 07/09/2007 2 07/09/2007 751270262484 CHANGE TO COMPANY DETAILS4845 APPOINTMENT OR CESSATION OF A COMPANY OFFICEHOLDER484A2 CHANGE MEMBER NAME OR ADDRESS484 17/08/2007 17/08/2007 2 17/08/2007 751242410484 CHANGE TO COMPANY DETAILS484C CHANGE OF PRINCIPAL PLACE OF BUSINESS (ADDRESS)484A2 CHANGE MEMBER NAME OR ADDRESS484 07/08/2007 07/08/2007 2 07/08/2007 7E1228773484A2 CHANGE TO COMPANY DETAILS CHANGE MEMBER NAME OR ADDRESS484 28/06/2007 04/07/2007 11 28/06/2007 023935162484 CHANGE TO COMPANY DETAILS484B CHANGE OF REGISTERED ADDRESS484E APPOINTMENT OR CESSATION OF A COMPANY OFFICEHOLDER315 14/06/2007 22/06/2007 1 04/05/2007 023943047315A NOTICE OF RESIGNATION OR REMOVAL OF AUDITOR RESIGNATION OFAUDITOR484 01/05/2007 01/05/2007 2 01/05/2007 7E1095032484A1 CHANGE TO COMPANY DETAILS CHANGE OFFICEHOLDER NAME ORADDRESS484 25/04/2007 25/04/2007 2 25/04/2007 7E1089408484N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 25/04/2007 25/04/2007 2 25/04/2007 75108939848414 CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 25/04/2007 25/04/2007 2 25/04/2007 751089397484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484 25/04/2007 25/04/2007 4 25/04/2007 7E1089394484N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 25/04/2007 25/04/2007 4 25/04/2007 751089393484N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 25/04/2007 25/04/2007 6 25/04/2007 7E1089389484N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 19/04/2007 19/04/2007 2 19/04/2007 7510826614845 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER370 14/03/2007 16/03/2007 2 14/03/2007 023592586370 NOTIFICATION BY OFFICEHOLDER OF RESIGNATION OR RETIREMENTUpdates 023 592 585484 14/03/2007 16/03/2007 10 16/03/2007 023592585484 CHANGE TO COMPANY DETAILS4845 APPOINTMENT OR CESSATION OF A COMPANY OFFICEHOLDERPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 9/16

ASIC Historical Company Extract ABN: 89096335901484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTUREUpdated by 023 592 586388 09/02/2007 14/02/2007 26 30/06/2006 023565992388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2006)DISCLOSING ENTITY484 25/01/2007 21/03/2007 3 25/01/2007 023539580484 CHANGE TO COMPANY DETAILS4843 NOTIFICATION OF SHARE CANCELLATION - COMPANY BUY-BACK4840 CHANGES TO SHARE STRUCTURE280 21/12/2006 21/12/2006 18 21/12/2006 022628031280 NOTICE OF MEETING AND DOCUMENTS RE BUY-BACK280 15/12/2006 02/01/2007 8 15/12/2006 023489227280 NOTICE OF MEETING AND DOCUMENTS RE BUY-BACK315 27/11/2006 28/11/2006 1 24/10/2005 023546002315A NOTICE OF RESIGNATION OR REMOVAL OF AUDITOR RESIGNATION OFAUDITOR388 27/11/2006 29/11/2006 25 30/06/2005 022969931388 FINANCIAL REPORT (FR 2005)388E COMPANY - APPOINT CHANGE NAME/ADDRESS OF AUDITOR388A FINANCIAL REPORT - PUBLIC COMPANY OR DISCLOSING ENTITY484 22/11/2006 22/11/2006 2 22/11/2006 7E09202154845 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER484 04/08/2006 04/08/2006 2 04/08/2006 750802900484N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 04/08/2006 04/08/2006 2 04/08/2006 7E0802843484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484 08/06/2006 08/06/2006 2 08/06/2006 750734869484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484K NOTIFICATION OF SHARE CANCELLATION - FORFEITED SHARES484 08/06/2006 08/06/2006 2 08/06/2006 750734746484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 08/0612006 08/06/2006 2 08/06/2006 750734691484N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 08/06/2006 08/06/2006 2 08/06/2006 7E0734674484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/0612006 07/06/2006 2 07/06/2006 7E0733522484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 750733451484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGSPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 10/16

ASIC Historical Company Extract ABN: 89096335901484 07/06/2006 07/06/2006 2 07/06/2006 7E0733428484 CHANGE To COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 7E0733401484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 750733385484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 7E0733365484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE4840 NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 750733344484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 7E0733325484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 750733132484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 750733085484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 7E0732842484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 7E0732770484N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 07/06/2006 07/06/2006 2 07/06/2006 750732725484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484 07/06/2006 07/06/2006 2 07/06/2006 7E0732609484N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 06/06/2006 06/06/2006 2 06/06/2006 750731565464N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 06/06/2006 06/06/2006 2 06/06/2006 750731668484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTUREPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 11/16

ASIC Historical Company ExtractABN: 89096335901484GNOTIFICATION OF SHARE ISSUE484 06/06/2006 06/06/2006 2 06/06/2006 7E0731523484N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 02/05/2006 02/05/2006 2 02/05/2006 750694124484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER484 27/01/2006 UNPROCESSED 0 27/01/2006 750589423484N CHANGE TO COMPANY DETAILS CHANGES TO (MEMBERS) SHAREHOLDINGS484 27/01/2006 27/01/2006 2 27/01/2006 7505986974842 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER484 23/01/2006 23/01/2006 2 23/01/2006 7E0593634484A2 CHANGE TO COMPANY DETAILS CHANGE MEMBER NAME OR ADDRESS484 11/10/2005 19/10/2005 2 19/10/2005 1F00347004842 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER484 19/08/2005 26/08/2005 4 26/08/2005 022290276484 CHANGE TO COMPANY DETAILS484E APPOINTMENT OR CESSATION OF A COMPANY OFFICEHOLDER484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484 11/08/2005 11/08/2005 4 11/08/2005 0222383744840 CHANGE TO COMPANY DETAILS CHANGES TO SHARE STRUCTURE484 20/07/2005 20/07/2005 2 20/07/2005 750440129484 CHANGE TO COMPANY DETAILS4846 CHANGE OF REGISTERED ADDRESS484A1 CHANGE OFFICEHOLDER NAME OR ADDRESS484 27/06/2005 28/06/2005 4 28/06/2005 021397940484 CHANGE TO COMPANY DETAILS484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484 11/05/2005 11/05/2005 2 11/05/2005 021384028484C CHANGE TO COMPANY DETAILS CHANGE OF PRINCIPAL PLACE OFBUSINESS (ADDRESS)484 09/05/2005 23/05/2005 13 12/05/2005 021244345484 CHANGE TO COMPANY DETAILS484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 05/0512005 05/05/2005 2 05/05/2005 7E0378259484C CHANGE TO COMPANY DETAILS CHANGE OF PRINCIPAL PLACE OFBUSINESS (ADDRESS)350 12/04/2005 12/04/2005 1 12/04/2005 020951526350 CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 020 943 488388 11/01/2005 12/01/2005 27 30/06/2004 021007489388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2004)DISCLOSING ENTITY484 16/12/2004 21/12/2004 8 21/12/2004 020913213484 CHANGE TO COMPANY DETAILS484A2 CHANGE MEMBER NAME OR ADDRESS4845 APPOINTMENT OR CESSATION OF A COMPANY OFFICEHOLDER484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484N CHANGES TO (MEMBERS) SHARE HOLDINGSPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 12/16

ASIC Historical Company Extract ABN: 89096335901484 23/09/2004 27/09/2004 13 27/09/2004 0203730394840 CHANGE TO COMPANY DETAILS CHANGES TO SHARE STRUCTURE484 23/09/2004 27/09/2004 4 27/09/2004 020373044484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER484 25/08/2004 15/09/2004 7 25/08/2004 020575240484 CHANGE TO COMPANY DETAILS484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484 23/08/2004 23/08/2004 5 23/08/2004 020682096484 CHANGE TO COMPANY DETAILS484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484 04/08/2004 06/08/2004 6 06/08/2004 020536599484 CHANGE TO COMPANY DETAILS484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484 08/07/2004 12/08/2004 18 06/08/2004 020536593484 CHANGE TO COMPANY DETAILS484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484N CHANGES TO (MEMBERS) SHARE HOLDINGS388 16/02/2004 20/02/2004 30 16/02/2004 020051286388C FINANCIAL REPORT FINANCIAL REPORT - SUPPLEMENTARY - COMPANYAlters 019 393 474388 31/10/2003 02/12/2003 30 30/06/2003 019393474388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2003)DISCLOSING ENTITYAltered by 020 051 286484 31/10/2003 02/12/2003 4 04/10/2003 019807285484A CHANGE TO COMPANY DETAILS CHANGE OF OFFICEHOLDER/MEMBER MANEOR ADDRESS484 27/10/2003 30/10/2003 6 22/10/2003 019262446484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUE484N CHANGES TO (MEMBERS) SHARE HOLDINGS484 04/09/2003 12/09/2003 23 04/09/2003 019610565484G CHANGE TO COMPANY DETAILS NOTIFICATION OF SHARE ISSUE207 03/04/2003 03104/2003 1 25/03/2003 0E8734828207 NOTIFICATION OF SHARE ISSUE207 03/04/2003 17/04/2003 13 25/03/2003 019032201207 NOTIFICATION OF SHARE ISSUE207 13/02/2003 27/02/2003 1 31/01/2003 019083426207 NOTIFICATION OF SHARE ISSUE207 13/02/2003 27/02/2003 1 31/01/2003 019083425207 NOTIFICATION OF SHARE ISSUE316 31/01/2003 03/02/2003 6 31/01/2003 0E8545198316 ANNUAL RETURN (AR 2002)316C CHANGE TO OFFICEHOLDERS316G ANNUAL RETURN - UNLISTED PUBLIC COMPANY304 31/01/2003 05/02/2003 1 17/01/2003 0E8544492304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY304 31/01/2003 02/02/2003 1 29/01/2003 0E8544055304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 13/16

ASIC Historical Company ExtractABN: 89096335901COMPANY207 13/12/2002 03/01/2003 1 29/11/2002 018923150207 NOTIFICATION OF SHARE ISSUE388 29/10/2002 07/11/2002 30 30/06/2002 018520622388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2002)DISCLOSING ENTITY304 29/10/2002 07/11/2002 2 04/10/2002 018520621304C NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER304 09/09/2002 16/09/2002 2 09/09/2002 018380018304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY207 28/08/2002 04/09/2002 1 28/08/2002 018311804207 NOTIFICATION OF SHARE ISSUE304 16/07/2002 23/07/2002 4 12/07/2002 018281001304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY207 11/07/2002 23/07/2002 1 11/07/2002 018055712207 NOTIFICATION OF SHARE ISSUE207 01/07/2002 04/07/2002 1 01/07/2002 018223380207 NOTIFICATION OF SHARE ISSUE207 20/06/2002 25/06/2002 1 20/06/2002 018254868207 NOTIFICATION OF SHARE ISSUE207 07/06/2002 20/06/2002 1 05/06/2002 018164208207 NOTIFICATION OF SHARE ISSUE304 06/06/2002 13/06/2002 2 04/06/2002 018252065304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY304 30/05/2002 05/06/2002 2 20/05/2002 018235538304C NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER207 - 30/05/2002 05/06/2002 1 29/05/2002 018235537207 NOTIFICATION OF SHARE ISSUE207 30/04/2002 21/05/2002 1 22/04/2002 017955087207 NOTIFICATION OF SHARE ISSUE207 15/04/2002 26/04/2002 1 08/04/2002 017831412207 NOTIFICATION OF SHARE ISSUE388 20/03/2002 02/04/2002 26 30/06/2001 017725117388 FINANCIAL REPORT (FR 2001)388E COMPANY - APPOINT CHANGE NAME/ADDRESS OF AUDITOR388A FINANCIAL REPORT - PUBLIC COMPANY OR DISCLOSING ENTITY203 15/03/2002 21/03/2002 1 12/03/2002 017658326203A NOTIFICATION OF CHANGE OF ADDRESS304 15/03/2002 21/03/2002 2 12/03/2002 017658325304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY207 15/03/2002 21/03/2002 1 01/03/2002 017658310207 NOTIFICATION OF SHARE ISSUE207 15/03/2002 27/03/2002 1 15/03/2002 017993941207 NOTIFICATION OF SHARE ISSUE207 15/03/2002 27/03/2002 1 01/03/2002 017993942207 NOTIFICATION OF SHARE ISSUE207 15/03/2002 27/03/2002 3 15/03/2002 017993943207 NOTIFICATION OF SHARE ISSUEPrinted by Espreon 2411112010 15:27 PM AEST For LCR Ref: B ANDREWS 01 Page 14/16

ASIC Historical Company Extract ABN: 89096335901205 01/02/2002 01/02/2002 1 01/02/2002 015416660205A NOTIFICATION OF RESOLUTION CHANGING COMPANY MANE316 30/01/2002 26/02/2002 5 22/01/2002 0E6978845316G ANNUAL RETURN - UNLISTED PUBLIC COMPANY (AR 2001)207 22/01/2002 22/01/2002 1 04/01/2002 0E6862838207 NOTIFICATION OF SHARE ISSUE304 22/01/2002 23/01/2002 1 16/01/2002 056862839304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY207 12/12/2001 12/12/2001 1 30/11/2001 056597749207 NOTIFICATION OF SHARE ISSUE207 12/12/2001 12/12/2001 1 30/11/2001 0E6597750207 NOTIFICATION OF SHARE ISSUE207 04/12/2001 04/12/2001 1 28/11/2001 056538527207 NOTIFICATION OF SHARE ISSUE207 29/11/2001 29/11/2001 1 26/11/2001 0E6510414207 NOTIFICATION OF SHARE ISSUE203 23/11/2001 23/11/2001 1 19/11/2001 056477739203G NOTIFICATION OF CHANGE OF ADDRESS - PRINCIPAL PLACE OFBUSINESS304 13/11/2001 14/11/2001 1 07/06/2001 056423582304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY207 09/10/2001 09/10/2001 1 19/09/2001 056269349207 NOTIFICATION OF SHARE ISSUE207 05/09/2001 05/09/2001 1 29/08/2001 0E6145273207 NOTIFICATION OF SHARE ISSUE207 16/08/2001 16/08/2001 1 27/07/2001 0E6074297207 NOTIFICATION OF SHARE ISSUE207 17/07/2001 17/07/2001 1 02/07/2001 055985680207 NOTIFICATION OF SHARE ISSUE207 14/06/2001 14/06/2001 1 08/06/2001 OE5903150207 NOTIFICATION OF SHARE ISSUE207 14/06/2001 14/06/2001 1 08/06/2001 0E5903151207 NOTIFICATION OF SHARE ISSUE207 30/04/2001 30/04/2001 1 05/04/2001 055828882207 NOTIFICATION OF SHARE ISSUE207 18/04/2001 18/04/2001 1 02/04/2001 0E5814069207 NOTIFICATION OF SHARE ISSUE207 18/04/2001 18/04/2001 1 03/04/2001 055814070207 NOTIFICATION OF SHARE ISSUE218 27/03/2001 27/03/2001 19 27/03/2001 017315106218 CONSTITUTION OF COMPANY201 26/03/2001 27/03/2001 3 26/03/2001 055780925201A APPLICATION FOR REGISTRATION AS A PUBLIC COMPANYNote: Where no Date Processed is shown, the document in question has notbeen processed. In these instances care should be taken in usinginformation that may be updated by the document when it is processed. Wherethe Date Processed is shown but there is a zero under No. Pages, the documenthas been processed but a copy is not yet available.Printed by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 15/16

ASIC Historical Company Extract ABN: 89096335901Financial ReportsBalance Report tU4 Extended MMDate Due Date Due Date A(( Due Bald Date 0/Stand30/06/2001 31/10/2001 Unknown Unknown 11/03/2002 2002031130/06/2002 31/10/2002 Unknown Unknown Unknown Unknown30/06/2003 31/10/2003 Unknown Unknown 31/10/2003 2003103130/06/2004 31/10/2004 Unknown Unknown Unknown Unknown30/06/2005 30/11/2005 Unknown Unknown Unknown Unknown30/06/2006 30/11/2006 Unknown Unknown Unknown Unknown30/06/2007 31/10/2007 Unknown Unknown Unknown UnknownNote: Where the expression "Unknown" is shown, the precise datemay be available from records taken over on 1 january 1991 andheld by the ASIC in paper or microfiche.End of ExtractPrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 16/16

ASIC Historical Company Extract ABN: 68096335876ASIC Current and Historical Extract as at Date: 24 Nov 2010 Time: 15:27:15This computer produced extract contains information derived fromthe ASIC database either from documents lodged with the ASICand processed as at the stated date of the extract, or from recordssupplied by previous state and/or territory systems.Please advise the A.S.I.C. promptly of any error or omrnissionwhich you may find, so that we can correct it.The Information Division of the Australian Securities & InvestmentsCommission is certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)Section 1274BThis extract has been prepared by the Australian Securities6 Investments Commission from information it obtained,by using a data processor, from the national database.If you believe that this extract contains any error or omissionplease advise the A.S.I.C. promptly.The Information Division of the Australian Securities & Investments Commissionis certified under the Australian Quality Standard AS 3901(International Standard ISO 9001)096 335 876 BIOFOREST LIMXTED Document NoACN (Australian Company Number): 096 335 876Registered in: Western AustraliaPrevious State Number:Registration Date: 26/03/2001Next Review Date: 26/03/2011Company bound by: ConstitutionAustralian Business Number: 68 096 335 876Current Organisation DetailsName RIOFOREST LIMITED 7E3153208Name Start: 01/02/2002Status : ** Under External Administration And/Or Controller Appointed **Type : AUSTRALIAN PUBLIC COMPANYClass : LIMITED BY SHARESSubclass : UNLISTED PUBLIC COMPANYOrganization Details from 01/02/2002 to 05/09/2010Name : BIOFOREST LIMITED 015416659Name Start: 01/02/2002Status : RegisteredType AUSTRALIAN PUBLIC COMPANYClass : LIMITED BY SHARESSubclass : UNLISTED PUBLIC COMPANYOrganisation Details from 26/03/2001 to 31/01/2002Maine : BIOENERGY AUSTRALIA LIMITED 0E5780912Name Start: 26/03/2001Status : RegisteredType : AUSTRALIAN PUBLIC COMPANYClass : LIMITED BY SHARESSubclass : UNLISTED PUBLIC COMPANYRegistered Office249 PARK STREET SOUTH MELBOURNE VIC 3205 023758249Start Date: 20/07/2007Previous Registered OfficePrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 1/10

ASIC Historical Company Extract ARN: 68096335876SUITE 49 90 MONA VALE ROAD MONA VALE NSW 2103 021588493Start Date: 28/07/2005 Cease Date: 19/07/2007UNIT 32 EXCHANGE PLAZA 2 THE ESPLANADE PERTH WA 6000 018020211Start Date: 09/04/2002 Cease Date: 27/07/2005BUTLER SETTINERI LEVEL 1 ’CONSTRUCTION HOUSE’ 05578091235-37 HAVELOCK STREET WEST PERTH WA 6005Start Date: 26/03/2001 Cease Date: 08/04/2002Principal Place of Business249 PARK STREET SOUTH MELBOURNE VIC 3205 751242395Start Date: 05/07/2007Previous Principal Place of BusinessSUITE 49 90 MONA VALE ROAD MONA VALE NSW 2103 021425716Start Date: 07/06/2005 Cease Date: 04/07/2007LEVEL 32 EXCHANGE PLAZA 2 THE ESPLANADE PERTH WA 6000 056781126Start Date: 08/01/2002 Cease Date: 06/06/200533 CARGILL STREET VICTORIA PARK WA 6100 0E5780912Start Date: 26/03/2001 Cease Date: 07/01/2002DirectorsMARCUS DERHAXI24 SOMERS AVENUE MALVERN VIC 3144Born: 26/01/1963 - MELBOURNE VICAppointment Date: 05/09/20077E1210302JONATHAN DAVID MADGWIC!

ASIC Historical Company Extract ABN: 68096335876DENNIS LESLIE WILKIE11 REGENCY PLACE CARINDALE OLD 4152Born: 26/02/1952 - MILDURA VICAppointment Date: 01/10/2005 Cease Date: 28111/20061F0034699RICHARD JONATHAN BERESFORD74 STANLEY STREET NEDLANDS WA 6009Born: 19/08/1955 - BRISTOL UNITED KINGDOMAppointment Date: 16/01/2002 Cease Date: 31/12/20050E6862837HAROLD THOMAS WEIR 0183145145 GALENA PLACE CARINE WA 6020Born: 30/05/1940 - ASHBURTON NEW ZEALANDAppointment Date: 09/09/2002 Cease Date: 01/08/2005MICHAEL ALEXANDER GRANT 0E6807 6715 MCCALLUM AVENUE DAGLISII WA 6008Born: 26/04/1959 - COOMA NSWAppointment Date: 10/01/2002 Cease Date: 09/09/2002CHRISTOPHER JOHN BOROUGH4 HOSEASON STREET MAWSON ACT 2607Born: 18/03/1943 SYDNEY NSWAppointment Date: 26/03/2001 Cease Date: 21/08/20020E5780912DIDIER MARCEL MURCIA32 NORTON RIDGE WINTHROP WA 6150Born: 23/11/1962 - ORANGE FRANCEAppointment Date: 26/03/2001 Cease Date: 06/06/20020E5780912Previous SecretaryJOHN HUGH RUTLEDGE 02614425314 NORTHCOTE AVENUE BALWYN VIC 3103Born: 09/10/1961 - MELBOURNE VICAppointment Date: 02/11/2009 Cease Date: 09/09/2010BETTY WARNER-LEHMAN 02375824958 SOVEREIGN MANORS CRESCENT ROWVILLE VIC 3178Born: 30/04/1968 - LEGNICA POLANDAppointment Date: 29/06/2007 Cease Date: 02/11/2009COLIN SARGF.AIIT4 HILLSIDE ROAD NEWPORT NSW 2106Born: 26/09/1953 - LONDON UNITED KINGDOMAppointment Date: 12/04/2006 Cease Date: 20/06/20077E0694141SIMON MARK ACKLAND 0203730339 ROBBINS PLACE WINTHROP WA 6150Born: 01/03/1957 - PERTH WAAppointment Date: 20/09/2004 Cease Date: 12/04/2006STEPHEN WAYNE RANDELL 019761147219 HENSMAM ROAD SHENTON PARK WA 6008Born: 12/07/1959 - PERTH WAAppointment Date: 29/01/2003 Cease Date: 20/09/2004EMMA JANE ELIZABETH PUGSLEY 01852062365 WOOLWICH STREET WEST LEEDERVILLE WA 6007Born: 20/04/1965 - PERTH WAAppointment Date: 28/03/2002 Cease Date: 30/01/2003Printed by Espreon 24/11/2010 15:27 PM AEST For LCR Ref. B ANDREWS 01 Page 3/10

ASIC Historical Company Extract ABN: 68096335876CLIFFORD ANTHONY PEIFFER33 CARGILL STREET VICTORIA PARK WA 6100Born: 06/06/1962 - DANDENONG VICAppointment Date: 26/03/2001 Cease Date: 28/03/20020E5780912Appointed Auditor127 694 740 ARMSTRONG PARTNERS 024113725SUITE 21 LEVEL 5 150 ALBERT ROAD SOUTH MELBOURNE VIC 3205 (FR 2007)Appointment Date: 20/08/2007Previous Appointed Auditor003 211 907 ALLAN HALL BUSINESS ADVISORS PT? LTD 023484568ALLAN HALL & PARTNERS LEVEL 3 685 PITTWATER ROAD DEE WHY NSW 2099 (FR 2005)Appointment Date: 21/11/2005 Cease Date: 04/05/2007ABN (Australian Business Number) 35 003 211 907GEOFFREY FRANK BRAYSHAW 018080423BDO INTERNATIONAL LEVEL 2 267 ST GEORGES TERRACE PERTH WA 6000 (FR 2001)Appointment Date: 18/10/2001 Cease Date: 24/10/2005Ultimate Holding Company096 335 901 BIOENERGY AUSTRALIA PT? LTD 0E8545265ANN (Australian Business Number) 89 096 335 901Receiver ManagerBRYAN WEBSTER 026083358KORDA MENT13A LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK FRANCIS XAVIER MENTHA 026083358LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010BRYAN WEBSTER 026083359KORDA MENTHA LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010MARK ANTHONY KORDA 026083359LEVEL 24 333 COLLINS STREET MELBOURNE VIC 3000Appointment Date: 06/09/2010Administrator of a Company Under AdministrationCRAIG DAVID CROSBIE 027134970PPB ’PPB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010IAN HENZIES CARSON 027134970PPB PPB’ LEVEL 21 181 WILLIAM STREET MELBOURNE VIC 3000Appointment Date: 26/10/2010Previous Administrator of a Company Under AdministrationAVITUS THOMAS FERNANDEZ3 CHESTER STREET GLEN WAVERLEY VIC 3150Appointment Date: 06/09/2010 Cease Date: 26/10/20107E3153208Printed by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 4/10

ASIC Historical Company Extract ABN: 66096335876Share StructureNote: For each class of shares issued by a proprietary company, ASIC recordsthe details of the top twenty members of the class (based on shareholdings).The details of any other members holding the same number of shares as thetwentieth ranked member will also be recorded by ASIC on the database.Where available, historical records show that a member has ceased to beranked amongst the top twenty members. This may, but does not necessarilymean, that they have ceased to be a member of the company.Class: ORD7E1638814ORDINARYNumber of Shares/Interests Issued : 3505001Total Amount (if any) Paid / Taken to be Paid: 5230950.00Total Amount Due and Payable 0.00External Administration and/or Appointment of ControllerForm Type Date Received Date Processed No. Pages Effective Date524 15/11/2010 15/11/2010 9 26/10/2010 7532952555242 PRESENTATION OF ACCOUNTS & STATEMENT PRESENTATION OF FINALACCOUNTS OF ADMINISTRATOR505 27/10/2010 28/10/2010 4 26/10/2010 027134970505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 4368,436C, 4365(4), 4499, 449C(1), 449C(4) OR 449(6)505 27/10/2010 27/10/2010 2 26/10/2010 753256442505Y NOTIFICATION OF RESIGNATION OR REMOVAL OF ADMINISTRATOR OFCOMPANY UNDER ADMINISTRATION UNDER S.436E(4), 4498 OR 449C5011 09/10/2010 09/10/2010 127 28/09/2010 7E32210705011B COPY OF MINUTES OF MEETING OF MEMBERS, CREDITORS,CONTRIBUTORIES OR COMMITTEE OF INSPECTION UNDER S.436E ORS. 439A507 07/10/2010 19/10/2010 11 06/09/2010 027160956507G REPORT AS TO AFFAIRS FROM MANAGING CONTROLLER WHO IS ALSO ARECEIVER/MANAGER507 05/10/2010 12/10/2010 10 30/09/2010 027134272507F REPORT AS TO AFFAIRS FROM CONTROLLER UNDER S.429(2) (C)529 23/09/2010 23/09/2010 2 28/09/2010 7E3189954529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP555 17/09/2010 17/09/2010 2 17/09/2010 753179600555 NOTIFICATION OF RECEIVER EXTENDING TIME TO SUBMIT REPORT505 10/09/2010 14/09/2010 4 06/09/2010 0271196295059 NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER505 10/09/2010 14/09/2010 6 06/09/2010 027119620505B NOTIFICATION OF APPOINTMENT OF RECEIVER AND MANAGER504 10/09/2010 14/09/2010 6 06/09/2010 0260833595048 NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER504 10/09/2010 14/09/2010 4 06/09/2010 026083358504B NOTIFICATION OF APPOINTMENT OF A RECEIVER AND MANAGER529 08/09/2010 08/09/2010 28 15/09/2010 7E3157581529A NOTICE OF CREDITORS’ MEETING TO CONSIDER VOLUNTARY WINDINGUP505 06/09/2010 06/09/2010 2 06/09/2010 753153208505U NOTIFICATION OF APPT OF ADMINISTRATOR UNDER S.436A, 4369,Printed by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 5/10

ASIC Historical Company Extract ABN: 68096335876436C, 4365(4), 449B, 449C(1), 449C(4) OR 449(6)Altered by 027 052 832Charges Registered and Related Documents ReceivedNote: A charge is some form of security given over the property/assets ofthe company. In order to obtain details of the ’amount secured by a charge’,’the property charged’, the property released from a charge or the documentsrelating to a satisfaction, assignment or change in details, it is necessaryto obtain a ’CHARGES EXTRACT’.ASIC Charge Number : 1767716 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITEDDocuments ReceivedForm Description Date Proc’d No. Document NoType Lodged Pages309 20/03/2009 YES 38 025476454NOTIFICATION OFDETAILS OF A CHARGEASIC Charge Number : 1767735 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 35 025476443NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 988350 14/05/2009 YES 3 025577988CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 443ASIC Charge Number : 1767751 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee : 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 34 025476433NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 987350 14/05/2009 YES 3 025577987CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 433ASIC Charge Number : 1767781 Status : RegisteredDate and time Registered : 20/03/2009 11:06:00 Fixed/floating : Both Fixed & FloatingDate Created : 17/03/2009Chargee/Trustee: 072 765 434 CBA CORPORATE SERVICES (NSW) PTY LIMITED309 20/03/2009 YES 37 025476442NOTIFICATION OFDETAILS OF A CHARGEAltered by 025 577 986350 14/05/2009 YES 3 025577986CERTIFICATION OF COMPLIANCE WITH STAMP DUTIES LAW BYPROVISIONAL CHARGEAlters 025 476 442Note: This extract may not contain all charges for corporations registeredprior to 1991 and it may be advisable to also search the State or territotyrecords held by the ASIC.Printed by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref B ANDREWS 01 Page 6/10

ASIC Historical Company Extract ABN: 68096335876Documents Received (except those listed already under Charges)Form Type Date Received Date Processed No. Pages Effective Date370 13/09/2010 13/09/2010 2 13/09/2010 027098005370 Notification By Officeholder of Resignation or Retirement902 08/09/2010 09/09/2010 2 06/09/2010 027052832902 Supplementary DocumentAlters 7E3 153 208484 01/12/2009 01/12/2009 3 01/12/2009 026144253484E Change to Company Details Appointment or Cessation of ACompany Officeholder388 21/09/2009 21/09/2009 21 30/06/2009 7E2442580388A Financial Report Financial Report - Public Company Or (FR 2009)Disclosing Entity484 04/09/2009 04/09/2009 2 04/09/2009 7E2410173484E Change to Company Details Appointment or Cessation of ACompany Officeholder350 14/05/2009 15/05/2009 3 14/05/2009 025577986350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 442350 14/05/2009 15/05/2009 3 14/05/2009 025577987350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 433350 14/05/2009 15/05/2009 3 14/05/2009 025577988350 Certification of Compliance With Stamp Duties Law ByProvisional ChargeAlters 025 476 443FS66 02/04/2009 02/04/2009 1 02/04/2009 023202176FS66 Order Revoking Afs Licence5122 16/10/2008 UNPROCESSED 0 16/10/2008 0963358765122 Notice of Declaration Re Managed Investment Scheme388 19/09/2008 29/09/2008 23 30/06/2008 025039529388A Financial Report Financial Report - Public Company Or (FR 2008)388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY ORDISCLOSING ENTITYFS90 05/08/2008 12/09/2008 5 01/07/2008 024651443FS90B NOTICE THAT A PRODUCT IN A PDS HAS CEASED TO BE AVAILABLE -BY BODY CORPORATE484 03/06/2008 03/06/2008 2 03/06/2008 7E1638814484 CHANGE TO COMPANY DETAILS4840 CHANGES TO SHARE STRUCTURE484G NOTIFICATION OF SHARE ISSUEFS02 20/05/2008 20/05/2008 26 20/05/2008 0L0305641FS02 COPY OF AFS LICENCE484 06/05/2008 06/05/2008 2 06/05/2008 751597675484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDERFS02 21/04/2008 21/04/2008 26 21/04/2008 0L0501725FS02 COPY OF AFS LICENCE484 17/03/2008 17/03/2008 2 17/03/2008 7515266324845 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER484 04/03/2008 04/03/2008 2 04/03/2008 751507994Printed by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 7/10

ASIC Historical Company ExtractABN: 68096335876484ECHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER484 22/02/2008 22/02/2008 2 22/02/2008 751491323484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDERFS02 04/02/2008 04/02/2008 26 04/02/2008 0L0305291FS02 COPY OF AFS LICENCE388 28/09/2007 18/10/2007 23 30/06/2007 024113725388 FINANCIAL REPORT (FR 2007)388E COMPANY - APPOINT CHANGE NAME/ADDRESS OF AUDITOR388A FINANCIAL REPORT - PUBLIC COMPANY OR DISCLOSING ENTITYFS53 27/09/2007 05/11/2007 11 26/09/2007 024084312FS53A NOTIFICATION OF USE OF PDS - BY AES LICENSEE484 07/09/2007 07/09/2007 2 07/09/2007 7E12703024845 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER315 20/08/2007 22/08/2007 1 04/05/2007 024011172315A NOTICE OF RESIGNATION OR REMOVAL OF AUDITOR RESIGNATION OFAUDITOR484 17/08/2007 17/08/2007 2 17/08/2007 7E1242395481C CHANGE TO COMPANY DETAILS CHANGE OF PRINCIPAL PLACE OFBUSINESS (ADDRESS)484 13/07/2007 13/07/2007 11 13/07/2007 023758249484 CHANGE TO COMPANY DETAILS484B CHANGE OF REGISTERED ADDRESS484E APPOINTMENT OR CESSATION OF A COMPANY OFFICEHOLDERFS53 21/05/2007 07/06/2007 12 16/05/2007 023774471FS53A NOTIFICATION OF USE OF PDS - BY AFS LICENSEEFS53 16/04/2007 18/05/2007 11 10/04/2007 023647735FS53A NOTIFICATION OF USE OF PDS - BY AFS LICENSEEF802 09/03/2007 09/03/2007 25 09/03/2007 0L0501498FS02 COPY OF AFS LICENCE484 06/03/2007 06/03/2007 2 06/03/2007 7510301264845 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER388 09/02/2007 14/02/2007 21 30/06/2006 023565993388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2006)DISCLOSING ENTITY388 14/12/2006 19/12/2006 18 30/06/2005 023484568388 FINANCIAL REPORT (FR 2005)388E COMPANY - APPOINT CHANGE NAME/ADDRESS OF AUDITOR388A FINANCIAL REPORT - PUBLIC COMPANY OR DISCLOSING ENTITY484 02/12/2006 02/12/2006 2 02/12/2006 7E0931930484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER315 27/11/2006 28/11/2006 1 24/10/2005 023546003315A NOTICE OF RESIGNATION OR REMOVAL OF AUDITOR RESIGNATION OFAUDITOR484 02/05/2006 02/05/2006 2 02/0512006 7E06941414845 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDERFS02 19/04/2006 19/04/2006 25 19/04/2006 0L0501281FS02 COPY OF AFS LICENCE484 17/10/2005 19/10/2005 2 19/10/2005 1F00346994845 CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF APrinted by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 8/10

ASIC Historical Company Extract ABN: 68096335876COMPANY OFFICEHOLDER484 19/08/2005 19/08/2005 2 19/08/2005 022290003484 CHANGE TO COMPANY DETAILS484E APPOINTMENT OR CESSATION OF A COMPANY OFFICEHOLDER484G NOTIFICATION OF SHARE ISSUE4840 CHANGES TO SHARE STRUCTURE484 21/07/2005 21/07/2005 2 21/07/2005 0215884934848 CHANGE TO COMPANY DETAILS CHANGE OF REGISTERED ADDRESS484 01/07/2005 04/07/2005 2 04/07/2005 021425716484C CHANGE TO COMPANY DETAILS CHANGE OF PRINCIPAL PLACE OFBUSINESS (ADDRESS)388 11/01/2005 12/01/2005 17 30/06/2004 021007490388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2004)DISCLOSING ENTITY484 23/09/2004 27/09/2004 4 27/09/2004 020373033484E CHANGE TO COMPANY DETAILS APPOINTMENT OR CESSATION OF ACOMPANY OFFICEHOLDER484 04/11/2003 07/11/2003 4 04/11/2003 019761147484A CHANGE TO COMPANY DETAILS CHANGE OF OFFICEHOLDER /MEMBER NAMEOR ADDRESS304 31/01/2003 02/02/2003 1 17/01/2003 0E8544630304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY316 31/01/2003 06/02/2003 3 31/01/2003 OE8545265316G ANNUAL RETURN - UNLISTED PUBLIC COMPANY (AR 2002)388 29/10/2002 07/11/2002 17 30/06/2002 018520624388A FINANCIAL REPORT FINANCIAL REPORT - PUBLIC COMPANY OR (FR 2002)DISCLOSING ENTITY304 29/10/2002 07/11/2002 2 04/10/2002 018520623304C NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER304 10/09/2002 20/09/2002 2 09/09/2002 018314514304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY304 23/08/2002 02/09/2002 2 21/08/2002 018296276304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY304 23/08/2002 02/09/2002 2 06/06/2002 018296171304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY304 30/05/2002 06/06/2002 2 20/05/2002 018235620304C NOTIFICATION OF CHANGE OF NAME OR ADDRESS OF OFFICEHOLDER304 02/04/2002 15/04/2002 2 28/03/2002 018020212304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY203 02/04/2002 15/04/2002 1 28/03/2002 018020211203A NOTIFICATION OF CHANGE OF ADDRESS388 02/04/2002 16/04/2002 17 30/06/2001 018080423388 FINANCIAL REPORT (FR 2001)388E COMPANY - APPOINT CHANGE NAME/ADDRESS OF AUDITOR388A FINANCIAL REPORT - PUBLIC COMPANY OR DISCLOSING ENTITY205 01/02/2002 01/02/2002 1 01/02/2002 015416659205A NOTIFICATION OF RESOLUTION CHANGING COMPANY NAME304 22/01/2002 11/03/2002 1 16/01/2002 0E6862837304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANYPrinted by Espreon 2411112010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 9/10

ASIC Historical Company Extract ABN: 68096335876316 21/01/2002 11/03/2002 3 08/01/2002 0E6853756316 ANNUAL RETURN (AR 2001)316T CHANGE TO PRINCIPAL PLACE OF BUSINESS3160 ANNUAL RETURN - UNLISTED PUBLIC COMPANY304 16/01/2002 11/03/2002 1 10/01/2002 0E6807671304A NOTIFICATION OF CHANGE TO OFFICEHOLDERS OF AUSTRALIANCOMPANY203 14/01/2002 14/01/2002 1 08/01/2002 OE67811262030 NOTIFICATION OF CHANGE OF ADDRESS - PRINCIPAL PLACE OFBUSINESS218 26/03/2001 27/03/2001 28 26/03/2001 012077940218 CONSTITUTION OF COMPANY201 26/03/2001 26/03/2001 3 26/03/2001 055780912201A APPLICATION FOR REGISTRATION AS A PUBLIC COMPANYNote: Where no Date Processed is shown, the document in question has notbeen processed. In these instances care should be taken in usinginformation that may be updated by the document when it is processed. Wherethe Date Processed is shown but there is a zero under No. Pages, the documenthas been processed but a copy is not yet available.Financial ReportsBalance Report ACM Extended ACMDate Due Date Due Date ACM Due Held Date 0/Stand30/06/2001 31/10/2001 Unknown Unknown 02/04/2002 2002040230/06/2002 31/10/2002 Unknown Unknown Unknown Unknown30/06/2004 31/10/2004 Unknown Unknown Unknown Unknown30/06/2005 30/11/2005 Unknown Unknown Unknown Unknown30/06/2006 30/11/2006 Unknown Unknown Unknown Unknown30/06/2007 31/10/2007 Unknown Unknown Unknown Unknown30/06/2008 31/10/2008 Unknown Unknown Unknown Unknown30/06/2009 31/10/2009 Unknown Unknown Unknown UnknownNote: Where the expression "Unknown" is shown, the precise datemay be available from records taken over on 1 january 1991 andheld by the ASIC in paper or microfiche.*** End of Extract **Printed by Espreon 24/11/2010 15:27 PM AEST For: LCR Ref: B ANDREWS 01 Page 10/10

14cp:IN THE FEDERAL COURT OF AUSTRALIAVICTORIAN DISTRICT REGISTRYNo.ofIN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERS APPOINTED)(ADMINISTRATORS APPOINTED)ACN 063 263 650IN ITS PERSONAL CAPACITY AND IN ITS CAPACITY AS RESPONSIBLE ENTITY OFEACH OF THE MANAGED INVESTMENTS SCHEMES LISTED IN SCHEDULE I AND INITS CAPACITY AS MANAGER OF THE UNREGISTERED MANAGED INVESTMENTSCHEMES LISTED IN SCHEDULE 2First PlaintiffCERTIFICATE IDENTIFYING EXHIBITCRAIG DAVID CROSBIESecond PlaintiffIAN MENZIES CARSONThird PlaintiffThis is the exhibit marked "CDC-2" now produced and shown totime of swearing his affidavit on 25 November 2010.Craig David Crosbie at theBefore me:DANIEL JOSEPH BRIGGSArnold Bloch LeiblerLevel 21,333 Collins StreetMelbourne 3000An Australian Legal Practitioner within themeaning of the Legal Profession Act 2004Filed on behalf of the PlaintiffsARNOLD BLOCH LEIBLERDX 38455 MelbourneLawyers and Advisers Tel: 9229 9999Level 21 Fax: 9229 9900333 Collins Street Ref: 01-1565015Melbourne 3000(Leon Zwier)

Australia Securities &Investments CommissionReport as to affairsRelated fomwr507A Statement veryurg report under 8475(1)811 VerIfication or certification of a documentIt there Is Insufficient space In any section of the form, youmay photocopy the relevant page(s) and submit as part of this lodgementForm 507Corporations Act 2001421A(1) & (2),429(2)(b) & (c), 475(1) &(7), 497(5)Company detailsCompany nameI Wllknott Forests LtdACN/ABNL ACN 063 263 650I7.Lodgement details Who should ASIC contact If there is aqi ery about this form? .ASiC Registered agent number (If aprcabIe) . . ..An Image of this form will be available aspart of the public registerFirm /omanisaflonMltmoU Forests LtdContact name Ipositlon description. Teleprione number (during iYjslrles$ flours)Mr Marcus Derham I I 039696 1365 . IEmail address (optional)Postal Address: . . . . . . . .. ... . . . . .. . .. . .. . 1Locked Sag 4oll . . I..Suburb/City .. . ... . . Statatrerritory . PostcodeSouth Melbourne J Victoria 3205DirectionsThis report Is to be made as at the following dates: . . . ..:.(a) where prepared by the managing controller under subsection 421A(1) - a day not later than 30 daysbefore the daywhen it Is prepared(b) where submitted to p controller under s429(2) the control day or(c) where submitted to a liquidator orto a provisional liquidator under section 475(1) - the date of the winding uporder or, lithe liquidator specifies an easter date, that date.This report Is to be submitted by, and verified by a statement in wilting rnÆdeby, the following person, in accordancewith form 50Th-where the statement is made out for the purposes of subsectlan 475(1) - a person referred to in thatsubsection.Regulation 5201 requires the copy of this report that Is lodged with the Australian Securities and JnvestrnefllsCommission to be certified In writing as a true copy of the original report(a)for copy lodged forte purposes of paragraph 429(2)(c) - by the coitiroHer of property 01 the corporation; or .(b) bra copy lodged for the purposes of s475(7)by the qu qrrovlslonatfiquidatorofthecompany.:NOTE Form 911 is prescribed for this purpose. --ASIC Form 5O7l July 2O1OPage lof42

I Reason for reportTo be compieled by the external administratoror person who must lodge this tom with ASIC[]managing controller of property s421A(1)If a receiver and managerDate of appointmentti’DELJ(0 OhM MI [YIf a person who Is in possession, or has control of the property for the purpose of enforcing achargeDate when person took controlDELE’ElJID OHM M][Y YJAppointment of controfler s429(2)(b)LJnders429(2Xc)(i) a notice setting out any comments relating to the report, or statement thatno comment Is made, should accompany the report. A Form 911 VerIfication or certification ofa document should also be lodged.Dated receipt of report]E:1:P DJ [M M][r’ Y]’ 1Appointnient of liquidator/provisional liquidator by the Court 8475(1)A Form 911 VerificatIon or certification of a document should also be lodged.Date of receipt of reporto MCI 1rn(0 D] LM M) [Y ’1]E]Appolntnient of liquidator creditors’ voluntary winding up - s497(5)Date of receipt of reportEl EI’EE’E(0 D) IM M]V Y)ASIC Internalform code507G507H507F507C507DASIC Form 507 1 July 2010Page 2 of 42

2 Assets and liabilitiesDate specified under the relevant section as the date of report (see Directions on page 1)I1L1[D DIEM MJ[Y VI2.1 Assets not specifically charged Valuation Estimated(r each silky show whether cost or not book Realisable Valuesallount) $$(a)Interest in land as detailed In schedule A51,724,000 (net book)(b)sundry debtors as detailed in schedule B64,119,604.82 (net book)(c)cash on hand -(d)cash at bank7,267,669.82 (net book)(e)stock as detailed in annexed Inventory1,581,392.07 (net book)(f)work In progress as detailed in annexed inventory -(g)plant and equipment as detailed in inventory2,495,007.11 (net book)(h)other assets as detailed in schedule C95,156,912.08 (net book)Sub Total 222,344588.00ASIC Form 5O71JuIy2010Page 3042

2 Continued... Assets and liabilities2.2 Assets subject to specific charges, as specified In schedule 86,614,000.00 (net book)Less amounts owing as detailed in schedule 86,614,000.00Total Assets 308,958,586.00Total Estimated Realisable ValuesValuationEstimated(for each achy show whether cost orRealisable Valuesnet book amount)$ $2.3 Less payable In advance of secured creditor(s)Amounts owing for employee entitlements as detailedin schedule E 1,215,2852.4 Less amounts owing and secured by debenture orfloating charge over assets2.5 Loss preferential claims ranking behind secured creditorsas detailed in schedule F2.6 Balances owing to partly secured creditors as detailedin schedule 0Total Claims (SSecurity Held2.7 Creditors (unsecured)as detailed in schedule H145,945,500.94Amount claimed (S2.8 Contingent assets,Estimated to produceas detailed in schedule t (5 )2.9 Contingent liabilitiesEstimated to rank asdetailed in schedule .1 (5ElEstImated deficiency or0 Estimated surplusUsubject to costs of administration orU Subject to costs of liquidationShare capital $ 95,279,933Issued $ 95,279,933Paid Up $ 95,279.933ASlC Form 5Oll July 2OlOPage 4of42

2 Continued. Assets and liabilitiesSCHEDULESIf this report Is made for the purposes of subsection 497(5), Schedules A, B, Care to show the method and manner of arriving at the valuation of the assets.SCHEDULE AINTERESTS IN LANDAddress andI(1) ValuationIEstimated Valuation for rating Particulars of Where possession Short particularsdescription of realisable value purposes tenancy of deeds may be of titlentflflpttv obtainedSee Annecure ISCHEDULESSUNDRY DEBTORS (INCLUDING LOAN DEEName and address of Amount owing Amount realisable DeficiencydebtorParticulars of security(II any) heldExplanation ofdeficiencySee Annewre 2Description of deposit or investmentSCHEDULE COTHER ASSETSAmountCostReafisabie$ $See Annexure 3ASIC Form 507 1 July 2010Page 501 42

2 Continued... Assets and liabilitiesSCHEDULESIf this report is made for the purposes of subsection 497(5), Schedule D is to showthe method and manner of arriving at the valuation of the assets.SCHEDULEDASSETS SUBJECT TO SPECIFIC CHARGESIDescriplion of Dale charge Description of Holder of charge Terms of (1) Valuation Estimated Amount owingasset given charge repayment I reafisable value undercharge$ 1 $ $SeeAnnexure4SCHEDULE ECLAIMS BY EMPLOYEES$ $ I $ I $See Annexuro 5SCHEDULE FPREFERENTIAL CREDITORS (OTHER THAN THOSE DETAILED IN SCHEDULE E)Name and address of oreferential creditor I Description of amount owin Amount owing$ASIC Form 507 1 July 2010Page of 42

2 Continued... Assets and liabilitiesSCHEDULEPARTLY SECURED CREDITORSName and address of creditor Particulars of security held J Name of security Umated value Amount owing toof security creditor$ $Amountesberated to rankas unsecured$Name and address of creditorSCHEDULE HCURED CREDITORSAmount claimed by Amount admitted ascreditorowimi$ I $Reasons for difference betweenSee Annexure6Descripiton of assetSCHEDULE[CONTINGENT ASIGross asset$Estimated toproduce$SCHEDULEJCONTINGENT LIABILITIES$ I $ASIC Form 5O7 1 M201 Pap 7of42

3 AnnexureFor the purposes of the statement in Form 507A only.*Strike out whichever Is Inapplicable This Is the anneirure of [Il’ages marked W referred to In the Statement verifying report signed by cne!Ius*anddated as follows.Date of the Statement vedrewdELE1E M R(0 01 IM MJEach signatory must complete and sign a copy of NameForm 507A Statement verifying report unders475(1)tobelodgedaith Fans 507Mr James HigginsCertificationI certify that the particulars contained In the above report as to affairs are true to the best of my knowledge andbelief.NameE Mr Marcus DerhamUd1I ueuDE1flEHThIJ[D 01 [M MI [Y YJLodgement Send completed and signed forms to; For help or more informationAustralian Securities and Investment Commission, Telephone 1300 300 630P0 Box 4000, Glppsland Mail Centre VIC 3841 EmaIl Info.enouIrIes).asic.00v.auOr lodge the form electronically by visiting the ASIC websitewww.aslc.crov.auWebwww.aslc.com.auASIC Form 5OYl July 2O1OPage 8of42

Australia Securities &Investments CommissionStatement verifying report under s475(1)Related foms:507 Repoitasto affabs911 Verilisatlon orcerbficatlon of a documentForm 507ACorporations Act 2001475(1)If there Is insufficient space in any section of the form, you may photocopy the relevant page(s) and submit as part of this lodgementCompany detailsCompany nameLwiumott Forests LtdACN/ABNACN 063263650I StatementWhere the Statement Is made out for the purposes of subsection 475(1) the report In Form 507 Is to be submitted and verified by the following Statement made by aperson referred to In that subsection.The particulars contained In the report under s475(1) dated as follows In the annexure marked ’A and signed by me aretrue to the best of my knowledge and belief.Date of report unders4 1)LEJLI i(D D) [M Ml [Y Y)NameMr Hugh Davies_atc UI CI IIOU[D DI IM M[’’ viLodgementSend complete and signed forms to: -For help or more informationAustralian Securities and Investments Commission, Telephone 1300300630P0 Box 4000, Glppsland Mail Centre VIC 3641. Email lnfo.anauiriestaslcoov.auWeb www.asic.gov.auOr lodge the form electronically by visiting the ASIC websitewww.asic.nov.auASICFonn5O7Al July 2OlOPage 90f42

Australia Securities &Investments CommissionStatement verifying report under s475(1)Related fomis:507 Report as toalfafrs911 Vezl5refton or certificatIon of documentForm 507ACopomtlons Act 2001415(1)It there Is Insufficient space In any section of the form, you may photocopy the relevant page(s) and submit as part of this lodgementCompany detailsCompany nameWilimolt Forests LtdACN/ABNI ACN 063263650 II StatementWhere the Statement is made out for the purposes of subsection 475(1) the report In Form 507 is to be submitted and verified by the following Statement made by aperson referred to in that subsection.The particulars contained In the report under s475(l) dated as follows in the annexure marked A and signed by me aretrue to the best of my knowledge and belief.Date of re ort under s4l I[0 DI [M M] [Y Y]NameMr Raymond SmithDateofsl edj10 EaID DIEM Tj ly viLodgementSend complete and signed forms to:For help or more InformationAustralian Securities and investments Commission, Telephone 1300 300 630P0 Box 4000, Gippsland Mail Centre VIC 3841. Email lnfo.enauiriesasic.nov.auWeb wNw.asicqoy.auOr lodge the form electronically by visiting the ASIC websitewww.eslc.pov.auASIC Form 507A 1 July 2010 Page 10 of 42

Annexure 1 Wilimott Forests Umited ACN 063 263 6502.1 Assets not specifically chargedmt Ia r R - IPJTQCTC IM I APJflAddress and description of property(1) ValuationEstimated Valuation forrealisable value rating purposesParticulars oftenancyWherepossession ofdeeds may beobtainedShort particulars of title$ $ $Plantation Land: Airlie Park & Iona 2,580,000 Auto Consol 4412/199Auto Consol 4877/213Auto Consol 4496/234Plantation land: Ando 1,2,3 & 4 2,802,000 Auto Consol 10310/2Auto Consol 6547/243Auto Consol 5243/167Folio Identifier 101/1012223Folio Identifier 101/1012223Folio Identifier 225/821790Auto Consol 7572/15Folio Identifier 96/256829Plantation Land: Avonleigh & Cabanandra 1,914,000 Volume 11148 Folio 976Volume 11148 Folio 973Volume 11148 Folio 979Volume 11148 Folio 972Volume 11148 Folio 967Volume 11148 Folio 969Volume 11148 Folio 968Volume 11148 Folio 966Volume 11148 folio 971Volume 11148 Folio 979Plantation land: Bendoc 1 & Bendoc 4(B) 445,000 Volume 9592 Folio 397Volume 9592 FolIo 397Plantation Land: Bendoc 2 744,000 Volume 7469 Folio 097Volume 6530 Folio 952Volume 6483 Folio 533Volume 8217 Folio 343Vol-4559 Fol:524Plantation Land: Bendoc 3 & Sendoc 4(A) 516,000 VoI:10101 Fol:784Vol:10101 Fol:784Plantation Land: Bendoc 5, 5(A), 5(8), 5 South & 7 S59,000 VoI:4581 Fol.-127V6I:4367 Fol:324Vol: 4367 Fol: 324Vol: 4367 Fol: 324Vol:4367 Fol: 324Page 11 of 42

Annexure 1Wlllniott Forests Limited ACN 063 263 650Address and description of property(1) ValuationEstimated Valuation forrealisable value rating purposes$ $ $Plantation Land: Bendoc 6 520,000Particulars oftenancyWherepossession ofdeeds may beobtainedShort particulars of titleVol:10039 Fol:407Volume 8026 Folio 140Plantation Land: Bendoc 8 & 9 992,000 Volume 11148 Folio 975Volume 11148 Folio 970Volume 11148 Folio 978Volume 11148 Folio 977Volume 11148 Folio 974Plantation Land: Bombala 1, 2,2(B), 3 2,052,000 Folio Identifier 1/254504Folio Identifier 11186835Folio Identifier 81/756842Auto Consol 8444181Auto Consoi 8444/81Auto Consol 8395/16Plantation Land: Bombala 4 427,000 Auto Consol 9735/219Folio Identifier 141/756832Plantation land: Bombala S & 6 2,443,000 Folio Identifier 2/1079225Folio Identifier 3/236480Folio Identifier 7/236480Folio Identifier 8/236480Folio Identifier 9/236480Folio identifier 10/236480Folio Identifier 11/236480Folio Identifier 17/236480Auto Consol 11394/227Folio Identifier 21588568Plantation Land Bombala 7 683,000 Folio identifier 110/658088Folio Identifier 1/1116225Plantation Land: Bra idwood Park, Station 1,2 & Round Mountain 6,528,000 Folio Identifier 2/634718Folio identifier 27/754902Folio Identifier 2/1146680Folio Identifier 2/1146217Folio Identifier 11/754902Auto Consol 12951/201Folio Identifier 47/754902Folio identifier 29/754902Folio IdentIfier 2/1146217Plantation Land: Cameron’s Hill 1 & 2 1,072,000 Folio Identifier 1/122009Page 120142

Annexure 1Willmott Forests Limited ACN 063 263 650Address and description of property(1) ValuationEstimated Valuation forrealisable value rating purposesWhereParticulars possessiontenancy m eobtainedShort particulars of title$ $ $Folio Identifier 12/596005Folio Identifier 13/596005Folio Identifier 15/596006Folio Identifier 235/756837Folio Identifier 238/756837Folio Identifier 295/756837Folio Identifier 1503/1042211Plantation Land: Cathcart 1 509,000 Folio identifier 1/1131882Plantation Land: Craigle 1 & 6 1449,000 Folio Identifier 109056837Folio Identifier 129/756837Folio identifier 2401756837Folio Identifier 269/756837Folio Identifier 2/736167Folio Identifier 1/1069166Plantation Land: Craigie 2 & 4 1,468,000 Folio identifier 2/1045067Folio identifier 3/1045067Folio Identifier 1/193338Folio identifier 4/748591Plantation Land: Craigie 3 923.000 Auto Consol 6779/105Auto Consol 6936/85Folio Identifier 1/129838Plantation Land: Craigle 5 963,000 Folio Identifier 11/756840Folio Identifier 23/1102550Plantation Land: Delegate 1-7 5,463,000 Auto Consoi 3392/140Auto Consol 4063/204Folio Identifier 20/756863Folio Identifier 47/756863Folio Identifier 48/756863Folio Identifier 49/756863Folio Identifier 80/756863Folio Identifier 100/756863Folio identifier 63/756863Folio Identifier 641756863Folio Identifier 281756863Folio Identifier 56/756863Auto Conscl 4063/204Auto Consoi 3392/140Page 13 of 42

Annexure 1Willmott Forests Limited ACN 063 263 650Address and description of propertyEstimated Valuation for(1) Valuation realisable value rating purposesParticulars oftenancyWherepossession ofdeeds may beobtainedShort particulars of titleFolio Identifier 63/756863Auto Consol 4063/204Folio Identifier 56/756863Folio Identifier 651756830Folio Identifier 110/756830Folio identifier 1321756830Folio Identifier 133/756830Folio Identifier 1341756830Auto Consol 12466/224Folio Identifier 111/756830Folio Identifier 150/756830Folio Identifier 2/1026334Folio Identifier 151/756830Folio Identifier 156/756830Folio Identifier 143/756830Folio Identifier 140/756830Folio identifier 1391756830Folio Identifier 138/756830Folio Identifier 137/756830Folio Identifier 148/756830Folio Identifier 149/756830Polio Identifier 157/756830Folio Identifier 75/756830Folio Identifier 9/756830Folio Identifier 89/756830Folio Identifier 13/756830Folio Identifier 104/756830Auto Consol 153651143Auto Consol 145051158Folio Identifier 112/756863Folio Identifier 74/756863Folio Identifier 75/756863Folio Identifier 131/756863Folio Identifier 1/1030329Polio Identifier 2/1030329Folio IdentIfier 3/1030329Folio Identifier 4/1030329Page 14 of 42

Annexure 1 Wilimott Forests Limited ACN 063 263 650Address and description of property(1) ValuationEstimated Valuation forrealisable value rating purposesParticulars oftenancyWherepossession ofdeeds may beobtainedShort particulars of title$ $ $folio Identifier 1131756830Folio Identifier 115/756830Folio Identifier 1161756830Folio Identifier 117/756830Folio Identifier 1181756830Plantation Land: Delegate 8 1,942,000 Auto Consol 15487/68Auto Consol 13188/145Folio Identifier 50/756837Folio identifier 266/755837Folio Identifier 5/756837Folio Identifier 267/756837Folio Identifier 1/233911Folio Identifier 31233911Auto Consol 15487/69Plantation Land: Delegate 9 575,000 Auto Consol 9722/130Folio Identifier 841756859Folio Identifier 25/756830Folio Identifier 86/756830Folio Identifier 1011134738Folio Identifier 1.1/1134738Plantation Land: Delegate 10 & 11 922,000 Folio Identifier 35/756853Folio identifier 1/803112Folio Identifier 117/756834Plantation Land: Delegate 12 2,104,000 Folio Identifier 106/756859Folio Identifier 17/756859Folio Identifier 25/756859Folio Identifier 35/756859Folio Identifier 47/756859Folio Identifier 48/756859Folio Identifier 49/756859Folio identifier 51/756859Folio Identifier 57/756859Folio Identifier 61/756859Folio Identifier 1/756859Folio Identifier 5/849346Folio Identifier 14/1080983Folio Identifier 111145737Page 15 of 42

Annexure 1 Willmott Forests Limited AN 063 263 650Address and description of property(1) ValuationEstimatedrealisable valueValuation forrating purposesParticulars oftenancyWherepossession ofdeeds may beobtainedShort particulars of title$ $ SFolio Identifier 2/1145737Folio Identifier 3/1145737Folio Identifier 4/1145737Folio Identifier 5/1145737Folio Identifier 6/1145737Folio Identifier 711145737Plantation Land: Deilicknora 396,000 Volume 5383 Folio 531Volume 4615 Folio 917Vol:3179 Folio:659Volume 8113 Folio 299Volume 4797 Folio 344Volume 8217 Folio 967Plantation Land: Glengarry 1 & 2 1,375,000 Folio Identifier 177/756827Folio Identifier 41/756827Auto Consol 8053/60Auto Consol 14845/23Folio Identifier 92/756834Folio Identifier 93/756834Folio Identifier 99/756834Folio Identifier 1/582140Folio Identifier 2/582140Plantation Land: Jerangle 1 411,000 Folio Identifier 1/1067484Auto Consol 13764/41Plantation Land: Jerangle 2 646,000 Auto Consol 15477/6Auto Consol 10662/94Auto Consol 7023/192Folio Identifier 1/34884Folio Identifier 1/122039Folio Identifier 50/750558Folio Identifier 132/750558Folio Identifier 135/750558Folio Identifier 136/750558Plantation Land: Kybeyan 1,330,000 Folio Identifier 36/750546Folio Identifier 43/750546Folio Identifier 35/750562Folio Identifier 78/721888Folio Identifier 49/750562Page 16 of 42

Annexure 1 WIlImott Forests Limited ACN 063 263 650Address and description of property(1) Valuat ionEstimated Valuation forrealisable value rating purposesParticulars oftenancyWherepossession ofdeeds may beobtainedShort particulars of title$ $ $Folio Identifier 21/750562Folio identifier 22/750562Folio Identifier 29/750562Folio identifier 34/750562Folio identifier 451750562Folio Identifier 48/750562Plantation Land: Mile 1 744.000 Folio Identifier 1/1047650Folio Identifier B/182594Folio Identifier 2/594144Folio Identifier 3/594144Auto Consol 10403/112Plantation Land: Mile 2, 3 & 5 1,346,000 Folio Identifier 4/1090863Folio Identifier 23/111673Auto Consol 7869/183Folio Identifier 152/756846Folio Identifier 25/756846Folio Identifier 26/756846Folio Identifier 95/756846Folio Identifier 220/756846Folio identifier 94/756846Plantation Land: Mile 4 668,000 Folio identifier 149/756835Plantation Land: Nimmitabel 1 & 2 740,000 Folio Identifier 1/2963Folio identifier 2/2963Folio Identifier 13111770Folio Identifier 1167/134018Folio Identifier 141/756849Auto Consol 5338/129Plantation Land: Numeralla 1,027,000 Folio Identifier 8/750548Folio Identifier 9/750548Folio Identifier 12/750548Folio Identifier 13/750548Folio identifier 24/750564Folio Identifier 49/750564Folio identifier 50/750564Plantation Land: Nungatta 2 254,000 Auto Consol 6319/91Plantation Land: Nungatta 3 & 4 223,000 Auto Consoi 14905/207Folio Identifier 103/750225Page 17 of 42

Annexure 1 Wfllmott Forests Limited ACN 063 263 650Address and description of property(1) ValuationEstimated Valuation forrealisable value rating purposes$ $$Particulars oftenancyWherepossession ofdeeds may beobtainedShort particulars of titleFolio Identifier 10/750225Folio Identifier 65/750225Folio Identifier 3/750225Auto Consol 14905/207Folio Identifier 103/750225Folio Identifier 10/750225Folio Identifier 65/750225Folio Identifier 3/750225Plantation Land: Paddy’s Flat 710,000 Folio identifier 150/756835Folio Identifier 141/756835Plantation Land: Pericoe 809,000 Auto Consol 1369/82Auto Consol 3190/144Folio Identifier 39/750228Plantation Land: Woolison 375,000 Folio Identifier 11870881Old Delegate Hospital 75,000 Folio Identifier 1/348134TOTAL 51,724,000Sled ..Date ............/.... 9 ....f..Page 18 of 42

Annexure 2 Willmott Forests Limited ACN 063 263 6502.1 Assets not specifically chargedName and address of debtorAmount owingAmountrealisableDeficiency$I DMadgwlck Chartered Accountant, 251 Park Street SOUTH MELBOURNE VIC32OS 2,493.32 2,49332Robert David Heathershaw, 15 Miles Street RICHMOND VIC 3121 330.76 330.76Anthony Basile, Level 4 185 Flinders Lane MELBOURNE VIC 3000 727.72 727.72Peter Robert Slebels, 17 Fairfax Avenue MILLSWOOD SA5034 236.27 236.27sma Services Pty’fld, AT FThe Dempsey Earni)yTrust6 Mattock Street CAMSERWE.U. VIC 3124 86.07 86.07Andrew Grant Bennett, 6 Hartley Street BRIGHTON VIC 3186 13230 132.30hr itopher Robert Fennell, 25 button Terrace MEDINOIE SA 5081 286.95 286.95David Robert Fone. 6 St James Place TOORAK VIC 3142 926.17 926.17Simon Francis Lawrie, 120 Wattle Valley Road CAMBERWELL VIC 3124 689.91 689.91Towy Romano 131 Penfold Road WATTLE PARK SA 5066 330.76 330.76Brian Kelly, 132 Victoria Avenue REMUERA 850.58 850.58William Mark Atkin, 54 Alpha Street BALWYN NORTH V1C 3104 11020.69 1,020.69Adefino MIranda, 8 SlIver Birch Close CROYDON NORTH VIC 3136 55.70 56.70Michelle Wild, P0 Box 765 SOUTH MELBOURNE VIC 3205 16,312.92 16,312.92 -Grainger WaNts, 93 Robertson Quay Unit 26.05 Rivergate SINGAPORE 238255 ,800.86 19,800.86Steven Robinson Jones, 6 LaPalma Square SECRET HARBOUR WA 6173 2.941 2,941.68 -James David Thus-good, 24 Lockwood Street ASQWTH NSW 2077 25,S24M 35 24.83Dami-an Berardi, 16 Fraser Street MORANBAH (110 4744 (38.99)West Asset Management, Level 13, NorthTower 459 Collins Street MELBOURNE VIC 3000 10,455.86 10,455.85Augustine Raymond Macanally, 290 Worongary Road WORONGARY (110 4213 17,876.95 17,876.95 -escia (Tony) Tawake (Bankrupt), 19 Fowlers Road SALISBURY NORTH SA 5108 308.28 308.28AKD Softwoods, 7-15 Forest Street COLAC VIC 3250 11768.10 1.768,10 -Mr K Walker & Mrs R Walker (BANKRUPThATF Pounamulajahna Kylle Rahera Matapukc/o Maxwell Prentice, Paladin Partners SY 7235 72.35Anthony Perelra,ATF Breeana McMullen 35 Crudge Road MARAYONG NSW 2148 8,013.11 8,013.11 -KellAnn Perelra,ATFJai Pereira 3S Cs-ridge Road MARAVONG N$W 2148 7,656.00 7,656.00 -Kelly-Ann Pereira, ATF Matthew Pereira 35 Crudge Road MARAYONG NSW 2148 8,24745 8,24746Adellno Miranda, 7/161 Pitt Street ELTHAM VIC 3095 2835 28.35Adam RlchardJanson, 15 Russell Street SURREY HILLS VIC 3127 1,020.69 1,02069oration Luya, 67 Tree Top Circuit QUAKERS Hill. P45W 2763 35,000.00 35,000.00 -Alice Mary Morton, 2 Errol Street PRA}IRAN VIC 3181 425.28 425.28Alexander Alfonso, 6 Guernsey Way STANHOPEGARDEP45 P45W 2768 13,242.66 13,242.66Al ixandra Mooney, Orange Whipfilms Suite 2/Level 1 ULTIMO P45W 2007 41%167.551 429,167.55kamal Investments Pty Ltd, PG Box 445 RAMSGATE NSW 2217 661,022.32 661,02232 -Alan Crawford Meads, 13 Alma Road CAMBERWELLVIC 3124 340.23 340.23 -’eniames Smith, 288 Tallwood Drive TALLWOODS VILLAGE P45W 2430 24,543.32 24,543.32 -’en Alfred Robinson, 2$ Wlldrose Street KEU.YVILLE NSW 2155 33.03 33.03 -Alan James Anderson, 22WldchamStreet MORANBAH QLO 4744 308.28 308.28Alan Laldler, 3 Drlden Street CANTERBURY VIC 3126 22,902.28 22,902.28 -Anne Tesch, Suite 12 2 Claremont Street SOUTH YARRA VIC 3141 1,275.87 1,275.87 -Anne Yvonne TeSch, 3 Willis Street EAST PRAHRAN VIC 3181 3.40842 3,408.42 -South Seas Holding Pty Ltd, Sytara Anekamal Level 42, MP Centre SYDNEY NSW 2000 3,125.07 3,125,07 -Anthony John Culshaw, 11 Matat Road WANAKA 358.68 358.68Anthony Peteriarnes, 16 View Street QUEENS PARK P45W 2022 3,269.07 3,269.07 -Antonio & Manuela Rlbelro, 13 Windsor Drive AVONDALE HEIGHTS VIC 3034 453.64 453.64Particulars ofsecurity any,heldExplanation ofdeficiencyPage 19of 42

Annexure 2.WIllmott Forests Limited ACN 063 263 650Name and address of debtorAmount owingAmountrealisableDeficiencyParticulars ofsecurity (If any)heldExplanation ofdeficiencyAntonio Joao Rlbeiro, 13 Windsor Drive AVONDALE HEIGHTS VIC 3034226.82 226.82Anthony John Pike, 20 East Parkway COLONEL LIGHT GARDEN 545041 5,363.60 5,563.60Antonio Gonzaive2,48A Brunswick Road EAST BRUNSWICK V1C 30574,260.55 4,260.55Anthony Robinson, 34 Dlosma Crescent NUNAWADING V1C 3131 3,408.42 3,408.42Anthony Pereira, 3S Crudge Road MARAYONG 145W 2148 25,622.26 25,622,26Anthony Di Usia, 8 Culburra Road MIRANDA NSW 2228 16,456.61 16,456.61Anthony Badman, 13-15 Skyline Court SOUTH MACLEAN ULD 4280 123,834.21 123,834.21Andrew Lane, 13 Dillenia Way GREEN WOOD WA 6024 139734, (397.741Andrew Mackay, *TIP TREE" Podgy Hut Road ANDO NSW 2631 320.00 320.00Andrew Dillon, 7th Floor Trek Centre 445 Toorak RoadTOORAK ViC 3142 11,127.21 11,127.21 -Andrew James Dick, 44 Green Street ST MORRJSSA 5068 156.81 156.81Andrew Gordon Munro, 97 The Rlghi EAGLEMONTViC 3084 71733 717.33 -Andrew John Baker, C/-G. Foote P0 Box 2038 KEW V1C 3101 143.46 143.46 -Andrew John Baker, Cl- G Foote P0 Box 2038 KEW VIC 3122 215.22 215.22 -Andrew Stuart& Claire Marie Duncan, 74 Kensington Road ROSE PARK SA 5067 313.57 31357 -Andrew David Morton,2 Errol Street PRAJIRAN VIC 3181. 358.68 358.68-Andrew James Petrie, Unit 1 17A Cooper Park Road BEI.LEVUE HILL 145W 2023 S73.84 573.84 -Andrew Kingston Aston, 8 Landen Place TOORAK ViC 3142 1,70115 1,701.15Andrew Michael Bamford, 53 Bobbin Head Road TURRUMURRA NSW 2074 56.70 56.70 -Andrew Michael Bamford, 15/9 Murray Street LANE COVE NSW 2066 28.35 2835 -Andrew Charles Hamilton Gilt, P0 Box 4177 KINGSTON ACT 2604 19.538.62 19,538.62Andrew David Hiom, 35 Blytheswood Avenue WARRAWEE NSW 2074 2,55631 2,556.31Andrew Rootes, EMC Corp Apt 505 Arden Sr LEONARDS NSW 206$ 4,260.55 4,26055 -Andrew thisolmiamieson, PD Box 87 FISH CREEK V1C 3959 4,260.54 4,260.54Andrew Mark 0110110, 90 Camden Street NEWTOWN P15W 2042 17,409.97 17,409.97 -Amanda Tran, 7 Varsity Court ST ALBANS VIC 3021 425.28 425.28ARC Investment Group Pty Ltd, P0 Box 21 FITZROY VIC 3065 5,937.25 5,937.25 -Arthur Patrick Roe, 36 Cern Avenue IVANHOE VIC 3079 1,209.26 1,209.26Aaron Simpson, AIrlie Park Cottage, Snodgrass Road DELEGATE NSW 87.00 87.00 -Armando Scenna, 27 Bertram Rise VIEWBANKVIC 3084 340.23 340.23Bettlna Louise Evert, 2878 Beaconsfield Parade MIDDLE PARK VIC 3206 33.03 33.03 -Billy Tran, 37 Talarno Ave VERMONT SOUTH V1C 3133 143.46 143.46 -Blair Wickens, 23 Giaddyr Street CAPALABA QI.D 4157 58,468.29 58,468.29 -BienvenidoChua, 20 Capella Street ERSKINE PARK P15W 2759 8,714.39 8,714.39 -Benicove Ply Ltd, 11 Hawthorn Street TARRAWANNA NSW 2518 22,312.14 22,312.14 -Benjamin Woolley, 11 Middlebrook Rise 8811.4 VISTA NSW 2153 59,106.55 59,106.55Benjamin John Gimbert, 33 Hathaway Road LALOR PARK NSW 2147 82. 82 1686.06 -Bimali Dharmabandu, 11 Wilson Road ACACIA GARDENS 145W 2763 23,242.66 13,242.66Barbara Hayes, 32 A Verdant Avenue TOORAKVIC 3142 1,134.20 1,234.28 -Barbara Hayes, 324 Verdant Avenue TOORAK VIC 3142 557.05 567.05 -Brett Archer, 501/401 St Kilda Road ME1.BOUNREVIC3004 286.95 286.95 -Brett Archer, 20 Sargood Street TOORAK VIC 3142 430.38 430.38Brett John Marshall, 16 Watts Parade MT EUZA ViC 3930 850.58 850.58 -Brett Damian Larsson, 24 Meyer Street MACKAY QLD 4740 8.07963 8,079.63 -Bradley Eric Morris Callings, 28 College Street TANUNDASA 5352 29,005.78 29,005.78Brian Gerard Burmeister, 17 Sommers Avenue MOUNT MARTHA VIC 3934 358.68 358.68 -Page 20 of 42

Annexure 2 . . . WiIImott Forests Limited ACN 063 263 650Name and address of debtorAmount owing$Amountrealisable$DeficiencyunoVavala, 94 Cumberland Street SUNSHINE NORTH VIC 3020 502.14 502.14ryon Ian Coles, ZA Gilbert Street HAMLEY BRIDGE SA 5401 22,312.14 22,312.14Brendan Joseph flattery, 183 Newman Morris Circuit OXLEY ACT 2903 (50841) (508.01)Indabella Logglng,9 Phelan Place WANNIASSAACT 2903 346.65 346.65Cheval Pty Ltd, P0 Box 2027 KEW VIC 3101 143.46 143.46 -abramand Nominees Pty Ltd, 63 The Boulevarde DONCASTER VIC 3108 122,500.00 122,500.00Casey Lee Domotor, 4 Kathleen Street NORWEU.VIC 3840 68.3.8 68.18Catherine Rosemary Aston, Standen Place TOORAKVIC3I42 1,020.69 1 102019thiyn Mary Wyld. 8/125 Third Avenue ROYSTON PARKSASO7O 22,312.14 22,322.14 -Catherine Helen Pine BANKRUPT, 43 Barker Avenue FINDON SA 5023 41,257.18 41,257.18 -Catherine FINDONSASO23 36,15338 36,153.38Colleen Dean, 906 Waverley Road GLEN WAVERLEY VIC 3150 358.68 -358.68 -Colin Manton, 31 FredrickStreet CONCORD NSW 2137 43.57 43.57Colin Clifford James, Culmurran Creek’ 197 Larssen Road VIA BONAI.B0 NSW 2469 346.65 346.65 -Colin RajnlshSlngh, 14 Halcyon Court EAST DONCASTER VIC 3109 358.68 358.68 -ClnmentinelSrlffin, Unit 142 Curlewls Street BONDI NSW 2026 76.824.27 76,824.27Cameron James Stillman, 1st Floor 120 Brldport Street ALBERT PARK V1C 3206 7,283.08 7,283.08Cameron John Rudolph, 03 Crown Street WOOLLOOMOOLOO NSW 2001 4,30126 4,301.26Chris Murphy, 2805 Coraki Road IHATHAM 433.00 433.00Craig Undsay Douglass, 11 Tramway Parade BEAUMARIS VIC 3193 28353 28353 1 -Craig Undsay Douglass, P0 Box 3020 MOORABBIN EAST VIC 3189 141.75 141.75Craig William Pearce, 4 Bergner Court LYSTERFIELD VIC 3122 143.46 143.46Craig William Pearce,4 Bergner Court LYSTERFIELD VIC 3156 215.22 215.22Craig McKenzie Read, P0 Box 734 COORPAROO QID 4151 748.72 748.72Craig Page, 503 Albany Creek Road BRIDGEMAN DOWNS OLD 4035 9,853.32 9,859.32 -Christopher Patrick Burn, 140 Koornalla Crescent MOUNT EUZA VIC 3930 645.60 645.60 -Christopher & Vicki BovIll, 42 Ramsay Avenue KEW EAST ViC 3102 358.68 358.68 -Christopher Scott BovilI,42 Ramsay Avenue KEW EAST VIC 3102 28333 283.53 -Christopher Scott BovilI, 42 Ramsay Ave KEW EAST VIC 3102 141,75 141.75 -Christopher lames Geeves,4 Hallow Cres Augustine Heights OLD 4300 26,540.25 26,54015 -hrlsto Winters, 8/22-28 Obrien Street 801401 BEACH NSW 2026 27,586.06 27,586.06 -Christine Munro, 20-22 Nemeth Road BURPENGARY OLD 4505 169.87 169.87 -Cyril Campelj, Soak Grove MT EUZA VIC 3930 358.68 358.68 -Dee Shaban,57 Louis Street DEERAGUN QLD 4818 236.72 236.72 -Oabb Electrolysis Centre, 37 North Road BRIGH1ONVIC 3186 156.86 156.86 -Debbie Gould, Level 42, AAP Centre 259 Georgestreet SYDNEY NSW 2000 3,125.07 3,125.07David Brewer & Sandra Brewer, 11 Eagle Court TEESDALEVIC 3328 3,348.35 3,348.35 -David John Tate, KIa Ore Brown Canes Road DELEGATE NSW 2633 320.00 320.00 -David Thomas Meek, P0 BOX 523 WEST PERTH WA 6872 85039 850.59David Thomas Meek, 83 Dundas Road INGLEW000 WA 6052 425.28 425.28David O’Doherty, l8 Jersey Avenue LEURA NSW 2780 189,567.00 189,567.00D’widTulloh, 6 Hollywood Crescent WILLOUGHBY NSW 2068 8,521.06 8,521.06David Lloyd Morgag, P0 Box 2064 MIDLAND WA 6936 5,112.62 5,112.62 -David & Nancy Duxbury. 1030 Great Eastern Highway GLEN FOREST WA 6071 29,082.54 29,08254 -David John Richards, 69 Buckingham Drive HEIDELBERG VIC 3084 111,560.63 1 111,560.63 -[toavid Harley. PD Box 750 WEST PERTH WA 6872 4,260.211 4,260.21 IParticulars 01security (if any)heldExplanation ofdeficiencyPage 21 of 42

Annexure 2 WlIlmott Forests Umited ACN 063 263 650Name and address of debtorAmount owingAmountrealisableDeficiencyParticulars ofsecurity (heldExplanation ofdeficiencyDavid Hickey, 366/6 Cowper Wharf Road WOOLLOOMOOLOO NSW 2011 131,710.71 131,710.71David Palmer & Melissa Palmer, 18 Mlnahan Place PWMPTON NSW 2761 119,285.46 119,285.46 Iid Biddle, 228 Farm Street ROCKHAMPTON QLD 4700 41,481.04 41,481.04David Pratt, 22 Cheltenham Road BLACK ROCK VIC 3193 24,542.28 24,542.28Doug Charleston, Lot 13 of Jacky Bulbin Rd P0 Box 56 Chatsworth Island NSW 2469 350.00 350.00Doug raganVucenovic, 28Aouandong Street ROXBY DOWNS SA 5725 90,500.24 90,500.24Management Pty Ltd, 1302/50 Lorimer Street DOCKI.ANDSVIC 3008 340.23 340.23 -RS UP Dodwell, ’Rippling Waters’ 1670 Jingellic RoadTIJMBARUMBA NSW 2653 215.00 215.00Dale Martin, 21 Fowler Street SOUTH BOX HILL VIC 3128 3,408.42 3,408.42 -Dale Francis Shooter, I Alpine Road HAPPY VALLEY SA 5159 4,260.55 4,260.55Dale Kristofer SaIrni, P0 Box 388 STAIWEILVIC 3380 35,000.00 35,000.00Dale Schubert, $SlACurrumbln Creek Road CURRUMBIN VALLEY 01.0 4223 103.03 103.03DellareineTania Forrester (Bankrupt), Insolvency andTrustee Service Australia Level 6,201 Elizabeth Street SYDNEY NSW 2000 31,213.92 31,213.92 -Dean Goodyer, P0 Box 228 Cathcar Road BOMBALA NSW 2632 480.97 480.97Dianne Patricia Stephens, P0 Box 40025 CASUARINA NT 0810 1,147.71 1,147.71Dion Kulak, 273 High Street FITZROY NORTH VIC 3070 330.76 330.76 -Dean Christopher Fiedler, 43 Woodfield Drive SALISBURY DOWNS SA 5108 SQX1 5 X1.97 .97 50,851.97Dean Ian White, 2 Batman Avenue MOUNT EUZA VIC 3930 37,930.59 37,93059 -Dino Verrler, 8 Newhaven Avenue BLACICTOWN NSW 2148 45,482.66 4S,482.66 -Simon Donohoe, 21 CunIlEfe Road EAST KILLARA NSW 2071 9,178.33 9,178.33 -Dton Richard Hubner, 18 Beauty Drive WHALE BEACH NSW 2107 874.50 874.50 -Denise Margaret Reynolds, Apartment 19161 Darling Street SOUTH YARRA VIC 3141 22,312.14 22,312.14 -DamlenVentry, P0 BOX 239 BOMBALA NSW 2632 2,484.24 2,484.24 -Dirk Enke, P0 Box 241 Phra Khanong Post Office BANGKOK BANGKOK 10110 126.61 126.61 -Oragan Takov, 583 Portrush Road GLENUNGA SA S064 71.76 71.76 -Daryl Clem Cummins BANKRUPT. 626/250 Pitt Street WATERLOO NSW 2017 8S,612.96 86,612.96 -Darren Moore, Ando 1 Monaro HIghway ANDO NSW 2631 303.00 303.00 -Darren Grant Schmidt (Bankrupt), Darren Schmidt GPO Box 2604 ADELAIDE SA 5001 154.14 154.14Darren Patrick James Brown The Bankrupt Estate of, DeioltteToucheTohniatsu NSW P0 Box N250 SYDNEY NSW 1219 1,112.05 1,112.05 -Ethanol Technologies Limited, PD Box 1012 INGHAM OLD 4850 4,583.33 4,583.33 -Edwin Chandra, 13 Trameland Circuit LANG WARRIN VIC 3910 93.59 93.59 -Edan Wilson, 11 Lawrence Street MORANBAH (11.04744 214.70 214.70 -Edward Harold Ccndran,7A Wingate Avenue EASTWOOD NSW 2122 170.1.1 170.11 -Elizabeth Christie, 25 Bogota Ave NEUTRAL BAY NSW 2089 1,701.15 1,701.15 -Elizabeth Helen Evans Unit 61316 Wattletree Road MALVERN EAST VIC 314$ 789.06 789.06Elisabeth Cathryn Trott. Unit 2 310 Burnley Street RICHMOND VIC 3121 85.05 85.05 -Eric Ashleigh Parker, Level 11377 l.ondsdale Street MELBOURNE VIC 3000 1,701.15 1,701.15egerts Ice Works Pty LId, 55 Salisbury Road ASQUITH NSW 2077 214.70 214.70i Bankrupt Estate of Florlta Abat, Nicholls & CoAttn: Alan Richard Nicholls TAMWORTH NSW 2340 154.14 154.14Gavin Rae, The Bankrupt Esate of; Cl- Schon G Condon RFD Level 6,321 Pitt Street SYDNEY NSW 2000 113,345.32 113,346.32 -useppe Costanzo, 20/10 Tovan Akas Avenue BENTLEIGH VIC 3204 71.76 71.76 -Gillian Louise Flack, 28 Salrnond Street DEER PARK VIC 3032 76.60 75.60 -Gillian Louise Flack, 28 Salmond Street ASCOT VALE VIC 3032 56.70 56.70 -Gall Margaret Milton, 44C Barons Street TRANMERE 545073 143.46 143.46 -IGI[selle QuIte. 18A Ferdinand Street HUNTERS HILL NSW 2110 26,598.14 26,598.14 -en Travis Goodrem, 4iandabup Close SINAGRA WA 6065 93.59 93.591Page 22 of 42

Annex22 WlIImott Forests limited ACN 063 263 650Name and address of debtorAmount owingAmountrealizableDeficiencyParticulars ofsecurity (if any)heldExplanation ofdeficiencyGene-PierreTukaki &Tammle Wetere, Misslaminie Wetere 3/88 Boronla Street WENTWORThVILLE NSW 2145 37,379.04 37,379.04anna Forest Products Pty Ltd, P0 BOX 572 IANCESTONTAS 1250 4,719.00 4,719.00Gary Black. P0 Box 434 COMO WA 6952 3,055.02 3,055.02Nigel Gargan, 578 Balmoral Way PAKENI1AM V1C 3810 16,115.80 16,115.80Gregory Wilson, 170 Galatea Road SCARSDALE VIC 3351 1,701.15 1,701.15Gregory Brian Baker, 9 Jerome Avenue WINSTON HILLS NSW 2153 14,788.98 14,788.98Graeme Leslie Morris, 6 Edith Avenue SANDY BAY TAS 7005 7L76 71.76Graerne Anthony Gherbaz, 33 Roland Avenue STRATHMORE V1C 3041 51,317.89 1 51,317.89Graham Elton & Roma Delivene Jensen, 31 Margaret Court KENMORE OLD 4069 22,312.14 22,312.14aeme Pretty, 33 Moola Place ELIHAM VIC 3095 3,125.07 3,125.07Grant Mills, P0 Box 750 WEST PERTH WA 6872 2,556.71 2,556.72Grant Whatmore, 52 Abang Avenue TANAH MERAH QI.04128 169.87 169.87Grant eeble. PD BOX 133 SEAFORTH NSW 2092 58,033.59 58,033.59Gerard Dillon, 1.3 Madel Avenue STRATHMORE V1C 3041 358.68 358.68Gerard PaoickCudmore, 12 Newland Avenue MILPERRA NSW 2214 35,000.00 35,000.00 -Hohepa Rewetl, 2 Macks Street WENTWORTHVIU.E NSW 2145 83,403.38 83,403.38 -Haysam C/a Level 16390 St Kilda Road MELBOURNE VIC 3004 100111) 10040 -Hamish Peter & Cheryl Ann Nairn, GPO Box 951 ADELAIDE 5* 5001 143.46 143.46Henry Brown, "StirlIng" P0 Box 25 DELEGATE NEW 2633 320.00 320.00 -Sellers, "Corrowoog" DELEGATE NSW 2633 46.02 46.02Willi am Harding, 3 MaItiand Street MORANBAM OLD 4744 14,588.79 14,588.79lhaka Brown (BANKRUPT), Insolvency and Trustee Service Level 4,201 Elizabeth Street SYDNEY NSW 2000 49,985.44 49,985.44 -Isabel McLean, P0 Box 8081 BARGARAQLD 4670 358.68 358.68 -a Giaminanco, (Bankrupt), Insolvency and Trustee Service Australia Level 4,201 Elizabeth Street SYDNEY NSW 2000 15,541.68 15,541.68 -Ian Geoffrey Cross, 59 Tuxeii Street BALWVN NORTH VIC 3104 430.41 430.41 -tan Vaughan, Caves Ridge TIMOR NEW 2338 72.35 72.35 -JJ Harvest Trust P/I (IN LIQUIDATION), AT FThe ii Harvest Trust P0 Box 1563 SURFERS PARADISE OLD 4217 157,626.44 157,626.44 -JPH Taxation Services Pty Ltd, Level 660 Albert Road SOUTH MELBOURNE VJC 3205 1,7D1.15 1,701.15 -Jeffrey Kenneth Jamieson, Level 11 Swann Road TARINGA 01.0 4061 255.18 255.18Jeffrey Robert Edwards BANKRUPT, c/oJones Partners level 13,189 Kent Street SYDNEY NEW 2000 60,003.03 60,003.03 -Javier Rosso, 118 St Clair Avenue STCIAIR NSW 2759 44,262.91 44,262,91 -Joseph Train, 34/20 Brown Street LABRADOR OLD 4215 47,713.26 47,713.26 -Joseph Rethlchl, 1.05 Ryde Road HUNTERS HILl. NSW 2110 148,219.93 148,219.93r,StIn Wayne Dwyer, C/- In Focus Accounting 358 Oxford Street LEEDER VILLE WA 6007 71.76 71.76 -asonWapte, C/- Baiwyn Denial Group 375 Whitehorse Road BAIWYN VIC 3103 425.28 425.28 -Jason Trent Williams, 9 Slllvertop Circle WARNBROWA 6169 42,615.65 42,615.65Judith Wilson, 10 The Oaks CROYDON VIC 3136 1,134.10 1,134.10 -Judith Wilson, 10 The Oak CROYDON VIC 3136 567.0$ 567.05 -adimar Pty Ltd ATFIOWn Planning Recove, P0 Box 3874 SOUTH BRISBANE OLD 41O1 1,080.55 1,080.55Juliet Cullen, 1670ilngellIc Road MANNUS NSW 2653 346.00 346.00Julian Piankos, 15 Walsh Street DEEPDENE VIC 3103 430.41 430.41 -John and Robin 6uthrle "Meadowbank" DELEGATE NSW2633 523.25 623.25 -,mleGleeson, 2/1670JlngelllcRoad TUMBARUM8ANSW2653 215.00 215.00 -John Crowe, S Berkeley Street HAWTHORN VIC 3122 1151.96 2,151.96ihnioseph Mooney, 14 Forbes EssendonVIC3O4O 286.95 286.95 -nhnJoseph Mooney, 14 Forbes Street ESSENDONVIC3O4O 430.38 430.38 -Page 230142

Annexure 2 Willmott Forests Umited ACN 063 263 650Name and address of debtorAmount owingAmountrealisableDeficiencyParticulars of,.security any,heldExplanation ofdeficiencynba Garvan Hurley, PD BOX 329 TOORAK VIC 3142 215.19 215.19Joanne Michelle Lamont, 14 Grevllle Street E5SENOON NORTH VIC 3041 170.11 170.11John Fares, P0 Box 549 NEWPORT VIC 3015 1.638,741.91 1,638,741.91Jamie Thomas Minns, 17 Seacove Court EIMEO QLD 4740 187.17 187.17’in Edward Campbell, Unit 1/16 Mascot Drive EASTLAKES NSW 2018 35.06 35.06o’ina Lopez, 11/19Aiohnson Street MASCOT NSW 2020 70,000.00 70,000.00hnnyWiremu Walker, 21 Pasadena Place STCLAIR NSW 2759 62,969.62 62,969.62Jennifer Roach. 303.00 303.00 -Jennifer Kathleen Hawea, 50 Jackson Street HAMILTON QID 4007 10,468.33 10,46833 -James David Edwardson, 34 Carrington Street ADELAIDE SA SUB? 170.11 170.11 -James McParlane & Helen McParlane, 4799 The Parkway SANCTUARY COVE QLD 4212 85.05 85.05 -James Wet[ Tihl,34 Octavia Street TOONGASBIE NSW 2146 49,000.00 49,000.00James Joseph Parker, 7/12 Patrick Lane TOOWONG QLD 4066 35,000.00 35,000.00James Edwardson34CarringtonStreet ADELAIDE SA 5067 140,000.00 140,000.00Jared Patrick Dennis, 60 Staghorn Parade NORTH LAKES QID 4509 56,002.99 56,002.99Jeremy Nicholas Hanfllng, 7 Syvaterre Court SAMFORD QLD 4520 31,237.00 31,237.00 -Kay Aarons, Cl- Strategic Financial Solutions Level 7 SOUTH MELBOURNE VIC 3205 2.312.14 2Z312.14Kevin John De Vries, 21 Braeside Drive JUNORTOUN VIC 3551 358.68 358.68 -Keith Glen Nielsen, P0 BOX 1364 MILTON BC QLD 4064 S,642.72 5,642.72Keith Gourley, 5 Broun Avenue BEDFORD WA 6052 16,827.00 16,827.00 -edesco Pty 12d, 26 Mountain Flat Road NARRE WARREN VIC 3804 1,86532 1,86531 -Dudley Walker (BANKRUPT), Cl- Maxwell Prentice, Paladin Partners GPO Box 268 SYDNEY NSW 2001 335.81 335.81 -"e Anne Grant, 12/122 Bower Street MANLY l’45W 2095 2871 28.71 -Kylle Anne Grant, 19/28 McDonald Street HARBORD NSW 2096 43.05 43.05Kelly-Ann Pereira, 35 Crudge Road MARAVONG NSW 2148 28,403.50 28,40350 -elan Douglas Arana Aitken, 14 Linda Way Upper Coornece QJD 4209 62,041.43 62,041.43 -eelan Aiticen, 14 Linda Way Upper Coomera OLD 4209 34,134.21 34,134.21 -mAbba, 4 Hazel Rose Court MONTMORENCY VIC 3094 85.05 85.05 -Alanna May King, "Billaroy" Shockeroo Road HUMUI.A 145W 2652 240.00 240.00 -Brian King & Mrs Kern-PatrIcia King, Tarparnie Mail Service 805 MUNDUBBERA QLD 4626 44,624.24 44,624.24 -Kingsley Alien Lynn, 63 Redman Road DEE WHY NSW 2099 308.28 308.28 -Kingsley Lynn, 63 Redman Road DEE WHY NSW 2099 236.72 236.72 -Kenneth James O’Brien, Unit 24115-19 Graham Road HIGHEITYIC 3190 143.46 143.46 -Kineth Ronald Dempsey, 6 Matlock Street CAMBERWEILVIC 3124 255.18 255.18 -Kenneth John Parker, 24A Collins Street DIAMOND CREEK VIC 3089 56.70 56.70Kenneth John Parker, 2A Collins Street DIAMOND CREEK VIC 3089 28.35 28.35lstlna Wendy Bamford, AT F K Bamford Family Trust P0 Box 363 BURNSIDESASD66 1,294.32 1,294.32 -’udean Kalrua. 221 Victoria Road MARRICKVIU.E NSW 2204 272.89 272.89 -Kara Louise Murray, 8/17 Somerset Street MOSMAN NSW 2088 522.98 522.98 -Lax Wayne Dodd, 6 Stirling Crescent GLEN WAVERLEYVIC 3150 358.68 358.68 -Lake Bogs Pty Ltd, 303 George Street DONCASTER VIC 3108 170.11 170.11 -Leighton Dirk Morvinsori, 47 Bonnievale Terrace WANNEROO WA 6065 60,607.59 60,607.59 -Lachlan James Champion De Crespigny, 11 Hampden Road ARMADALE VIC 3143 78396 783.96 -’as Romano, 131 Penfold Road WATTLE PARK SA 5066 358.68 358.68 -Lp.on Churcher, 16 Stafford Street WAIHI NEW ZEALAND 3610 61,389.46 61,389.46 -eonard Hitch, 250 A Sea view Road HENLEY BEACH SA 5022 6,816.80 6,816.80 -Page 24 of 42

Annexure 2 . Wilimoit Forests Limited ACN 063 263 650AmountParticulars ofAmount owingDeficiencyName and address of debtor realisable security (If au)heldExplanation ofdeficiencyLaurie John Rttock, Level 11118 King William Street ADELAIDE SA 5000 5,619.20 I 5,519.20Leroy ory Black, 2/53 Darebln Road T1IORNBURYVIC3071 39636 396.36Lauren Michelle Styles, 310 Waterloo Road GLENROYVIC 3046715.56 715.56Lawrence Packer, 185 The Scenic Road KILLCARE NSW 2257 178. 178,208.00Michael Dyer, P0 Box 283 BOMBALA NSW 2632780.00 780.00Michael James Gray, S2 Brinsley Read CAMBERWELLVtC 3124 2,275.87 1,275.87Michael lvi Lane, lWhltington Avenue GLEN OSMONO SA S064 313.57 313.57Michael Jeffrey Orake, 46 Bromborough Road ROSEVILLE NSW 2069 71.76 71.76Michael son, AT F Meditrans Pty Ltd Super Fund 483 Lygon Street CARUTON NORTH VIC 3054 850.58 850.58Michael Chin, P0 BOX 6896 St Kilda Road Central MELBOURNE VIC 8008 56745 567.05Michael Chan, 60.62 Mllray Street BRIGITON EAST VIC 3287 283.53 283.53Michael Leonard Holmes, P0 Box 2327 WANGARATTAVIC 3676 30,594.53 10,594.13Michael Fares, P0 Box 549 NEWPORT VIC 3015 1,637,79637 1,637.796.37Michael Bennett, PC Box 750 WEST PERTH WA 6872 2,55631 2,556.31Michael Richards, P0 Box 750 WEST PERTH WA 6872 2,55631 2,55631Michael Charles Bailey, Unit 3,7 Prospect Street MACKAY (110 4740 3,588.86 3,388.86Michael Richard Trimble, loSkiddawStreet RURAL VIEW OLD 4740 - 8,723.76 8,723.76Michael Hey, PD Box N689 GROSVENOR PLACE NSW 1220 9810D0.00 98,000.00Michael John Peckham, P0 Box 960 CO1TESLOE WA 6011 47,673.60 47,673.60Michael Bailey, 3/7 Prospect Street MACKAY OLD 4740 43,015.49 43,015.49MIS Buyback - Discount on AcquIsItion, (4.628.321,50)Michael Ryan, 2825 Coraki Read TATHAM QLD 692.00 - 692.00Michelle Ann Boulger,3 Cocksheil Court RUNAWAY BAY (1104216 42939 42939MaW Oak Theatre Restaurant, M K Gregory and R M Gomersall P0 Box 393 Sr MARYS NSW 1790 89.66 89.66Mathew Hayes, 32A Verdant Avenue TOORAX VIC 3142 1,701.15 1,701.15Matthew Benham BANKRUPT (PART IX), P0 Box 1790 CHARTERS TOWERS 01.0 4220 15,244.35 15,24435Matthew Brendan Woolley, 19 Sandhurst Crescent GLENHAVEN NSW 2156 35,000.00 25,000.00ate Kairua. 2/57 Alice Street G000NA 0104300 456.92 456.92 -atauaina NotoB, 123 Brisbane Road RIVERVIEW (110 4303 26,126.29 26,126.29 -Matthew Hayes, 16 Companion Way SHOAL POINT 0.1.0 47S0 61,863.14 61,863.14Matthew Herrlott, Level 2S0 Yeo Street NEUTRAL BAY NEW 2089 5,625.53 5,625.13Malcolm Andreas Moss, 10 BollIn Grove PREST8URY CHESHIRE UK K 1040 338,846.41 338,846.41 -Malcolm George Keatley, 23 Smith Road SALISBURY EAST SA 5109 22,312.14 22,312.14Mary Chrlsto, 58 Richmond Street COLLEGE PARK SA 5069 143.46 143.46 -Maria Ssabo, P0 Box 659 MENTONEVIC 3194 170.11 270.21 -Maria Concetta Cveticovsld, 39 Yachtsman Drive CHIPPING NORTON NSW 2170 13,242.66 13,242.66 -Maria Nobrega Saggers, 74 Parraween Street CREMORNE NSW 2090 70,000.00 70,000.00 -Mervyn Burton, 30 Grand Boulevard CRAIGBURN FARM 545051 61,995.86 61,995.85 -Mark &Ann Margaret Wheaton, ATF The Wheaton Family Super Fund 61 Aldgate Valley Road ALDGATE SA 5154 330.76 330.76 -rkJonathon Yeomans, P0 Box 4032 NORW000 SOUTH 545067 35114 352.14 -Mark Howard Franzl, P0 Box 162 CANUNGRA (1104275 85.05 85.05 -Mark Simari, 11 Bridges St GLEN IRIS VIC 3146 22,312.14 22,312.14Morris Kaplan, 2A Conway Avenue ROSE BAY NSW 2029 24,867.39 24,867.39 -Mark Andrew O’Leary, 39 Bayview, Crescent BLACK ROCK VIC 3193 250.00 25040Mark Comber, 7 Marsh Court MORANBAH (1104744 13,957.61 13,957.61 -Mark Scorgle, 144 Chappell Street MIDDLEMOUNTQLD4746 345,901 345.90 -Page 25 of 42

Annexure 2. WllImott Forests LImIted ACN 063 263 650Name and address of debtorAmount owingAmountrealisableDeficiencyParticulars of.Secufltyl anyheldExplanation ofdeficiency1Mark Kara, 42 Northham Drive NORTH ROCKS NSW 2151 84,47331 84,473.51Morris & Merica RadOVaOOVIC, S Cress Place QUAKERS HILL NSW 2763 52,500.00 52,500.00Mark Mitchell MackenzIe, 9 Marsh Court MORAN11A}4 OLD 4744 26,485.34 26,48534’co Lao Harold DI lisle,. 8 Culburra Road MIRANDA NSW 2228 86418.20 86,118.20 -Marpret Robertson Champion De Cresplgny, U Hampden Road ARMADALEVIC 3143 313.57 313.57Margaret Mary Johns, 47 Walton Crescent ABBOTSFORO NSW 2046 - 1,778.01 - 1,778.01 -Margarita Georgina Clampa,45 Greenway Drive WEST HO)(TON NSW 2171 15,890.31 15,890.31Mark Delaney, 27 Mubo Crescent 1401.SWORTHY NSW 2173 $3,198.87 53,198.87-k Raymond Delaney, 27 Mubo Crescent HOI.SWORTHY NSW 2173 39,732.86 38,732.86Gartin Melville, 83 Massinger Street SALISBURY OW 4107 72.35 7235 -Miriam yes, 96 Stokes Street PORT MELBOURNE VIC 3207 11701.15 1,701.15 -Marion Joan Pearson, 48 Kentucky Drive DARLING DOWNS WA 6122 53,673.53 53,673S3Wick A tutn, 64 Becket Street GLENROY VIC 3046 71.76 71.76 -Nicole QuinneIl, 16 Centennial Lane CAMDEN NSW 2570 23,610.84 23,610.84 -Nicholas David Lakin, GPO Box 4028 MELBOURNE VIC 3001 8,521.061 8,521.06 -Noel Francis May, C/- Noell May & Associates P0 BOX 7555 BEALJMARISVIC 3193 567.05 567.05 -ntis May, 77 PellattStreet BEAUMARISVIC 3193 283.53 28333 -aren Kumar, P0 Box 4065 RINGW000 VIC 3134 573.84 573.84 -Norman Richard Hlrw, P0 Box 2408 HAWTHORN VIC 3122 502.14 502.14 -Owen Edward SmaB, 705 Cosskl- Ellangowan Road CORAXI NSW 2471 216.65 216.65 -Peter Alexander Macmillan, PD BOX 1219 BARWON HEADS VIC 3227 398.64 398.64Peter Richard James, 25 Bogota Avenue NEUTRAL BAY P45W 2089 1,701.15 1,701.15 -Judith Anne Flock, Rototech Pty Ltd 34-36 Klnkaid Avenue NORTH PLYMPTON SA. S037 38.26 38.26 -Judith Anne Flock, C,- Rototech PLy Ltd 34-36 Kinkald Avenue NORTH PLYMPTON SA 5037 5738 5738 -Peter Bernard Flnck, Rototech Pty Ltd 34-36 Kinkald Avenue NORTH PLYMPTON 5A5037 38.26 38.26 -Peter Bernard Flnck, Cl- Rototech Pty Ltd 34-36 Klnkald Avenue NORTH PLYMPTON SA5037 57.39 5739 -Peter Anthony Scully, 83 Fawkner Street ABERFEWIEV1C 3040 430.41 430.41Peter Bernard & Judith Anne Flock, Rototech My Ltd 34-36 Klnkald Avenue NORTH PLYMPTON SA 5037 3826 38.26 -Peter Bernard & Judith Anne Finck, C/- Rototeth Pty Ltd 34-36 Klnkald Avenue NORTH PLYMPTON SA 5037 57.40 57.40 -Peter Mawh(nney Johns, TallInt Pty limited Level 13/179 Elizabeth Street SYDNEY NSW 2000 3,402.30 3,40230 -Peter Vince of Bentleys MRI,ATF David Lockwood 15 Woodmason Street MALVERN VIC 3144 19,800.00 19,800.00 -Peter Richard Templar, 18 Salmorsl Circuit BI.AKEVIEWSA 5114 22,312.14 22,312.14 -Peter Ellis Cooke, lWestcott Place BRISBANE 0LD4070 15,618.49 15,618.49 -Peter Allan Harding, 101 Margate Parade MARGATE 0104019 522,500.16 522,300.16 -Patrick D’Urso, 11 Bnalu Close MOUNT EUZA VIC 3930 42,837.37 42,83737 -Paul Neylon, Airlie Park DELEGATE NSW 2633 866.00 866.00 -Phillip MIS Olson, P0 Box 2110 MOUNT WAVERI.EYVIC3149 66.16 66.16 -’Ilpe Harris, 294 Richardson Street MIDDLE PARK VIC 3206 850.58 85038 -Paul McKendry, 29 Gowar Avenue CAMBERWEI.LVIC 3124 26,774.53 26,774.53 -Phillip Stafford Glenn Bainbridge, 156 The Panda ASCOT VALE VIC 3032 33,468.18 33,468.18 -hillip William Scott, 13 Bournvllle Street FLOREATWA6O14 5,007.26 5,007.26 -Paul Andrew Evans, 18 Grandview Grove NORTHCOTEVIC 3070 22,312.14 22,312.14 -hillpChiversTrevear Z Scottsdale Court NORTH LAKE WA 6163 170.11 170.11 -Pearce SM & OM, 10 Alkoorol Avenue HAMI.YN HEIGHTS VIC 3215 821.63 821.63 -ebecca Poly, 22 Nevada Retreat BULLEEN VIC 3095 226.84 2.26.84 -obecca Poly, 65 Sweenys Lane ELTHAM SOUTH VIC 3095 170.12 170.12 -Page 26 of 42

Annexure 2Wlllmott Forests Limited ACN 063 263 650Name and address of debtorAmount owingAmountrealisableDeficiency1$Robyn Sandra Munn & Allan Andrew Munn, P0 Box 2002 NORTH SYDNEY NSW 2059 317,529.50 317429.50Rvindra & Nailma Prasad, 18 Watford Drive STANIIOPE GARDENS NSW 2768 70,00040 70,000.00Robert Smith, Lot 151 Browns Camp Road (Karachi) DELEGATE NSW 2633 216.00 216.00Robert William Baird, 39 Johnson Street RICHMOND V1C 3121358.68 358.68Robert James Curtain, 8 Imbros Street HAMPTON VIC 3188 143.46 143.46Robert Charles & Kerryn Raelene Woodbury, 7 Queen Street WILUAMSTOWN SA 5351 22,312.14 22,312.14RabertCarnell, P0 BOX 191 ASHFIEL.D NSW 1800 80,582.63 80,582.63Robert Wheeler, 45 Clements Street MORANBAN QLO 4744 51238 512.38Robert May, 37 Medina Street YOUNGTOWNTAS 7249 7235 7235Robert Michael, C/-Unit 1/28Springvaie Road NUNAWADINGVIC 3131 78,59538 78,595.38Ross Stewart Gubbels, 44 Noble Street NEWTOWNVIC322O 1,434.63 1,434.63Ross William Anderson, PD Box 30 PORT MELBOURNE V1C 3207 1,701.15 1,701.15 -Ross William Anderson, P0 Box 30 PORT MELBOURNE VIC32O7 22,312.14 22,312.14Racquel Tlrados, 53 The Lakes Drive GLENMORE PARK NSW 2745 154.14 154.14exlamaki, 3 Andrusha Place flat Bush, MANUKAU 42,153.07 42.153.07kesh Anand, $25 Carlisle Ave MOUNT ORUITI NSW 27701.053.60 __ỊDS3.60egiesYounan (Bankrupt), do Insolvency andirustee Service GPO Box 2851 MELBOURNE VIC 3001 308.28 308.29 -Ross Cameron Crozier, 3OCalytrlxCrescent SUCCESS WA 6164 1081500.00 108.500Russell John Maher, 108 Kennedy Road MACCLESFIELD VIC 3782 353.68 358.58Richmond Bruce Walters, P0 Box 8025 SOUTH GLADSTONE CILD4680 143.46 143.46Richard Michael Power BANKRUPT, 8 Baywater Drive HOMEBUSH BAY NSW 2127 17,599.99 17,599.99Richard Scot Williamson, 198 Seahorse Lane DISCOVERY BAY 425.28 425.28 -uger William Smith, 11/144 High Street NORTH SYDNEY NSW 2060 107,747.28 107,747.28 -chard Anthony Weber, 7 Blanche Avenue MAGILLSA 5072 22,322.14 22,332.24 -Richard John Baird, 16 Serena Street FALCON WA 6210 11,929.47 11,929.47Richard Scott McKay, 20 Stanley Street LEABROOKSASO68 22,312.14 22,312.14Roger Paulo Acaclo, 19 Waverton Court KIUAROOWA 602$ 8,601.25 1 8160115 --J,ardWineera, 27/1 Betongil Street PACIFIC PINES OLD 4211 861153.03 86,158.03 -Richard Elstone, S Champion Street BLACK ROCK VIC 3193 43,17035 43,170.85 -Rt’dlcle Prolects, MrTim Bennett and Mr Bruce Cook Level 4,405 Collins Street MELBOURNE VIC 3000 16,736.50 16,736.50 -Rodney David Wright. 15 Bate Avenue ALI.AMBIE NSW 2100 68,325.37 63,325.37 -Roderick Douglas Larsson, 12 Erskine Street ARMADALEVIC 3143 1.613.54 1,613.54 -Pane Diocares, lGreat Court REGENTS PARK QI.D 4118 21,383AZ 21,383.42 -Ryan Pita Riwaka, 19A Royal Park Drive CHRISTCHURCH NEW ZEALAND 8083 8,6S9.78 81659.78enaidGrantley &ioy Marilyn Prior, P0 Box 280 Ashmore City ASHMORE QLD 4214 71.76 71.76 -Ronald Romeln, 1349 Raglan Parade DENNINGTON VICTORIA 3280 33.03 33.03 -MT Ronald Rorneln, 1349 Raglan Parade DENNINGTONVIC 3280 36.18 36.18 -Mt. Aand Mrs. S Renownden, 6410 lllawarra Highway MOSS VALE NSW 2577 33,891.40 33,891.40 -Suzanne Margaret Harrison, P0 Box 963 ECHUCAVIC 3564 229.53 22953 -Suzanne Margaret Harrison, 8 McIntosh Street ECHUCAVIC 3564 344.31 344.31Susan Thomas-Mitchell, 19Shands Lane NORTH MELBOURNE VIC 3051 285.95 286.9$ -Scott Andrew Feehan, lijagoStreet RICHMOND VIC 3121 9339 9339 -Scott William Murphy, 23 Robertson Road GRACEMERE QJ.D 4702 25,062.94 25,062.94 -15teve & Heather Scroope, 8 Orbel Close HOPPERS CROSSING VIC 3029 480.00 480.00 -tephen John Woodcock, 34 Bracken Place GOLDEN GROVE 5A5125 85.05 85.05 -Stephen Andrew Bolden, 88 Fort Street MARYBOROUGH QW 4650 85.05 9.05 -Particulars ofsecurity (if any)heldofdeficiencyPage 27 of 42

Annexure2 Willmott Forests.Umlted ACN 063 263 650Name and address of debtorAmount owingAmountrealIsableDeficiencyParticulars ofsecurity (if any)heldExplanation ofdeficiencyephen Miul, 34 Victoria Street SMITHFIELD NSW 2164154.14 154.14Stephen Roy Wigzell, P0 Box 230 ALDGATESAS1S4 33,468.18 33,468.18Stephen Zacariah Hilton, 55 Manning Clark Road MILL PARK VIC 3082 34,76535 34,765.35Steven Hardman, 8 Lorlkeet Road MOUNT BARKER 5A5251 66.06 66.06Steven Robinson Jones, 6 La Palma Square SECRET HARBOUR WA 6173 95,073.85 95,073.85Steven John Greenhill, 13/26-28 Wallumatta Road CARINGBAH NSW 2229 40,185.21 40,185.21Steven Petrucci, 112 Holt Road TAREN POINT NSW 2229 2,740.28 2,740.28 -Stuart Reece Pocock, 9 Domain Commons HIGHBURY SA 5089 33,468.18 33,468.18Shallee and (leon Haeusler, 601 Hobbs Road Deticknora Via Bonang Victoria 3888 1,950.00 11950.00Salvador Quite BANKRUPT. SAOrydetsAvenue OAKHURST NSW 2761 89,214.84 89,214.84Shane Undley Waite, 47 Hampden Street FIRLESA5O7O 136.81 156.81-me Euler, 32 Wattle Steet ANDERGROVE OLD 4740 10,612.57 10,612.57Shannon Berardi, 19 Beardmore Cresent DYSARTQLD 4745 21,383.42 21,383.42 -’is Caruso, Uob 251 Stirling Street REOIERN NSW 2016 6,979.13 6,979.13Sandie Velkovska,4FlndonSt HAWTHORN V1C3122 139.19 139.19 -Samuel Stephen Itzcovitz, 2A Bromborough Road ROSEVILLE NSW 2069 77,000.00 77.000 -Simon Williams, do Clsco Systems 9 Mona Road DARUNG POINT NSW 2027 263,444.70 263,444.70 -Simone QuinnelI, 13/26-28 Wallumatta Road CARINGBAH NSW 2229 13,689.99 .....j -Sarah Etcheils, S Unlee Street GIRRAWEEN 145W 2145 28.44 28.44 -Sharon Lee Judd, I Marsh Place CRANEBROOK NSW 2749 66.06UI Pukoati & Valise Pakoatl ’BANKRUPT, 9 Coonawarra Drive ST CLAIR 145W 2759 39,467.43Tnd P HoldIngs Pty Ltd, Mr Thomas Hale 178a Eastern Road WAHROONGA NSW 2076 6,162.07avake Harriss, 34solander Road KINGS LANGLEY NSW 2147 5,464.02TJ Rennaker, 9730 Cypress Point Circle LONE TREE COLORADO USA 80124 45,500.00ui-Akari Pokoati ’BANKRUPT’, Insolvency and Trustee Service Australia P0 Box 10443 BRISBANE VIC 3205 44,864.37 R444,86437asma Services Pty lid, AT FThe Dempsey family Trust 1/67 Canterbury Road CANTERBURY VIC 3126 129.12 2Anne Taicr, Frogs Hollow 2781 Peak View Road JERANGLE NSW 2630 520.00 .0 -Tammy Hunt,5 Mountain Brook Court SAMSONVALE QLO 4520 126.61 126.61 -The Estate of Tim Wayne Winitana, 135 Chiswicke Avenue GREENACRE NSW 2190 611.05 611.05 -Thomas Heath Verco, 72 Castle Street PARKSIDESA 5063 170.11 170.11 -Thomas Putaawa Walker, The Bankrupt Esate of C/-CBS Warner Kugel Anthony John Warner SYDNEY NSW 2001 83,763.63 83,763.63 -moUsy Overend Wood,4 Deanlea Court HAWTHORN EAST VIC 3123 113.41 113.41 -mothyOverend Wood, 9lorrington Place CANTERBURY VIC 3126 56.70 56.70 -Timothy Rollo Harper, 12 Milton Avenue BEAUMONT SA 5066 71.76 71.76 -Terry Shane Forrester, 1 Wisteria Court VICTORIA POINTQLD 4165 80,749.46 80,749.46 -uroa Raniera, 39 Mercury Drive BETHANIA OLD 4205 73,465.07 73,465.07 -roy grown, Level 2 50 ’feo Street NEUTRAL BAY 145W 2089 S,625.13 S,625.13 -Tony Lampard, P0 Box 1725 COORPARROO DC OLD 4151 89.66 89.66 -Trevor Trainor & Robyn Tremor, & Mrs Robyn Trainor8 Bataan Place KINGS PARK NSW 2148 23,519.69 23,519.69errenceTe HiwI, 16 Derby Shire Ave TOONGABBIE 145W 2146 206.04 206.04 -nique Formwork Pty Ltd, Attre Phillip Wharekura 63 Haunsoana Street 2,636,927.28 2,636,927.28Visy Pulp & Paper Pty Ltd, PD Box 98 TUMUT NSW 2720 95,893.65 95,893.65 -aine Unit Pokoati ’BANKRUPT’, Insolvency and Trustee Service Ausralia P0 Box 10443 BRISBANE QID 4000 43,879.44 43,879.44 -Vanessa Savvaldls, 390 Wllllarnstowo Road PORT MELBOURNE VIC 3207 50.00 50.00 -Vincenzo Pagano, 27 Karimbla Road MIRANDA NEW 2228 12,324.1.5 12,324.15 -Wafik Wadee Latlf, 270 Belgrave Esplanade SYLVANIA WATERS NSW 2224 1 1,1S6.051 1,156.051Page 28 of 42

-Annexure 2 Wlllmott Forests Limited ACN 063 263 650Name and address of debtorAmount owingAmountrealisableDeficiencyParticulars of.security (II any)heldExplanation ofdeficiencyaemond Wood (Bankrupt), 22 Ebb Street ASPENDALEVIC 3195 41,700A0 41,700A0Whiteley’s Transport, 484 Cudhewa North Road CUDGEWA NSW 3705 8,123.00 2,123.00William Robert Fleming, 124 Sherborne Court 180 Cromwell Road LONDON UK SWS 051) 1,147.71 1,147.71Willarn Patrick KIng, 9 Lombard Court NARRE WARREN NORTH VIC 3804 358.68 358.68William Dean Powell, 206 Anzac Terrace BASSENDEAN WA 6054 85.05 85.05 -Tracey Lee Wilson, ’Rosebank’ P0 Box 711 EDEN NSW 2551 200.00 200.00Wfllmott Timbers Ltd P0 Box 146 BOMBALA NSW 2632 24,559.34 24,559.34Warren Stanwix, 59 Kattooniba Crescent ROSETTA TAS 7010 15,426.60 16,426.60 -Warren John McNally, 83 PellattStreet REAUMARIS VIC 3193 340.23 340.23"rIte Marree Cherry, 1 Busseli Place BEECH BORO WA 6063 31,237.00 31,237.001 Uang Thang, 19 Lorlkeet Avenue INGLEBURN NSW 2555 60,809.90 60,809.90Provision for doubtful debts (2,393,269.891 - (2,393,269.89kIS Funding No-1 PLY Ltd Cl- Level 14 385 Bourke Street MELBOURNE 3000 223,305.52 223,305.52ixcn Kestles& Co Pty Ltd 161 Park Street VIC 3205 ....i2 103 1656.63 -oFnergy- North Cost Bond LSOD.00 1,800.00IS Funding Nol Ply Ltd C/- Level 14 385 Bourke Street MELBOURNE 3000 38,588.92 38,588.92 -Office of State Revenue 3,781.60 3,781.60Willmott Finance Ply Ltd (Subsidiary -Inter company loan) 249 Park Street, South Melbourne VIC 3205 39.910,671.12 39,910,671.12 -Willmott Forests Products P/L (Subsidiary -Inter company loan) 249 Park Street, South Melbourne VIC 3205 1,474,582.21 1,474,582.21 -Willott Timbers (Subsidiary- Intercompany loan) 249 Park Street, South Melbourne VIC 3205 4,512.40 4,512.40West Asset Management 249 Park Street. South Melbourne VIC 3205 955,000110 965,000.00 -Willmott Energy (Subsidiary - Intercompany loan) 249 Park Street. South Melbourne VIC 3205 2,724,737.78 2,724,737.78 -Willmott Notes Pty Ltd (Subsidiary - Inter company loan) 249 Park Street, South Melbourne VIC 3205 862.00 862.00 -WillmottSubscriberPtV Ltd (Subsidiary-Inter company loan) 249 Park Street, South Melbourne VIC 3205 1,714.19 1,714.19 -Covertable Notes- (Inter group) 249 Park Street, South Melbourne VIC 3205 9,175,999.67 9,175,999.67 -’351 Clearing (Aug 845 refund due) 340,837.01 340,837.01TOTAL 64,119,60482 66,512.874.71 I (2,393,269.89)Signed ...:.2_----Oate L.. ....Page 29 of 42

Annexure 3 WIlImott Forests Limited ACN 063 263 6502.1 Assets not specifically chargedSCHEDULE C - OTHER ASSETSDescription of deposit or investmentCostAmountRealisableDepositsPrepayments - Pink Hygiene Services - Dee 09 to Nov 10 1,300.65Prepayments - Pacific Premium Funding - insurances 87,034.76Prepayments - Technology One Maintenace Fee 16,974.96Prepayments - Growing Timber insurance - WFI. 45,39634Prepayments - GROUP LIFE INSURANCE: 09/10 36,645.48Prepayments - A3P Quarterly Membership 3,233.36Prepayments - Broadform Public & Products Liability Cover 2,610.33Prepayments - SOC Limited Annual Service charge 299.04Prepayments- Building Insurance 1,108.59Prepayments -Compliance Committee Fee (Burke Bond) 3,333.33Prepayments - Plantation Rates 244,972.84Prepayments - Workcover NSW 36,472.11Prepayments - Photocopier - Xerox 21,200.00Prepayments - Boardroom Radio 7,333.33Prepayments - Clean Energy Council Membership 1,900.00Prepayments - ESRI Australia Annual Maintenance - GPS Units 2,111.70Prepayments - Australian Forest Growers Membership 1,295.45 -Prepayments - Forestry Right Fee (Pilot Block) 4,431.38Prepayments - Foresty Right Fee - Wholesale Project 8,869.17Prepayments - Plantation Rates 14,117.93Prepayments - Arborgen - Bare Root Mother PLANT - 22,880.00Prepayments - ASX Annual Listing 23,046.59Prepayments - CFA - Radio Lease 2010-2011 2,400.00Prepayments - 02 Solutions 2,368.05VP Prepaid lease & Managment Fees - Tranche 1 1,823,247.95VP Prepaid Lease & Managment Fees - Tranche 2,1 549,181.02HVP Prepald Lease & Managment Fees - Tranche 2.3 356,307.02HVP Prepaid Lease & Managment Fees - Tranche 2,4 529,634.07VP Prepaid Lease & Managment Fees - Tranche 2.5 1,646,197.04VP Prepaid Lease & Managment Fees - Tranche 3.1 112,156.45VP Prepaid Lease & Managment Fees - Tranche 3.1A 249,694.53VP Prepaid Lease & Managment Fees - Tranche 3.18 984,598.86VP Prepald Lease & Managment Fees - Tranche 3,3 389,268.11VP Prepaid Lease & Managment Fees - Tranche 3.4 589,251.41VP Prepaid Lease & Managment Fees - Tranche 3.48 140,800.40VP Prepaid Lease & Managment Fees - Tranche 3,5 941,791.57VP Prepaid Lease & Managment Fees - Tranche 41A 856,637.79HVP Prepaid Lease & Managment Fees - Tranche 4,113 62,470.42HVP Prepaid Lease & Managment Fees - Tranche 4,1C 3,797,470.96HVP Prepaid Lease & Managment Fees - Tranche 4.3A 242,435.25HVP Prepaid Lease & Managment Fees - Tranche 4.3C 243,556.88 -HVP Prepaid Lease & Managment Fees - Tranche 4.30 1,776,460.80HVP Prepaid Lease & Managment Fees - Tranche 4.40 2,338,289.09HVP Prepaid Lease & Managment Fees - Tranche 4.4C 1,227,996.29HVP Prepaid Lease & Managment Fees - Tranche 4.5A 1,464,761.97HVP Prepaid Lease & Managment Fees - Tranche 4.58 1 64,854.27HVP Prepaid Lease & Managment Fees - Tranche 4.5C 1 223,864.22Page 31 of 42

Annexure 3 Willmott Forests Limited AGN 063 263 650HVP Prepaid Lease & Managment Fees -Trariche 4.5D 1,332,237.42HVP Prepaid Lease & Managment Fees - Tranche 5.11) 2,555,951.46HVP Prepaid Lease & Managment Fees - Tranche 5.21) 1,412,872.13HVP Prepaid Lease & Managment Fees- Tranche 5.31) 1.846,984.54HVP Prepaid Lease & Managment Fees - Tranche 5.40 1,893,762.84HVP Prepaid Lease & Managment Fees - Tranche 5.51) 1,266,470.20HVP Prepaid Lease & Managment Fees - Tranche 5.SC 751,259.16FNSW Prepaid Lease & Managment Fees - FNSW 1 807,643.53FNSW Prepaid Lease & Managment Fees - FNSW 2 1,046,638.73FNSW Prepaid Lease & Managment Fees - FNSW 2.1 1,432,780.60InvestmentsShares in Subsidiary- Willmott Energy 100.00Shares in Subsidiary - Wiilmott Notes PL 100.00Shares In Subsidiary - Willmott Subsdbe 100.00Shares in Subsidiary - Willmott Timbers 13,344,474.61Shares in Subsidiary- BioEnergy Aust. 4,186,871.21Shares in Subsidiary - Willmott Finance 1,854,213.00Shares in Subsidiary - WFIM Pty Ltd 500,100.00Shares in Subsidiary - WFP P/i. 550,000.00Impairment - shares In subsidaries (8,857,823.36)Shares in Subsidiary -90 West Asset Management 50,000.00Investment -90 West Global Basic 315,000.00Units In Timberland #1-at cost 4,234,000.00First Thinnings Purchased 153,441.83Harvest Purchases 2,528,595.91Plantation Forests 9,952,716.08Convertible Notes (inter group) 9,175,999.67Lease & Maintenance Receivables Harvest 21,619,160.56$ 95,156,912 $ -SignedDate ....... ...................1(0........Page 32 of 42

Annexure 4 Willniott Forests Limited ACN 063 263 6502.2 Assets subject to specific chargesSCHEDULE fl - ASSETS cueerrrTn cnrimr rilanisacDescription of assetsDate chargegivenDescription ofchargeHolder of chargeTerms ofrepayment(1) ValuationEstimatedrealisable valueAmount owingunder charge$$Plantation land (MV): Adresley 1 17/03/2009 Mortgage CBA Immediate 546,0001 546,000Plantation Land (MV): Belimolong, Eskett& Murrumbund 1- 3 17/03/2009 Mortgage CM immediate 3,862,000 3,862,000Plantation Land (MV): BIllaroy , 17/03/2009 Mortgage CM Immediate 1,250,000 1,250,000Plantation land (MV): boomsroo 17/03/2009 Mortgage CM Immediate 627,000 000Plantation Land (MV): Broughtons & Goodradigbee 3. & 2 17103/2009 Mortgage CM Immediate 2,955,000 000Plantation Land (MV): Carabost 1 17/03/2009 Mortgage CM Immediate 1,035,000 000Plantation Land (MV): Coppabella Satation & Noonanieena 17/03/2009 Mortgage CM Immediate 7,262,000N7,262,000Plantation Land (MV): Dakota 17/03/2009 Mortgage CBA Immediate 325,000 325,000lantation Land (MV): Dunkirk 17/03/2009 Mortgage CM Immediate 856,000 856,000Plantation Land (MV): Duntulm 1 & 2 17/03/2009 Mortgage CM Immediate 808,000 808,000antatlon Land (MV): Eagle Ridge 17/03/2009 Mortgage CM Immediate 378,000 378,000Plantation Land (MV): Fairfield 1 17/03/2009 Mortgage CM Immediate 1991000 199,000Plantation Land (MV): Fairfield 2 17103/2009 Mortgage CM Immediate 282.000 282.000Plantation Land (MV): Glrrahween 1,2 & 3 17/0312009 Mortgage CM Immediate 2,260,000 2,260,000Plantation Land (MV): Grassciale 17/03/2009 Mortgage CM Immediate 416,000 416,000Plantation Land (MV): Greenlands 17/03/2009 Mortgage CM Immediate 117,000 117,000Plantation Land (MV): Haley Park 17/03/2009 Mortgage CM Immediate 1,181,000 1,18:4000Plantation Land (MV): Humula 1 17/03/2009 Mortgage CBA Immediate 390,000 390,000Plantation Land (MV): Ingieneuk 17/03/2009 Mortgage CBA Immediate 767,000 757,000Plantation Land (MV): Kathlen 17/03/2009 Mortgage CM Immediate 584,000 584,000Plantation Land (MV): Klmberley 1,2 & 3 & Wynwood 17/03/2009 Mortgage CM Immediate 2,210,000 2,210,000Plantation Land (MV): Marjenbar 1-4 17/03/2009 Mortgage CM Immediate 1,912,000 1,912,000Plantation Land (MV): MasonleIgh 17/03/2009 Mortgage CM Immediate 468,000 468,000Plantation Land (MV): Rippling WaterStatlon 17/0312009 Mortgage CM immediate 6,702,000 6,702,000Plantation Land (MV): Smiths 17/0312009 Mortgage CM Immediate 204,000 204,000Plantation Land (MV): Somerset 17/03/2009 Mortgage CM Immediate 403,000 403,000Plantation Land (MV): Springdale 17/03/2009 Mortgage CM Immediate 11010,000 1,010,000Plantation Land (MV): Takajo 1-5 17/03/2009 Mortgage CM Immediate 6,863,000 6,863,000Plantation Land (MV):Taradaie 1 17/03/2009 Mortgage COP. Immediate 911,000 911,000Plantation Land (MV): Tatha 1 & 2 17/03/2009 Mortgage COP. Immediate 202,000 202,000Plantation Land (MV): Wake (Mannus 1 &2) 17/03/2009 Mortgage COP. Immediate 885,000 885,000Plantation Land (MV): Watercreek 1 & 3 17/03/2009 Mortgage CM Immediate 420,000 420,000Plantation Land (MV): Watercreek 2 & 4 1 Angelic 2 17/03/2009 Mortgage COP. immediate 997,000 997.000Plantation Land (MV): Watdebank 1 & 2 17/03/2009 Mortgage CM Immediate 1,522,000 1,522,000Plantation Land (MV): Wee Jasper 17/03/2009 Mortgage CM Immediate 646,0001 546,000Plantation Land (MV): Wyora 1,2 & 3 17/03/2009 Mortgage COP. Immediate 675,0001 675,000Page 33 of 42

Mnexure4 WlIlmott Forests Umited ACN 063 263 650Description of assetsDate chargegivenDescriptionchargeHolder 0!’ chargerepayment(1) ValuationEstimatedrealisable valueAma at owingPlantation Land (NC): BoxhilI 17/03/2009 mortgage CM immediate 111291000 1,129,000Plantation Land (NC): Busby 1 17103/2009 Mortgage CM immediate 944,000 944.000Plantation Land (NC): Camira Creek 17/03/2009 Mortgage CM immediate 1,422,000 1,422,000Plantation Land (NC): Fairview 17/03/2009 Mortgage CM Immediate 959,000 959,000Plantation Land (NC): Geregamw Station 17/03/2009 Mortgage CM Immediate 3,813,000 3,813,000Plantation Land (NC): Highfield 17/03/2009 Mortgage CM Immediate 2,1061000 2,106,000Plantation Land (NC): Jacky Dulbin Station 17/03/2009 Mortgage CM Immediate 2,438,000 2,438,000Plantation Land (NC): Perkins Bridge Road 17103/2009 Mortgage CM Immediate 842,000 842,000Plantation Land (NC): Rocklea 17/03/2009 Mortgage CM Immediate 1,033,000 11033,000Plantation Land (NC): Sandy Creek 17/03/2009 Mortgage CM Immediate 684,000 684,000Plantation Land (NC): Six Mile 17/03/2009 Mortgage CM Immediate 744,000 744,000Plantation Land (NC): Southgate 17/03/2009 Mortgage CBA Immediate 751,000 751,000Plantation Land (NC): Springfield 17/0312009 Mortgage CM Immediate 510,000 520,000Plantation Land (NC): Stormat 17/03/2009 Mortgage CBA Immediate 839,000 839,000Plantation Land (NC): Tatham down 1710312009 Mortgage CM Immediate 3,6901000 3,690,000Plantation Land (NC): Welllngtonvale 17/03/2009 Mortgage CM Immediate 631,000 631,000Plantation Land (NC): Yarras Station 1 & 2 17/03/2009 Mortgage CBA Immediate 6,780,000 6,780,000Plantation Land (NC): Elsworth 17/03/2009 Mortgage CBA Immediate 330,000 330,000Plantation Land (NC): Perkins Bridge Road 2 17/03/2009 Mortgage CM Immediate 497,000 497,000Plantation Land (NT): Racktear 17/03/2009 Mortgage CM immediate 4,342,000 4,342,000Leased Assets Immediate 833,149Less: Accumulated Depreciation Immediate (384,250)Total 86,614,000 86,614,000SignedDate ......Page 34 o142

Annexure 5 Willmott Forests Limited ACN 063 263 6502.3 Less payable in advance of secured creditor(s)SCHEDULE E- CLAIMS BY EMPLOYEESEmployee’s name and address Wages Holiday payLongserviceleaveEstimatedliabilityPhilip Green P0 Box 48 DELEGATE New South Wales 2633 20,457 19,722 40,189Craig Marriott P0 Box 60 BEECH WOOD New South Wales 2446 - 11,333 11,087 22,420Andrew Power 125 Wellington Street BOMBALA New South Wales 2632 - - 3,181 3,181Neville McInnes P0 Box 172 BOMBALA New South Wales 2632 - 8,453 8,276 16,738Kevin Wolfe P0 Box 270 BOMBALA New South Wales 2632 - 4,410 6,298 10,708Angus Mceachern Cullenbengong 145 Wolseley Pk Via TUMBARUMBA New - 26,329 16,913 43,242Scott Kennedy P0 Box 306 TUMBARUMBA New South Wales 2653 - 3,149 5,453 8,601Christopher Anderson 15 Queen Street BOMBALA New South Wales 2632 - 1,139 4,157 5,296Brian Jamieson 9/45 Simpson Parade CASINO New South Wales 2470 - 4,617 4,683 9,300Stephen Klmber Lot l Gun nlngrah Road BOMBALA New South Wales 2632 - 2,312 3,836 6,148Thomas Green PC Box 48 DELEGATE New South Wales 2633 - - - -Ross Sigley 611 The Pocket Road BILLINUDGEL New South Wales 2483 - 51681 - 5,681Toni Smith Lansdowne, Little Plains Road MILA New South Wales 2632 - 3,951 - 3,951Dean Murphy 14 LellanI Close CASINO New South Wales 2470 - - 5,791 - 5,791Anthony Jarvis 6 Brandon Street SUFFOLK PARK New South Wales 2481 - 4,533 - 4,533Dallas Goldspink 910 Courabyra Road COURABYRA New South Wales 2653 - - - -Simon Lovell 16 Moore Street KYOGLE New South Wales 2474 - 811 - 811Quinn Ball 25 Stratton Place WYNDHAM VALE Victoria 3024 - 28,892 19,558 48,450rn Aldous Unit 10, 72-74 HIllcrest Drive WESTMEADOWS Victoria 3049 - - 158 5,569 5,727Lee-Anne Heraudeau 349 Neerlm Road CARNEGIE Victoria 3163 -_- 5,823 5,900 11,724Anne O’Brien 70 Whites Road WERRI8EE SOUTH Victoria 3030 - 16,222 16,872 33,093Man Wilkie 31 Magnolia Avenue BENTLEIGH EAST Victoria 3165 - 8,431 32,821 41,252Bruno Agostinl 63 Donald Street PRAHRAN Victoria 3181 - 4,709 - 4,709Stephen Addlcott 9 Langtree Avenue PASCOE VALE Victoria 3044 - 31,325 - 31,325Anne Budgen Unit 3/34 Herald Street CHELTENHAM Victoria 3192 - 6,597 - 6,597Marlon Daquel 202/33 Cliveden close EAST MELBOURNE Victoria 3002 - 10,131 - 10,131air Smith 215 Langnidge Street ABBOISFORD Victoria 3067 - 5,914 - 5,914Daniel Fowler Unit 6 / 5-7 Alfred Street BEAU MARIS Victoria 3193 - 4,925 - 4,925Grant Rice 76/88 Southbank Boulevard SOUTH BANK Victoria 3006 - 4,277 - 4,277Ryan PhIn 2 Provincial Way CANADIAN Victoria 3350 - 6,643 - 6,643Steve Truong 8 Pinewood Crescent CAIRNLEA Victoria 3023 - 6,619 - 6,619Claudia Mali Unit 26/64 Fitzroy Street ST KILDA Victoria 3182 - 7,838 - 7,838Natalie Stewart 11 Peterlee Court CRAIGIEBURN Victoria 3064Samanta Stefanovlc 145 Rennie Street LARA Victoria 3212 - - - -Adele Peirls 3 Oakleaf Place NARRE WARREN Victoria 3805 - 3,566 - 3,566lisha DI Paola 3.7 Defredericks Road YARRAMBAT Victoria 3091 - 3,475 - 3,475nda Harris 251 Trentham - SpringhuIi Road SPRINCHILL Victoria 3444 - 4,472 - 4,472Rachael Grant 57 Woods Street Ascot Vale Victoria 3032 - 4,198 - 4,198Gideon Meltzer 9 Tantram Avenue ST KILDA EAST Victoria 3183 - 14,207 - 14,207Steven Bennett 18b Wood Street NUNAWADING Victoria 3131 - 11732 - 1,732Rebecca Dixon 5 Memory Court KlI.SYTH SOUTH Victoria 3137 526 - 526Jessica Wemyss SO Rees Road MELTON SOUTH Victoria 3338 - 1.6361 1,636Vanessa Sawaidis 390 Williamstown Road PORT MELBOURNE Victoria 3207 * 406 - 406Marylou Cork 61 Hotham Street PRESTON Vi ctoria 3072 - 1,175 - 1,175Glen Wignatl 120 Rossack Drive WALIRN PONDS Victoria 3216 - 1,663 - 1,663Genevieve Calnan 102 Pascoe Vale Road MOONEE PONDS Victoria 3039 - 885 - 885Antony Spielvogel 7 Baxter Street TOORAK Victoria 3142 - 43,569 104,115 147,683Marcus Derham 24 Somers Avenue MALVERN Victoria 3144 - 73,139 315,268 388,407John Rutledge 14 Northcote Avenue BALWYN Victoria 3103 - 34,681 - 34,681David Smith 27 Berrima Avenue MALVERN EAST Victoria 3145 - 45,623 62,237 107,860Stephen Arrowsmith 16 Barloa Road MONT ALBERT Victoria 3127 - 36,768 43,005 79,773Total - 526,335 688,950 1 1,215,285Signed ...---aDate ... ...........L..’ ............Page 35 of 42

Annexure 6 Wlllmott Forests Limited ACN 063 263 6502.7 Creditors (unsecured)Name and address of creditorSCHEDULE H - UNSECURED CREDITO RSAmount daimedby creditorAmountadmitted asowing$Fuji Xerox Australia Pty Ltd, Credit Department P0 BOX 7062 MELBOURNE VIC 3004 1,349.96 1,349.96Avis Australia, PD Box 246 MASCOT P15W 2020 319.42 319.42Solve Communications, 431-437 CIty Road SOUTH MELBOURNE VIC 3206 112.70 112.70Australia Post, GPO Box 2137 MELBOURNE VIC 3001 618.13 618.13Country Energy, Locked Bag W143 SYDNEY P15W 1292 6,256.30 6,256.30KPMG, P0 Box 2291U Melbourne VIC 3001 15,422.00 15,422.00The Fifth Estate Consultancy Pty Ltd, GPO BOX 5494 SYDNEY NSW 2001 12,213.51 12,213.51Ulley Dawson Solicitors, 9/24 Albert Road SOUTH MELBOURNE VIC 3205 10,217.68 10,217.68Teistra, G P0 Box 9901 MELBOURNE VIC 3001 10,043.24 10,043.24Macspred Pty Ltd, P0 Box 321 Ballarat West VIC 3350 5,523.76 5,523.76Access Self Storage Pty Ltd, 223-225 Normanby Road South Melbourne VIC 3205 11108.00 1,108.00Bombala Council, P0 BOX 105 BOMBALA NSW 2632 91,293.00 91,293.00Regional Publishers Pty Ltd, Accounts Receivable Dept Locked Bag 50 WINDSOR SOUTH DC 2756 80.60Forscl Pty Ltd, Suite4.05 Delhi Corporate 32 Delhi Road NORTH RYDE NSW 2113 2,550.00 2,SSO.00Telstra - Blgpond, GPO Box 9901 MELBOURNE VIC 3001 489.70 4894 Bears Cafe, 32 The Parade TLJMBARUMBA NSW 2653 50.50 50.50Abmarla Pty Ltd, P0 BOX 49 STH GRAFTON NSW 2460 60,430.06 60,430.06African Mahogany (Australia), 101 Rathdowne Street CARLTON VIC 3105 23,321.68 23,321.68ASX Australian Stock Exchange Operation, P0 Box H224 Australia Square SYDNEY P15W 1215 33.56 33.56Ausco Modular Pty Ltd, P0 BOX 81 BERRIMAH NT 0828 1,209.47 1,209.47Australian Securities & Investments Comm, Locked Bag 5000 Glppsland Mall Centr VIC 3841 633.00 633.00AXA Super Directions Personal Super Plan, AXA Super Directions Personal Super P0 Box 14330 MELBOURNE VIC 8001 986.55 986.55Australian Super, GPO Box 10111 MELBOURNE VIC 3001 580.50 580.S0Accountants Super, GPO Box 3607 MELBOURNE VIC 3001 917.30 917.30Agriforest Services, PC Box 62 Batlow NSW 2730 23,189.001 23,188.00Asgard, PC) Box 7490 Cloisters Square PERTH WA 6850 893.48 893.48Aistonvllle Cleaning Service, 11 Cedar Court ALSTONVILLE NSW 2479 330.00 33100AON Benfield Limited, Level 29 Mn Tower 201 Kant Street Sydney P15W 2000 19,470.00 19,470.00AMP Custom Superannuation, 26,829.40 26,829.40AMP Ufe Limited - SuperLeader, Locked Bag 5095 PARRAMATrA NSW 2124 882.69 882.69Anstat Pty Ltd, 224-226 Normanby Road SOLJTHBANK VIC 3006 7,839.30 7,839.30 1American Express, GPO Box 3757 Sydney NSW 2001 8,098.46 8,098.46Arborgen Australia, 125 Drapers Road COLAC VIC 3250 259,713.23 259,713.23Armstrong Partners (Aust) Pty Ltd, P0 Box 86 SOUTH MELBOURNE VIC 3205 37,400.00 37,400.00BCA Check Pty Ltd, Po Box 375 Lennox Head P15W 2478 1,980.00 1,980.00BI & NJ Penson, 257 Right Bank Road BELMORE RIVER NSW 2440 7,999.20 7,999.20BUCKLEYS WEED SPRAYING, Clark Street NIMMITABEL NSW 1,620.00 1,620.00Veda Advantage (BAYCORP), P0 Box 967 NORTH SYDNEY NSW 2059 100.101 100.101Reason fordifference betweenamount claimedand admitted (ifanvPage 36 of 42

Annexure 6 Wliimott Forests Limited ACN 063 263 650Name and address of creditorAmount dalmedby creditorAmountadmitted asowing$Blockout Blinds Pty Ltd, P0 Box 661 Brantford Square V1C 3131 150.00 150.00mbaia Electrical & Hardware, 119 Maybe Street BOMBALA NSW 2632 13.75 13.75OMBALA SHIRE COUNCIL- RENT, Caveat Street BOMBALA NSW 2632 (1,650.00) (1,650.00)Bmbala Discount Tyres, 178 Maybe Street BC)MBALA NSW 2630 90.00 90.00Burke Bond Corporate Pty Ltd, Level 4/150 Albert Road SOUTH MELBOURNE VIC 3001 16,500.00 16,500.00Broadway Plantscapers- indoor Plant Hir, PC Box 6 ELW000 VIC 3184 224.40 224.40CH Australia Ltd, GPO Box 4069 SYDNEY NSW 2001 286.00 286.00CFA Gippsland Area, P0 BOX 1212 SALE V1C 3850 2,640.00 2,640.00Colonial First State First Choice, do Colonial First State First Choice 12 Churchill Court EAST BRIGHTON VIC 3187 983.35 983.85Cnsmo Cafe, 133 Maybe Street flombala NSW 2632 14.10 14.10Casino Rural Traders, P0 BOX 583 CASINO NSW 2470 368.72 368.72Casino Crane Truck Hire, 20 Murphys Lane YORKLEA 145W 2470 519.75 519.75City Toyota, 259 Keen Street LISMORE NSW 2480 2 1258.00 2,258.00Citeq GPO Box 279 BRISBANE QW 4001 52.78 52.78tylink, Locked Bag 28 SOUTH MELBOURNE VIC 3205 648.58 648.58’cott Engineering T/ACottrell Motors, 170 Maybe Street BOMBALA NSW 2632 4,046.49 4.046.49Caltex Petroleum Services Pty Ltd, P0 BOX 371 MELBOURNE VIC 3194 11,941. 11,941.45Colonial First State Personal Super-, do Colonial First State Personal Super 14 Northcote Avenue BALWYN VIC 3103 2,884.59 2,884.59carView Retirement Solutions, GPO Box 3382- Reply Paid SYDNEY 145W 2001 598.85 598.85Clarence Valley Council, Locked Bag 23 GRAFTON NSW 2460 8,064.00 8,064.00Clarence Valley Fire Control Centre, Ii. River Street ULMARRA NSW 2474 100.00 100.00Country Fire Authority (CFA), Units 2 & 3,59 King Street BENOIGO VIC 3550 2,640.00 2,640.00Car Sound Fx, 1/171A Centre Street CASINO NSW 2470 270.00 270.00CraIg Marriott,187.00 187.00Crossing Works Ground Management & Contractors, PD BOX 1115 BUDERIM QJ.0 4556 29,024.18 29,024.18hristopher Etienne, Demestre 2 Agincourt Road LONDON UNITED KINGDOM NW3 21RD 483.26 483.26Charter-Security, 65 Palmerston Crescent SOUTH MELBOURNE V1C 3205 88.00 88.00Charterhouse Partnership, Level 38530 Collins Street Melbourne VIC 30001,688.50 1,688.50Department of Lands, PC BOX 2155 DANGAR NSW 23091,669.00 1,669.00Day’s Machinery Centre Pty Ltd, 166-172 Walker Street CASINO NSW 24702,915.00 2,915.00Dixon Kestles & Co Pty Ltd, 161 Park Street South Melbourne VIC 320542,653.58 42,653.58ataBank Technologies Pty Ltd, P0 Box 984 CHATSW000 NSW 2057297.07297.07Delegate Cafe, 64 Bombaia Street DELEGATE NSW 263332730327.S0Delegate General Store / ISA Delegate, P0 BOX 21 DELEGATE 145W 2633375.4537S.4SiLeone Cafe, 78 Centre Street CASINO NSW 2470244.45244.4SDan Forster Design, 6 Nymph Street Mitcham Victoria 31327,012.50 7,012.505,376.93 5,376.93Dominion Superannuation Master Trust, Locked Bag 1000 WOLLON(3014G NSW 2500!rtyhands Waste Management Pty Ltd, P0 Box 4 Carnegie VIC 3163369.00369.01,532.90 1,532.90,Ellesmere Products, 5 Parkes Road CONDOBOLIN NSW 2877Emergency Services & State Super, GPO BOX 1974 MELBOURNE VIC 3001778.86 778.86Reason fordifference betweenamount claimedand admitted (If11anylPage 37 of 42

Annexure6 Willrnott Forests Limited ACN 063 263 650Name and address of creditorAmount claimedby creditorAmountadmitted asowing$$Errand Transport Services Pt, Ltd, P0 Box 126 SOUTH OAKLEIGH VIC 3167 31.76 31.76Fast Track (Australia) Pty Limited, P0 BOX 7077 GOLD COAST MAIL CENT QLO 9726 2,150.50 2,150.50Foodworks Bangalow, 3/2 Byron Street BANGALOW NSW 2479 619.23 619.23Forests NSW, P0 BOX 100 BEERCROFT NSW 2119 48,514.81 48,514.81Forest Data Pty Ltd, P0 BOX 382 NAM BUCCA HEADS NSW 2448 9,523.20 9,523.80First Minutes Pty Ltd, 216 South Pine Road ENOGGERA QJ.D 4031 617.27 617.27Forest and Wood Products Association, 1-9 Gold Street COU.INGW000 VIC 3066 1230 12.50First State Super, P0 Box 1229 WOLLONGONG NSW 2500 1,107.70 1,107.70Fraser Coast Regional Council, PO BOX 1943 HERVEY BAY NSW 4555 4,173.00 4,173.00Forward Office Supplies Pty Ltd, P0 Box 515 Coorparoo QID 4151 309.10 309.10GH Undsay Earthmoving Pty Ltd, 1184 Toms Creek Road TOMS CREEK NSW 2446 2,694.76 2,694.76Gideon & Nikki Meltzer Superannuation Account, 9 Tantram Avenue ST KILDA EAST VIC 3183 2,884.59 2,884.59GL& CA Murphy, 375 Perkin’s Bridge Road TAThAM NSW 2470 170.50 170.50Grace Records Management (Australia), 9 Hepher Road CAMPBELLTOWN 145W 2560 268.76 268.76GRC Plantation Services, Stray Creek C/- PMB 300 WINNEWE NT 0822 1,679.15 1,679.15Grace Removals Group, Locked Bag 2010 SEVEN HILLS NSW 1730 278.33 27833Greater Hume Shire Council, GPO BOX 4690 SYDNEY NSW 1031 45,363.00 45,363.00GREEN, PHILIP, 456.70 456.70Grand Ridge Plantations, SO Northways Road Churchill VIC 3842 74,142.76 74,142.76Hancock Victoria Plantations, P0 Box 534 MELBOURNE VIC 8007 33S,808.20 335,808.20HOSTPLUS, Locked Bag 3 CARLTON SOUTH VIC 3053 1,211.55 1,211.55Hastings Co Operative Ltd, PC Box 354 WAUCHOPE NSW 2446 84,254.70 84,254.70HT DAMES SUPERANNUATION FUND, 4,038.45 4,038.45Hallmark Hire Cars, P0 Box 126 South Melbourne V1C 3205 189.60 189.60Hamilton Agricultural, P0 BOX 764 CASINO 145W 2470 30,274.75 30,274.75Hammonds Hardware, 37 The Parade Tumbarumba NSW 2653 1 1918.80 1,918.80IQOF Global One Retirement Solutions, GPO Box 264 MELBOURNE VIC 3001 2,381.80 21381.80Internode Systems, P0 Box 284 Rundle Mall ADELAIDE SA 5000 7,399.66 7,399.66JWH SUPERANNUATION, 830.76 830.76J Blackwood & Son, Krauss Avenue USMORE 145W 2480 (332.45) (332.45)J.l. & F.B. Ratcliffe, P0 BOX 30 BOMBALA NSW 2632 217.80 217.80JHA Recruitment and Staff at Work, 7 Kingsley Street BYRON BAY NSW 2481 339.97 339.97John Rutledge, 338.56 338.S6Jamieson & Brownlle Logging Pty Ltd, PD Box 44 Delegate 145W 2633 15,000.00 15,000.00Kyogle Council, P0 BOX 11 KYOGLE 145W 2474 21601.00 2,601.00Katerina Kumala, 2300 Richmond Avenue Apartment 418 HOUSTON TEXAS 77098 5.05 5.05Kooyong Cellars, 473 Glenferrle Read KOOYONG VIC 3144 267.89 267.89Kiersty Garbett, 121 George Street FITZROY VIC 3065 139.98 1 139.98Leacare, P0 Box 17 ABBOTSFORD VIC 3067 2,850.001 21850.00Unk Market Services, P0 Box 20013 WORLD SQUARE 145W 2002 4,154.401 4,154.40Reason fordifference betweenamount claimedand admitted (IfnvPage 38 of 42

Annexure 6 Wfllmott Forests Limited ACN 063 263 650Name and address Or creditorAmount claimedby creditorAmountadmitted asowingReason fordifference betweenamount claimedand admitted (IfLonsec Limited, P0 Box 46 Collins Street West MELBOURNE VIC 8007 191800.00 19,800.00Lanson Trading, 77 North Street CASINO NSW 2470 79330 793.50Land and Property Management Authority, P0 Box 2155 DANGAR NSW 2309 6,753.40 6,753.40Landmark Bombala - Delegate, 149-1S1 Maybe Street BOMBALA NSW 2632 1,586.09 1,586.09Lord Howe Island Board, 374.68 374.68MH EVANS, 7 McIntosh Street Huntingdale VIC 3166 507.10 507.10M.H. Evans, 7 McIntosh Street HUNTINGOALE VIC 3166 33.00 33.00Michael Page International, Level 9,79 George Street Parramatta NSW 2150 3,150.52 3,150.52Macquarie Super Manager, P0 Box N498 GROSVENOR PLACE NSW 1220 1,454.08 1,454.08Michael Dickson, 1 Hird Place PAI.MYRA WA 6082 23.76 23.76Makejev Fencing, 471 Johns Road Haystack OLD BONALBO NSW 2469 113,555.25 113,555.25Michael Wakefield, 451 Klndee Road KINDEE NSW 2446 198.00 198.00Maslen Contractors Pty Ltd, P0 BOX 3018 MAU.ANGANEE P45W 2469 3,630.00 3,630.00Media Monitors Australia Pty Ltd, P0 Box 2110 Strawberry Hills NSW 2012 559.83 559.83Marcus Derham, 163.50 163.50Matthew Ironside and Louise Ironside, 12 Jodie Place QUAKERS HILL NSW 2763 179.30 179.30OSSA Services Pty ltd, Level 1310-16 Queen Street MELBOURNE VIC 3000 239.25 239.25MARCUS DERHAM SUPERANNUA11ON, Superannuation 2,884.59 2,88449Mall Plus Port Phillip, GPO BOX 586 SYDNEY P45W 2001 40140 401.5Maliesons Stephen Jaques, Level 50, Bourke Place 600 Bourke Street MELBOURNE VIC 3000 63,566.80 63,566.80Mark Fletcher, 23 CIonag Street BRIGHTON EAST VIC 3187 3,912.63 3,912.63Neville Franklin Electrical, 3 Grossmlchei Road Korora P45W 2450 3,062.40 3,062.40Neverfall Sprinwater Limited (VIC), GPO BOX 145 SYDNEY NSW 2001 166.12 166.12Neverfall Springwater Ltd (NSW), P0 Box 786 WENTWORTHVILLE NSW 2145 25.40 25.40NSW Irrigators’ Council, P0 Box R1437 ROYAL EXCHANGE NSW 1225 66.00 66.00P45W Department of Industry & Investment, Unit 3556 Macauley Street Albury NSW 2640 500.00 500.00Naked Windows, P0 Box 5045 SOUTH MELBOURNE MC 3205 50.00 50.00Neals Transport Pty Ltd, P0 Box 360 CoIacVIC 325064,007.76 64,007.76North East Agricultural Services, 284 Cowlong Road MCLEANS RIDGES NSW 2480 7,309.50 7,309.50Northern Territory Government, GPO Box 530 DARWIN NT 0801 63.35 63.35NORTHERN SONGS SUPERANNUATION FUND,1,038.45 1,038.45Narromine Transplants Pty Ltd, P0 BOX 123 NARROMINE NSW 2821180,463.55 180,463.55Office Choice South Melbourne, 500 City Road P0 Box 99 SOUTH MELBOURNE VIC 3205 398.86 398.86Office State Revenue - NSW,7,94252 7,942.52Office Experts, P0 Box 927 BALLINA NSW 2478311.75 311.75Origin Energy, P0 Box 14799 MELBOURNE VIC 800111,553.32 11,553.32Port Macquarie - Hastings Council, P0 Box 84 PORT MACQUARIE NSW 244481688.00Pink Hygiene Solutions, P0 Box 6806 SILVERWATER NSW 1811 (753.12) (753.12)Point Carbon, P0 BOX 7120 ST OLAV OSLO 0130Professional Cleaning Supplies, 283 High Street KEW VIC 31019,999.991272.0019,999.99272.00Page 39 of 42

Annexure 6 Wlllmott Forests Limited ACN 063 263 650Name and address of creditorAmount claimedby creditorAmountd mi.tte d asowing$$QBE Workers Compensation (VIC) Ltd. GPO Box 4725 Melbourne VIC 3001 13,240.78 13,240.78R & H Rhodes, Rising Sun Road BONANG VIC 3888 252.00 252.00Ri Leckie Forest Mgt, P0 Box 98 Wagga Wagga NSW 2650 17,861.54 17,861.54RAYKAYE Superannuation Fund, 23 The Esplanade GEELONG VIC 3220 830.76 830.76RS & iCP Dodwell, ’Wattlebank’ Lower Bago Road TUMBARUMBA NSW 2653 20.69 20.69RS Dodwell Pty Ltd. ’Ridling Waters TUMBURUMBA 2,695.00 2,695.00REST Superannuation, P0 Box 350 PARRAMATTA NSW 2124 778.85 778.85Recall - Secure Destruction Services, P0 Box 634 VIrgInia QL.D 4014 840.17 840.17Richmond Valley Council, LOCKED BAG 10 CASINO NSW 2470 11,853.00 11,853.00Regional Development Australia- Murray, Suite 3/429 Swift Street Albury NSW 2640 1,100.00 1,100.00Radiata Pine Breeding Company Ltd, P0 BOX 1127 ROTORUA 4,913.32 4,913.32The RDL Superannuation Fund, 7 (3reenview Way POINT COOK VIC 3030 698.65 698.65Randstad Recruitment Pty Ltd, Level 7525 Collins Street Melbourne VIC 3205 944.72 944.72Flume Uvestock Health and Pest Authority, 462 Wagga Road Lavington NSW 2641 8,197.97 8,197.97SAl Global Umited, GPO Box 5420 Sydney NSW 2001 1,209.99 1,209.99S. Freer & A. Budgen Superannuation Fund, Attention: Anne Budgen 3/34 Herald Street CHELTENHAM VIC 3192 893.07 893.07Savvaldls Family Superannuation Fund, 390 Williamstown Road PORT MELBOURNE VIC 3207 488.07 488.07SPIELVOGEL, ANTONY, (153.00) (153.00)5&G Agricultural, 185 Tatham - Greenridge Road GREENRIOGE NSW 2471 57,172.51 57,172.51South Melbourne Newsagency, 358 Clarendon Street South Melbourne VIC 3205 182.64 182.64South East Printing Pty Ltd, PD Box 1139 COOMA NSW 2630 616.00 616.00Sd Logistics, 117 Wharf Street BROADWATER NSW 2472 2,008.60 2,008.60State Revenue Office -VICPayroll Tax, 505 Little Collins Street MELBOURNE VIC 3001 33,788.77 33,788.77Office of State Revenue - 0J.D, GPO Box 2248 BRISBANE QLO 4001 12,500.00 12,500.00Recruitment Super, GPO Box 4839 MELBOURNE VIC 3001 2,305.17 2,305.17Simply Spring Water Pty Ltd, 22 Sinclair Street BERMAGUI NSW 2546 80.00 80.00Sunsuper Superannuation Fund, GPO Box 2924 BRISBANE QLD 4001 858.12 858.12Sinclair Knight Merz, 590 Orrong Road Armadale V1C 3143 8,047.60 8,047.Suncorp Easy Super, Attention: Toni Smith ARAWEN BOMBALA NSW 2632 726.93 726.93Simon Lovell, 160.55 160.55The Printer Wizards Wagga, 49A Berry Street Wagga Wagga NSW 2650 345.00 345.00The Phin Superannuation Fund, PC Box 1787 BAKERY HILL VIC 3354 2,263.86 2,263.86The lismore Dinic, 185 Moiesworth Street Usmore NSW 2480 289.15 289.15Twopeegees Super Fund, P0 Box 48 DELEGATE NSW 2633 2,315.76 2,315.76Tasco, 1 Sandy Lane Bombala NSW 2632 366.96 366.96TASPLAN, GPO BOX 1547 HOBART lAS 7001 969.24 969.24Toll Priority, GPO BOX 210 MELBOURNE V1C 3001 42.78 42.78Telstra Fleetcoms Service, GPO Box 9901 MELBOURNE VIC 3001 2,677.47 2,677.47Tumbarumba Post Office, 55 Murray Street Tumbarumba NSW 2653 93.27 93.27Tumbarumba Foodwarks, 27 Bridge Street Tumbarumba NSW 2653 1,2SL34 1,251.34Reason fordifference betweenamount claimedand admitted (IfanyiPage 40 of 42

..Annexure6 WIllmott Forests limited ACN 063 263 650Name and address of creditorAmount claimedby creditorAmountadmitted asowing$$Tumbarumba Auto, 60 The Parade TUMBARUMBA NSW 2653 54.40 54.40umbarumba Shire Council, P.O. Box 61 TUMBARUMBA NSW 2653 26,304.15 26,304.15iwong Shire Council, P0 Box 55 TALLANGATA VIC 3700 1,057.80 1,057.80nmut Shire Council, GPO BOX 4690 SYDNEY NSW 1031 17,955.00 17,955.00OWERUFE Superannuation, 463.77 463.77Usufruct Forest Enterprises Pty Ltd, P0 Box 375 BEACONSFIELD VIC 3807 22,943.90 22,943.90ennetts Steel / Vatloch Pty Ltd f/as, 6 Industry Street WAUCHOPE NSW 2446 224.90 224.90omos Lawyers, Level 1.5 Belmore Street Burwood NSW 2134 20,367.90 20,367.80Wiporle Rural Fire Brigade, C/- Stratheden Street KYOGLE NSW 2474 10D.00 100.00Wagga Wagga City Council, Revenue Section P0 Box 20 Wagga Wagga NSW 2650 3,888.00 3,888.00Whitbread Automotive, 84 Elbow Street KEMPSEY NSW 2440 295.30 295.30Women In Finance Queensland, GPO Box 1673 BRISBANE QLD 4001 45.00 45.00Wire IT, P0 Box 1023 Mounatin Gate Vic 3156 53330 533.50Wormald, Unit 5/295 Copland St WAGGA WAGGA NSW 2650 110.00 110.00yass valley council, P0 Box 10 YASS NSW 2582 2,946.00 2,946.00Harvesting - Bendoc2 5,155.75 5,1.55.75Harvesting - Bendoc 1 5,473.52 5,473.52Harvesting - Bendoc 3 (2,971.73) (2,971.73)Harvesting - Bendoc 4A 8,151.77 8,151.77Harvesting - Bendoc 5 161,766.81 161,766.814,805.15 4,805.15Harvesting- Bendoc7Harvesting - Delegate 1-4Harvesting - Bendoc 613,848.32(5,072.98)15,848.32(5,072.98)Grower insurance proceeds - yet to be distributed 1,645,289.01 1,645,289.01Reason fordifference betweenamount claimedand admitted (ifWitlmott Subscriber (inter company loan)Other Creditors - FBI (ATO)120,000,000.00 120,000,000.0017,508.00 17,508.00Other Creditors - Balance of External Comm FY08 (Trailing Commissions) 358,680.00 358,680.00Other Creditors - Seedling CostOther Creditors - Interest Margin Shortfall (CBA)Other Creditors - WA Payroll Tax AccrualOther Creditors -WA Payroll Tax AccrualOther Creditors - Accrued Interest on Syndicated FacilityOther Creditors - Balance of External Comm FY09 (Trailing Commissions)1,295,960.46 1,295,960.4629,885.71 29,885.718,450.70 8,430.70696.35696.551,553,581.31777,740.001,553,581.31777,740.00Page 41 of 42

Annexure6 - Willmott Forests Limited AM 063 263 650Name and address of creditorAmount claimedby creditorAmountadmitted asowing$$Other Creditors - Balance of External Comm FY10 (Trailing Commissions) 147,150.00 147,150.00Other Creditors - Unpresanted Cheques_Refund of Insurance 7,288.47 7,288.47Perpetual Income Exchange Securities 8,467.930.00 8,467,930.00Interest SWAPS - CBA Trade 226925 438,350.00 438,350.00Interest SWAPS - CBA Trade 268961 248,005.00 248,005.00Interest SWAPS - CBA Trade 268974 78,725.00 78,725.00Interest SWAPS - CBA Trade 275800 333,195.00 333,195.00Interest SWAPS - St George IRS 46182 36,694.13 36,694.15Interest SWAPS - St George IRS 46183 93,703.83 93,703.83Interest SWAPS - St George IRS 46419 121,980.03 121,980.03Manuel Augusto Rodrigues Fernandes (Comara Station) 7.800,000.00 7,800,000.00Total 145,945,580.94 145,945,580.94SignedDate ....,::: 4~...I ...... -IReason fordifference betweenamount claimedand admitted (IfPage 42 of 42

(I rIN THE FEDERAL COURT OF AUSTRALIAVICTORIAN DISTRICT REGISTRYNo.ofIN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERS APPOINTED)(ADMINISTRATORS APPOINTED)ACN 063 263 650IN ITS PERSONAL CAPACITY AND IN ITS CAPACITY AS RESPONSIBLE ENTITY OFEACH OF THE MANAGED INVESTMENTS SCHEMES LISTED IN SCHEDULE I AND INITS CAPACITY AS MANAGER OF THE UNREGISTERED MANAGED INVESTMENTSCHEMES LISTED IN SCHEDULE 2First PlaintiffCERTIFICATE IDENTIFYING EXHIBITCRAIG DAVID CROSBIESecond PlaintiffIAN MENZIES CARSONThird PlaintiffThis is the exhibit marked ’CDC-3" now produced and shown to Craig David Crosbie at thetime of swearing his affidavit on 25 November 2010.Before me: ....................DANIEL JOSEPH BRIGGSArnold Bloch LelblerLevel 21,333 Collins StreetMelbourne 3000An Austmhan Legal Practitioner within themeaning of the Legal Profession Act 2004Filed on behalf of the PlaintiffsARNOLD BLOCH LEIBLERDX 38455 MelbourneLawyers and Advisers Tel: 9229 9999Level 21 Fax: 9229 9900333 Collins Street Ref. 01-1565015Melbourne 3000(Leon Zwier)

IN THE FEDERAL COURT OF AUSTRALIAVICTORIA DISTRICT REGISTRYGENERAL DIVISIONNo: (P)V1D836/2010COMMONWEALTH BANK OF AUSTRALIA ACN 123 123 124First PlaintiffST GEORGE BANK, A DIVISION OFWESTPAC BANKING CORPORATION ACN 007 457 141Second PlaintiffAVITUS THOMAS FERNANDEZFirst DefendantWILLMOTF FORESTS LTD (RECEIVERS AND MANAGERSAPPO1NTED)(ADMINISTRATOR APPOINTED) ACN 063 263 650Second DefendantWILLMOTF FINANCE PTY LTD (RECEIVERS & MANAGERSAPPOINTED)(ADMINSTRATOR APPOINTED) ACN 081274811Third DefendantWILLMOTT FOREST PRODUCTS PTY LTD (RECEIVERS & MANAGERSAPPOINTED)(ADMINSTRATOR APPOINTED) ACN 103 019 094Fourth DefendantWILLMOTT FORESTS INVESTMENT MANAGEMENT PTY LTD (RECEIVERS &MANAGERS APPOINTED)(ADMINSTRATOR APPOINTED) ACN 098 718 837Fifth DefendantWILLMOTT FOREST NOMINEES PTY LTD (RECEIVERS & MANAGERSAPPOINTED)(ADM1NSTRATOR APPOINTED) ACN 085 588 772Sixth DefendantWILLMOTT ENERGY PTY LTD (RECEIVERS & MANAGERSAPPOINTED)(ADMINISTRATOR APPOINTED) ACN 130 251 759Seventh DefendantWILLMOTr NOTES PTY LTD (RECEIVERS & MANAGERSAPPOINTED)(ADMINSTRATOR APPOINTED) ACN 134 963 036Eighth DefendantWILLMOTT SUBSCRIBER PTY LTD (RECEIVERS & MANAGERSAPPOINTED)(ADM1NSTRATOR APPOINTED) ACN 134 963 027Ninth DefendantBIOENERGY AUSTRALIA PTY LTD (RECEIVERS & MANAGERSAPPONTED)(ADMINSTRATOR APPOINTED) ACN 096 335 901Tenth DefendantBIOFOREST LTD (RECEIVERS & MANAGERS APPOINTED)(ADMINISTRATORAPPOINTED) ACN 096 335 876Eleventh Defendant

ORDERJUDGE:Justice FinkelsteinDATE OF ORDER: 26 October 2010WHERE MADE:MelbourneUPON:IAN MENZIES CARSON and CRAIG DAVID CROSBIE by their Counselundertaking that they will not, except with the leave of the Court, retain or appoint:(a) as their solicitors in their capacity as administrators of any of thesecond to eleventh defendants, or(b) as the solicitors for any of the second to eleventh defendants, any firmwhich is on the panel of solicitors of either of the plainitffs.THE COURT ORDERS THAT:1. The first respondent be removed as the administrator of each of the second to eleventhdefendants and Ian Menzies Carson and Craig David Crosbie be appointed as the jointand several administrators of each of the second to eleventh defendants.2. Pursuant to section 447A of the Corporations Act 2001 (Cth), Part 5.3A of the Act bevaried in relation to each of the second to eleventh defendants such that the remunerationof Ian Menzies Carson and Craig David Crosbie isas the administrators of the second toeleventh defendants is, subjecte to a contrary order, to be determined by the Court.3. Ian Menzies Carson and Craig David Crosbie be added as respondents to the firstdefendant’s interlocutory process dated 1 October 2010 and the title to the interlocutoryprocess be amended accordingly.4. The period within which the meeting of the creditors of each of the second to eleventhdefendants must be convened be extended to and including 13 December 2010.5. The interlocutory process dated 11 October 2010 filed by Kay Letson and Jokamon PtyPty Ltd be adjourned to a date to be fixed.6. The proceeding be adjourned to a date to be fixed.7. There be liberty to apply.8. Costs be reserved.

IN THE FEDERAL COURT OF AUSTRALIAVICTORIAN DISTRICT REGISTRYNo.ofIN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERS APPOINTED)(ADMINISTRATORS APPOINTED)ACN 063 263 650IN ITS PERSONAL CAPACITY AND IN ITS CAPACITY AS RESPONSIBLE ENTITY OFEACH OF THE MANAGED INVESTMENTS SCHEMES LISTED IN SCHEDULE I AND INITS CAPACITY AS MANAGER OF THE UNREGISTERED MANAGED INVESTMENTSCHEMES LISTED IN SCHEDULE 2First PlaintiffCERTIFICATE IDENTIFYING EXHIBITCRAIG DAVID CROSBIESecond PlaintiffIAN MENZIES CARSONThird PlaintiffThis is the exhibit marked "CDC4" now produced and shown to Craig David Crosbie at thetime of swearing his affidavit on 25 November 2010.Before 2~3~........DANIEL JOSEPH BRIGGSArnold Bloch LelbierLevel 21,333 Collins StreetMelbourne 3000An Australian Legal Practitioner within themeaning of the Legal Profession Act 2004Filed on behalf of the PlaintiffsARNOLD BLOCH LEIBLERDX 38455 MelbourneLawyers and Advisers Tel: 9229 9999Level 21 Fax: 9229 9900333 Collins Street Ref: 01-1565015Melbourne 3000(Leon Zwier)

IN THE FEDERAL COURT OF AUSTRALIAVICTORIAN DISTRICT REGISTRYNo.ofIN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERS APPOINTED)(ADMINISTRATORS APPOINTED)ACN 063 263 650IN ITS PERSONAL CAPACITY AND IN ITS CAPACITY AS RESPONSIBLE ENTITY OFEACH OF THE MANAGED INVESTMENTS SCHEMES LISTED IN SCHEDULE I AND INITS CAPACITY AS MANAGER OF THE UNREGISTERED MANAGED INVESTMENTSCHEMES LISTED IN SCHEDULE 2First PlaintiffCERTIFICATE IDENTIFYING EXHIBITCRAIG DAVID CROSBIESecond PlaintiffIAN MENZIES CARSONThird PlaintiffThis is the exhibit marked "CDC-S" now produced and shown to Craig David Crosbie at thetime of swearing his affidavit on 25 November 2010.Before me:c 7*_r7/..DANIEL JOSEPH BRIGGSArnold Sloth Leib4erLevel 21,333 Collins StreetMelbourne 3000An Australian Legal Practitioner within themeaning of the Legal Profealon Act 2004Filed on behalf of the PlaintiffsARNOLD BLOCH LEIBLERLawyers and AdvisersLevel 21333 Collins StreetMelbourne 3000DX 38455 MelbourneTel: 9229 9999Fax: 9229 9900Ref: 01-1565015(Leon Zwier)

ThE AUSTRALiAN, PR1DAY NOVEMBER 12, 2010.2 6 rIwwwtlLeauStr*lIafl eOm.1/bUSfl$A.,$t: :. .kr.bcf..-.;. : 1 . .. : .I2’4I $ IIt ,I c: MlIorthIIIanarflMNotCOhlpÆflIOS(’the Groupie caforŒkprØsSkfl8 of 1nterot In any ofPNFthefoflpwLflg> AssUttheObHgaI1OflS,łf Respor$IbIiE1ItY1Mafla9 8r or:.,any orpflt anage tnvS rth1es schiłV> sir thr of tisin$ 7l> RØca f$atinof the)ja: : >2010.teTo itheLevel 21, ’181 William Street, Melbourt +61 3 9269 4000 f +61 3 9269 -4099The12t(bv1Fri+AMkW4kkJ T

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IN THE FEDERAL COURT OF AUSTRALIAVICTORIAN DISTRICT REGISTRYNo.ofIN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERS APPOINTED)(ADMINISTRATORS APPOINTED)ACN 063 263 650IN ITS PERSONAL CAPACITY AND IN ITS CAPACITY AS RESPONSIBLE ENTITY OFEACH OF THE MANAGED INVESTMENTS SCHEMES LISTED IN SCHEDULE I AND INITS CAPACITY AS MANAGER OF THE UNREGISTERED MANAGED INVESTMENTSCHEMES LISTED IN SCHEDULE 2First PlaintiffCERTIFICATE IDENTIFYING EXHIBITCRAIG DAVID CROSBIESecond PlaintiffIAN MENZIES CARSONThird PlaintiffThis is the exhibit marked "CDC-6" now produced and shown to Craig David Crosbie at thetime of swearing his affidavit on 25 November 2010.Before mer7..........DANIEL JOSEPH BRIGGSArnold Bloch LeiblerLevel 21,333 Collins StreetMelbourne 3000An Australian Legal Practitioner within themeaning of the Legal Profession Act 2004Filed on behalf of the PlaintiffsARNOLD BLOCH LEIBLERLawyers and AdvisersLevel 21333 Collins StreetMelbourne 3000DX 38455 MelbourneTel: 9229 9999Fax: 9229 9900Ref: 01-1565015(Leon Zwier)

Sent: Tuesday, 23 November 2010 12:49 PMTo: Michael CarmodySubject: FW: Wllimott Forests (in Administration) - 2010/11 Fire Season PreparednessMichael,Confirmation from Agricola as discussed.RegardsPaul KaiserCEOKing Insurance Brokers Pty LtdAFSL 231093Phone 9818-8026 Fax 9818-8027Email paukkinpbrokers.com.auFrom: Bernie Mayers (mailto:BMayers@agricola.com.au3Sent: Tuesday, 23 November 2010 12:42 PMTo: Paul KaiserSubject: Wiflmott Forests (In Administration) - 2010/11 Fire Season PreparednessDear PaulFollowing the recent review of fire season preparedness within the Willmott estate by David Geddes, I confirm that AgricolaUnderwriting Management Pty Ltd is prepared to insure investor and WilimoLt interests based on the current state of firepreparedness.Yours sincerelyBernie MayersMANAGING DIRECFOR I Agricola Underwriting Management Pty LimitedA Level 6, North Tower, 459 Collins Street, Melbourne, VIC 3000, AustraliaT +61 3 9603 1050 1 D +61 39603 1051 1 F +61 3 9620 1222 1 M 0408 311 175E bmayersOaorlcola.com.au I W agricola.com.auMessage protected by MailGuard: e-mail anti-virus, anti-spam and content filtering.http://www.mailguard.com.auReport this message as spam

IN THE FEDERAL COURT OF AUSTRALIAVICTORIAN DISTRICT REGISTRYNo.ofIN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERS APPOINTED)(ADMINISTRATORS APPOINTED)ACN 063 263 650IN ITS PERSONAL CAPACITY AND IN ITS CAPACITY AS RESPONSIBLE ENTITY OFEACH OF THE MANAGED INVESTMENTS SCHEMES LISTED IN SCHEDULE I AND INITS CAPACITY AS MANAGER OF THE UNREGISTERED MANAGED INVESTMENTSCHEMES LISTED IN SCHEDULE 2First PlaintiffCERTIFICATE IDENTIFYING EXHIBITCRAIG DAVID CROSBIESecond PlaintiffIAN MENZIES CARSONThird PlaintiffThis is the exhibit marked "CDC-7" now produced and shown to Craig David Crosbie at thetime of swearing his affidavit on 25 November 2010.Before me:Z):~,DANIEL JOSEPH BRIGGSArnold Bloch LeibJerLevel 21,333 Collins StreetMelbourne 3000An A’"lan Legal Practitioner wthn ftmeaning of the Legal Profess Act 2004Filed on behalf of the PlaintiffsARNOLD BLOCH LEIBLERLawyers and AdvisersLevel 21333 Collins StreetMelbourne 3000DX 38455 MelbourneTel: 9229 9999Fax: 9229 9900Ref: 01 -1 565015(Leon Zwier)

AUSCRIPT AUSTRALASIA PTY LTDABN72 110 028 825Level 16 Santos Place, 32 Turbot Street, Brisbane QLD 4000P0 Box 13038 George St Post Shop, Brisbane QLD 4003T: 1800 AUSCRIPT (1800 287 274) F: 1300 739 037E: clientservices@auscripLcom.au W: www.auscript.com.auAUSCR1PTFASTER, BETTER EVIDENCE DELIVERY SINCE 1921TRANSCRIPT OF PROCEEDINGS0/N 148894FEDERAL COURT OF AUSTRALIAVICTORIA REGISTRYFINKELSTEIN JNo. VID $36 of 2010COMMONWEALTH BANK OF AUSTRALIA and OTHERSandAVITUS THOMAS FERNANDEZ and OTHERSMELBOURNE10.46 AM, TUESDAY, 26 OCTOBER 2010MR C. MOLLER appears for the applicantsMR N. LUCARELLI QC appears with MR J. KOHN for the first respondentMR G. SLATER appears for Kay Ledson & Jokamon Pty LtdDR 0. BIGOS appears for ASICMR P. COLLINS appears for Willmott Growers GroupMR R.G. CRAIG appears for PPBCopyright in Transcript is owned by the Commonwealth of Australia. Apart from any use permitted under theCopyright Act 1968 you are not pennitted to reproduce, adapt, re-transmit or distribute the Transcript materialin any form or by any means without seeking prior written approval from the Federal Court of Australia..V1D836/201026.10.10 P-1'Commonwealth of Australia

JUDGMENT DELIVEREDMR CRAIG: Your Honour, if it please the court, I appear on behalf of Mr Carson5 and Mr Crosbie. Your Honour, and I do have instructions to give the undertaking onbehalf of Mr Carson and Mr Crosbie in the terms that your Honour has outlined.HIS HONOUR: Yes. And that is even on the basis that I propose to make an orderthat the provisionary remuneration, or the remuneration, I suppose - I don’t know, I10 think expenses might be separate or can’t really be fixed by the court.MR CRAIG: It is about that matter that I would like to seek instructions, and can Iask one question in qualification of your Honour?15 HIS HONOUR: Yes.MR CRAIG: I have in mind what your Honour said in Re Stockford about theAmerican approach, and is it contemplated that that remuneration would be incurredand then the administrators would come to the court for approval of the tranche of20 fees, or fixed at various times during the administration?HIS HONOUR: I had nothing in mind. By which I mean, in answer to yourquestion, I haven’t even thought about that. What would normally happen if there isno creditors’ committee agreement or creditors’ resolution? What is the normal25 practice in those circumstances, when administrator - an administrator must come tothe court because there is no other place to go?MR CRAIG: Exactly.30 HIS HONOUR: Well, do you know what the normal practice is?MR CRAIG: I don’t, your Honour, but I ---3540HIS HONOUR: Neither do I.MR CRAIG: That is something I ---HIS HONOUR: What I was going to say is whatever the normal practice is, I wouldfollow it.MR CRAIG: Yes.IllS HONOUR: But that doesn’t help very much ---45 MR CRAIG: In this case. No. In my submission, in the course of gettinginstructions about that second proposition, can I ---.V1D836/2010 26.10.10 P-2'Commonwealth of AustraliaMR CRAIG

HIS HONOUR: Yes. There was one other thing I wanted you to get instructionsabout. There is an extend - application to extend the time for the second meeting,for the convening of a second meeting, and I indicated during the course of thehearing that it is - that (a) I would make the order, because it is necessary to make5 the order, but I think that before I can make the order, if your clients take up theappointment, they will have to apply for leave to be substituted as plaintiffs in theapplication. I would grant leave for them to be substituted as plaintiffs. I would thenmake the order, but I would also ask if they have got any idea how much time theyneed, because I can’t make an order saying, "On a day to be fixed; I will come back10 next week." And I fix it- I could, I suppose, stand over the application and give themsome time to think about it; or they might say, "Look, we reckon do it in twomonths." Ijust don’t know. But you will have to get some instructions about that,because I don’t know what to do with the application, other than I know thatsomething has to be done with the application.15MR CRAIG: Yes, your Honour. I will seek those instructions.HIS HONOUR: Okay. Is it going to take you long to do that?20 MR CRAIG: I wouldn’t anticipate longer than 10 minutes.HIS HONOUR: All right. I want to deal with another matter, which I don’t - it is -I don’t know whether you have been party to the communications between myassociate and the existing parties about whether I should keep, and if so, what part25 should be kept of the PPP report to the banks confidential.MR CRAIG: Your Honour, I haven’t been party to that correspondence.30HIS HONOUR: You go and get your instructions, and I will deal with that.MR CRAIG: Thank you, your Honour.HIS HONOUR: Because it is still an issue that is, at the moment, up - it is resolvingitself today, but not beyond today. But I don’t think - I take it that your people don’t35 want to say anything about that?MR CRAIG: I will gain ---LUIJ45HIS HONOUR: It’s your report.MR CRAIG: --- instructions. If there is something to be said, Twill be saying it,your Honour, but I will get some instructions on that.HIS HONOUR: Okay.MR CRAIG: Thank you..V!D836/2010 26.10.10 P-3'Commonwealth of AustraliaMR CRAIG

MR SLATER: Your Honour, I would ask for leave, as far as the order fixingremuneration under section 4.7(a) ---FITS HONOUR: Yes.MR SLATER: --- that! would suggest to the court that, if it was appropriate, thatour growers’ group be permitted to intervene and act as a contradictor in such aninquiry as the court might make. Perhaps to devise a budget, or to put somecomparison in or some other, sort of, type ..... input. The reason I say that is that my10 calculations would be somewhere in the vicinity of sixty-one to eighty thousand -sixty thousand to eighty thousand dollars a day in fees, and that is something whichcertainly my clients - we would have quite an interest in having some say into ---HIS HONOUR: I won’t make such an order now; I might never make such an15 order. And before I thought about making such an order, I would want to know whatwas the view of the creditors’ committee, because the legislation assumes that in thefirst instance, they have got the first stake in decision-making and considerationabout costs, and if they - I mean, if it was going to auction that position, thecreditors’ committee might say, "We have got a right of pre-emption over that one,"20 so there is nothing to auction off. But I certainly wouldn’t make the order withouttaking the views of the creditor’s committee. They might say that that is somethingthat they have got. I don’t know, I can’t remember who’s on the committee. I thinkI probably - there is a passing reference to its existence. I thought Mr Bland said inone of his affidavits - no, somebody, I can’t ! simply can’t remember.25MR SLATER: Mr Chang, yes, I think ---HIS HONOUR: But it might be that the composition of the creditor’s committee issufficient for my purposes; but! think there is somebody there that knows what30 they’re talking about.35MR SLATER: Indeed, that is what! think, your Honour. I would imagine with atleast - the current 1740-odd growers that they would have a fairly large vote on thatcreditor’s committee ---HIS HONOUR: I don’t know.MR SLATER: Well, neither do I.40 HIS HONOUR: Well, if you don’t know and! don’t know, then it’s a good reasonto defer any discussion about it.45MR SLATER: All right. But I would - I certainly would flag that as a possibilitythough, your Honour.HIS HONOUR: It’s a possibility..VID836I2010 26.10.10 P-4'Commonwealth of AustraliaMR SLATER

MR SLATER: Thank you.HIS HONOUR: Okay. Confidentiality?5 MR MOLLER: Yes, your Honour. Is your Honour across which versions havebeen circulating around and who has got what?HIS HONOUR: Have I looked at them from time to time? Answer, yes.10 MR MOLLER: Yes. I can give your Honour the snapshot, if your Honour ---HIS HONOUR: No, but the last - we haven’t got them here, have we? No, Ihaven’t got them. My versions are still in chambers.15 MRMOLLER: Yes.HIS HONOUR: But can I say this: I understood the last request to be for a wholedocument to be kept confidential, and you should know that! am going to take apowerful persuading to buy that one. This is a document where the bank and the20 now administrators, if they take the office, have had dreams about the affairs of agroup; and the idea that you should be able to keep that secret from the peoplewhose affairs the administrators are looking after, if they take the job, is a very oddrequest. I can understand keeping confidential anything which is really confidential- any trade secret, since you can’t get a .....on me on litigation - that kind of thing.25In other words, that which - what do I have? Section 52 of the Federal Court Act,whatever the section is that gives me power to do it - in the interests of justice. Thatis, if somebody is going to be seriously adversely affected by a publication ofinformation, then I - I don’t even think it’s discretionary; I am probably duty-bound30 to maintain its confidence, because the legal system isn’t there to cause damage topeople whose interests aren’t meant to be damaged by unnecessary publication. Butit is not an easy section to fit yourself into; I know that people time and again comealong and say that every piece of commercial information is confidential, but I knowthat is complete rubbish. There might be some, publication of which will harm the35 business; good, I will keep that secret. If it doesn’t harm your business, it is public.MR MOLLER: Your Honour, there are two issues. There is the confidentialityorders concerning the report ---40 HIS HONOUR: That is the one I’m talking about at the moment.MR MOLLER: That’s what you’re talking about.HIS HONOUR: I’m talking about - at the moment, I’m talking about the whole45 report..V1D836/2010 26.10.10 P-5'Commonwealth of AustraliaMR MOLLER

MR MOLLER: I understand that. And the other issue is the different versions ofredaction that have taken place.HIS HONOUR:MR MOLLER:report?Yes.And your Honour has got all three versions: you have got the entire10IRHIS HONOUR:Yes. No, I’ve got two redacted versions.MR MOLLER: You have got the - and you have got two redaction versions?HIS HONOUR: I’ve got the solicitor’s redacted version and the barrister’s redactedversion ---MR MOLLER: Yes.HIS HONOUR: - - - and I have got the document.ri20 MR MOLLER: Yes.1115 HONOUR: Yes.MR MOLLER: And your Honour can know from that that there has been more25 redaction to the - what’s being styled the solicitor’s version - - -HIS HONOUR: Solicitor’s version. Yes, I know.MR MOLLER: - - - than there has been to the banisters’ version. Now, your30 Honour, you will also recall that the provision of the document was at the request ofthe court. Your Honour sought it; it wasn’t sought by any of the parties. It wasreferred to in the same correspondence communications that were in evidence, andyour Honour asked for it ---35 HIS HONOUR: I can see what my position about that is. It is that until 1 saw thedocument, I wouldn’t make the orders that you sought. I have to satisfy myself thatthere was nothing in what passed between the bank and your two nominees thatwould have prevented their appointment. Simply wouldn’t have made the order. Iasked for it because in the absence of the document, it - let me put it more directly.40 If you had have refused production of the document, you would have not got thosepeople appointed. It is as simple as that.MR MOLLER: I follow ---45 HIS HONOUR And - and ---MR MOLLER: I follow that, your Honour..V1D836/2010 26.10.10 P-6@Commonwealth of AustraliaMR MOLLER

HIS HONOUR: --- I relied on it, and in my reasons, when you get the full version,I will write about that.MR MOLLER: Yes, your Honour.HIS HONOUR: Including the proposition that if the document had not beenprovided, they would not be appointed.10MR MOLLER: That ---HIS HONOUR: Which means that I treat it as evidence in the case. You want togive it an exhibit number? I am happy to do that.MR MOLLER: Yes. I - that is now clear to me, your Honour. The status of the15 document prior to your Honour’s clarification had not been clear to me.HIS HONOUR: Yes.MR MOLLER: Its provision was - and there was communication between those20 instructing me and the court about the imposition of confidentiality regime, and thecourt indicated that it would be minded to impose a confidentiality regime.HIS HONOUR: Up until now. But that - - -25 MR MOLLER: Yes.HIS HONOUR: And bear in mind that the first communication was on the basis Ihad no - I had no idea of what was in the document - - -30 MR MOLLER: Yes.HIS HONOUR: --- and I assumed that it was the kind of document that might have- I assumed that it might even have privileged information in it. It turns out to haveeither little or no privileged information, so that the first communication you have35 got from my associate was, "Hand over the document; there will be confidentialityorders." Was then on the mistaken assumption that there might be some legal advicein there of one kind or another which you would be entitled, as of right, to protect.MR MOLLER: Your Honour will understand that I don’t propose to debate with40 you, with respect, what was the tone or content of the communication between theinstructors and the court. It is neither the time nor appropriate.HIS HONOUR: Yes.45 MR MOLLER: It might be that, depending on what view your Honour takes as toredaction and as to limitations on inspection, that the issue of a broadly draftedconfidentiality order just goes away. That is why I asked if your Honour had - - -.V!D836/2010 26.10.10 P-7'Commonwealth of AustraliaMR MOLLER

HIS HONOUR: I see.MR MOLLER: - - - was across who had been provided with the document.5 HIS HONOUR: Yes, yes.MR MOLLER: It has gone to all of the counsel at the bar table, with the exceptionof my friend from Clarendons, who only wanted the solicitor’s version. So counselhas got the solicitor’s version and the counsel’s version, and then the solicitors have10 got - and all counsel have given an undertaking. I don’t know if your Honour hasseen a copy of that. All of the solicitors who requested it, and including the solicitorsfrom ASIC, have been provided with the solicitor’s version. 1 think Mr Tragairefrom ASIC has been provided with the other versions as well, your Honour, is theindication.15HIS HONOUR: Yes.MR MOLLER: So everybody is bound by a confidentiality order, and I haveprepared a draft minute of order. Order 1 your Honour won’t like, because it seeks20 for the entire document to remain confidential. That is the debate we have beenhaving.HIS HONOUR: You’re not going to get that.25 MR MOLLER: But if I might circulate that, your Honour. If I need to provide youwith a convenient - Dr Bigos has got a copy already - convenient - I will take yourHonour to the order or to the confidentiality undertakings. They are exhibited, andyour Honour can see the first one is the counsel’s one; the second one is thesolicitor’s one.30HIS HONOUR: Yes.MR MOLLER: And if you come back to the order of yourself - itself, your Honour,somewhat unusually, I have referred to the people to whom the right of inspection35 might be given by name. Usually I would do it by reference to their roles, as insolicitors for the respondents or whoever it might be, but the difficulty is - and I amnot trying to be pejorative or cheeky - the difficulty is with Mr Slater; I am neverentirely sure for whom he appears.40 HIS HONOUR: Well, he appears for a moving group.MR MOLLER: Yes, and I think he might have put on an appearance now forLedson & Jokamon and for the Willmott Action Group. But that is why I have usedpeople by name, rather than description, your Honour. And what order 2, your45 Honour, seeks to do is simply to limit a right to inspection to those who have giventhe undertaking. So then the issue, your Honour, turns to the redaction, and.V1D83612010 26. 10.10 P-8'Comnionwealth of AustraliaMR MOLLER

edaction arguments usually arise in the context of discovery. And the point of lawseems to be that redaction is appropriate if the redacted parts are irrelevant.5HIS HONOUR: It isn’t on a discovery point.MR MOLLER: I understand, but it is - I think your Honour will accept - asomewhat unusual circumstance that we find ourself in, that the document wasn’ttendered during the trial; it was requested afterwards. It has been provided.10 HIS HONOUR: Yes.MR MOLLER: Can I put the submission this way, your Honour: having seen thedocument and having presumably satisfied yourself that that the fact of the previouswork done by PPB is not an impediment to their appointment, that demonstrates15 quite clearly the irrelevance ---HIS HONOUR: No. Quite- --FTZ25MR MOLLER: --- of the document. At least its contents to the application.HIS HONOUR: The exact opposite.MR MOLLER: Your Honour, if you hadn’t - if you were not satisfied as to theirindependence, you wouldn’t have appointed them.HIS HONOUR: Correct.MR MOLLER: So what the report does, in our submission, is show that thereneedn’t be any concern as to their independence.HIS HONOUR: The rest of the world is entitled to know what I am doing.MR MOLLER: I follow that. The next question, then, is the question of redaction,and your Honour will know that there are parts of that report that are acutely35 commercially sensitive.HIS HONOUR: That is the first redaction.40MR MOLLER: The second redaction as well, your Honour.HIS HONOUR: I’m less convinced about that, but I’ll have to go back and look atIt.MR MOLLER: I think Mr Slater makes a point that the whole document should go45 in because it shows the exposure of the banks to the group, as I read his submissions,and I don’t want to be verballing him, but there are other parts of the report which.V1D836/2010 26.10.10 P-9'Commonwealth of AustraliaMR MOLLER

are concerned with bank’s loans to other persons, specifically growers. They are notrelevant in my submission, your Honour.HIS HONOUR: What you had better do is send me a submission. lam just5 wondering whether I need evidence. In the first instance probably not. You send mea submission justifying each bit you want kept secret. I assume you are going toconfine yourself to the redacted solicitor’s version, but you don’t have to. You cango through it line by line and you can claim confidentiality, but you will do it on thebasis that publication is contrary to the interests of justice or whatever the section10 says, and I will leave it to you to decide whether you need evidence to support it.Now, some of these propositions ought be self evident, I guess. If you don’t thinkthey’re self evidently correct, then you might have to tender evidence to support it.MR MOLLER: I have been caught this week already, your Honour, evidence after a15 trial, but ..... your Honour.HIS HONOUR: Stop complaining.MR MOLLER: No. Thank you, your Honour. The difficulty I have, your Honour -20 and I don’t want this to come across as a complaint - is without your reasons it isdifficult for me to know what regard you have had to this report and you have said itis referred to in the---25HIS HONOUR: I would not have made the order if you had withheld the report.MR MOLLER: Yes. I follow that, your Honour, but there are sections of the reportare of concern and the redactions go to the sections of the report concerned withgrower loads. That is the bank’s loans to growers.30 HIS HONOUR: Yes.MR MOLLER: They are just, in my submission, your Honour, irrelevant to theissue of the application that has been before your Honour. The bank’s loans to theWillmott Forest Group I can accept, because as Mr Slater says in his written outline,35 that informs the reason the bank has brought the application - or may have broughtthe application. I understand that. But the loans to the growers have got nothing todo with the application for the removal of Mr Fernandez, so they are irrelevant andshould, therefore, be redacted. That’s why I seek to draw the analogy with thediscovery cases, your Honour. Can I say also this: that the sections of the report40 concerned with the bank’s exposure to the companies are unredacted. It would beeasier to advance these arguments if your Honour had the report before you, but ---HIS HONOUR: No, I tell you what would be easier all the way round, because Ihad three on my desk at the same time, give me one version. Instead of redacting,45 highlight them so I can read them in one piece of paper.MR MOLLER: Yes, yes..V1D8361201026.I0.10'Commonwealth of AustraliaP-bMR MOLLER

HIS HONOUR: Because what I was doing was reading the column, seeing themissing bit, going to the other document, finding that bit.MR MOLLER: We will redact them in more than one colour so your Honour can5 know which - yes, your Honour.HIS HONOUR: Yes, do that. That will do for starters, if I need more than thatthen I will let you know.10 MR MOLLER: Yes, your Honour.HIS HONOUR: All right.15PTOMR MOLLER: Your Honour, the other issue ---HIS HONOUR: So does that mean for the time being I will just keep the existingconfidentiality position in place?MR MOLLER: Yes.HIS HONOUR: Until I rule on it.MR MOLLER: Well, we have got everyone ---25 HIS HONOUR: You have got them tied up.MR MOLLER: We have got them tied up.30HIS HONOUR: I know.MR MOLLER: And we just want an order, if anything, clarifying who can have aright of inspection and that is what the second order in the draft I gave to yourHonour proposes to do.35 HIS HONOUR: If they have got it, why do they need to inspect it for?MR MOLLER: Well, it just means that it - we don’t need to seek to do by an orderwhat we have already done by an undertaking.40 HIS HONOUR: Yes, I wasn’t thinking of making any order at all now. What 1 wasgoing to do is leave the contracted position in place.MR MOLLER: Yes.45 HIS HONOUR: And then rule on what I’m going to do with part of the evidence.MR MOLLER: Yes..V1D83612010 26. 10.10 P-11'Commonwealth of AustraliaMR MOLLER

HIS HONOUR: You can contract to your heart’s content between parties.MR MOLLER: Our undertaking.5 HIS HONOUR: What! want to do is rule on whether I’m going to keep confidentialpart of the evidence in the case.MR MOLLER: Follow, your Honour. I mean we will tell your Honour which parts.10 HIS HONOUR: Yes, sure. What I might do, I might get my associate to go up tomy chambers and get some of the stuff that is spread between home and chambers.If he can find all the various versions maybe we can do it now and save everybodyhaving to come back. I might have a few markings.15 MR MOLLER: Mr Craig is back. It might be convenient, your Honour. While I’mon my feet, the other issue was costs of the application.HIS HONOUR: Mr Slater - I have got to make orders on Mr Slater’s application. Iwill talk to you about costs as well, but Mr Slater filed a motion for * I can’t20 remember it precisely - he asked for various forms of relief. One was leave tointervene and he sort of did that in any event before leave was granted, so that wasall right, so may as well make that order.2530MR MOLLER: .....Mr Kohn, your Honour, just turns up and is remarkable.HIS HONOUR: That’s right. And I can’t remember what- and did want an orderfor costs out of the estate and I haven’t really turned my mind to the costs question.MR MOLLER: There are a couple of authorities on it, your Honour, but not many.HIS HONOUR: Yes, what do they say.MR MOLLER: Well, the leading one is Kirwan v Eastvale.35 HIS HONOUR: Yes.MR MOLLER: Austin J at first instance did what one would expect Austin ito do,and look at all the trustee cases.40 HIS HONOUR: Yes.MR MOLLER: And the Court of Appeal tinkered with that as I recall.HIS HONOUR: Yes. I think if you look at the trustee cases, what they do say is45 that you have got to be some help.MR MOLLER: Yes..V1D836/2010 26.10.10'Commonwealth of AustraliaP42MR MOLLER

HIS HONOUR: And if you are not - which means if you do nothing more thanrepeat what somebody else has said, then you don’t walk away with any costs at all.MR MOLLER: Yes.HIS HONOUR: And the thing in favour of Mr Slater’s - one of the comments youwill read about when you get the reasons, is I express - I sort of hinted at it duringthe course of submissions - great unhappiness about Mr Fernandez being forced intoa position where he has got to defend his own case, whereas it was really the10 company - the directors who put him in there. They should have been the trueprotagonists against the banks. Mr Fernandez is a middle man and part of hisproblem was he effectively- , and in a practical sense, not a legal sense - alignedhimself with one group of investors. It is a completely unsatisfactory process and thealternative was to let Mr Slater make the running on Mr Fernandez being ..... Mr15 Fernandez is filling in factual information by way of help if necessary, rather thanhave to defend his own position in the way .....’2JMR MOLLER: So he doesn’t enter the arena, I think the Full Court of the SupremeCourt said that on one occasion.HIS HONOUR: Yes.MR MOLLER: Your Honour was still at the bar.25 HIS HONOUR: It was a really most undesirable thing. The way things panned outit was unavoidable, but an unhappy result. That suggests that Mr Slater should havemade the main running and he would have got his costs that way ordinarily. I hadbetter have a look at the case you’re talking about.30 MR MOLLER: I think at the risk of putting words into the mouths of my learnedfriends, including those senior to me, that we would want to see - everyone wouldwant to see your Honour’s reasons before final orders - before making submissionsconcerning final orders as to costs.35 HIS HONOUR: Not unreasonable.MR MOLLER: Yes. Thought as much, your Honour.4045HIS HONOUR: Yes.MR MOLLER: Mr Craig has returned, presumably with instructions, your Honour.Mr Reilly has turned up with the documents.HIS HONOUR: Yes. That’s okay. We have fila busted long enough.MR MOLLER: Yes. Well, I have been successful. That was my intention. MrSlater, I think, might have some admissions as to redaction. We have heard from all.V1D836/2010 26.10. 10 P-13'Commonwealth of AustraliaMR MOLLER

the other parties that they are not interested in being heard on redaction or beingheard on the contents of the letter that was a response to Mr Reilly’s letter whichyour Honour referred to in your summary. If your Honour pleases.5 MR LUCARELLI: I am wondering whether, your Honour, Mr Kohn and I might beexcused. It doesn’t sound like there is much else to be said that really involves ourclient and we’re just taking up space, but we’re happy to remain if your Honourwishes.10 HIS HONOUR: You don’t have to remain, Mr Lucarelli.MR LUCARELU: As long as we can be heard on the question of costs, which mylearned friend has covered, in due course, that is all that we really need to do andobviously we will abide any court orders. Does your Honour wish us to draw up the15 court orders or is it sufficient if the bank does that?HIS HONOUR: Leave it for the banks.20MR LUCARELU: If your Honour pleases.HIS HONOUR: Thanks, Mr Lucarelli.MR SLATER: I am sorry, your Honour. Your Honour, regarding the redaction, asyour Honour correctly pointed out, that if that hadn’t been put into evidence the25 appointment would not have been made. So notwithstanding that it was put in in anusual form of evidence, the fact is that it did go into evidence in the end. There is acase on this which is Hogan v Australian Crime Commission. I will give you thecitation. It is (2010) HC 21. Before! go into that, what is important is that a similarthing happened, if you like, at the first single judge in the Hogan matter and evidence30 was put in and there was a query as to whether it was privileged or not, and whathappened is a confidentiality order was made on that basis, but then it was put intoevidence. And what happened then is that the judge removed the confidentialityorder and there was the question as to whether that should remain confidential.35 Well, it went all the way to the High Court and the point that your Honour wassaying about the cart before the horse, I would refer you to Jessup Js decision in theFull Federal Court in the Hogan case. But as far as the - your Honour said, quitecorrectly, that this should be - the public has a right to know about your decisionsand why this came about and that is, in fact, supported by Hogan. And what - I will40 take you to part of the judgment in that where the High Court said:The administration ofjustice by the Federal Court, which is the focus of section50-45 that’s of the Federal Court Act -.V1D8361201026.10.10 P-4'Commonwealth of AustraliaMR SLATER

510certainly includes not only he generally recognised interest in open justiceopenly arrived at, which is reinforced by the terms of section 17(1), but alsorestraints upon disclosure where this would prejudice the proper exercise of itsadjudicative function.Now, what Hogan really says, is it says that we start with the premise under section17 that the courts are open, but it goes further and it says, of course, exceptions canbe made, such as where the disclosure of whatever the material would - woulddestroy the underlying proceeding. So, for example ---HIS HONOUR: That’s not the only basis.MR SLATER: Well, in this case my submission would be that the PPB report, andin particular the part about - that refers to the loans by the bank to the growers, is15 obviously going to cause, as your Honour said, that there is a ---HIS HONOUR: I am not talking about the facts of this case. What I am suggestingwas - putting aside what this document does and what its contents say, it is notcorrect to say that the basis - the only basis upon which a non-publication order is20 made is where - like in the IP cases where it would destroy the subject matter of thecase.MR SLATER: Yes, if it was a recipe for Coca-Cola or something.25 HIS HONOUR: Yes, sure. But that is - all I am saying is that is just a clear case formaking an order, but it is not the only circumstance in which an order can be made.It is not the only circumstance in which an order is often made.MR SLATER: Of course, and as - although as Hogan - the case of Hogan pointed30 out merely that it was embarrassing or it disclosed his financial affairs, it wasn’tsufficient to overcome the starting point of open justice.HIS HONOUR: Good. Well, sometimes the High Court says nothing which is new.35 MR SLATER: Precisely, your Honour, but as far as the specific documents areconcerned, of course, with the benefit of having read it, the - and I have to becareful, of course, how I phrase this, but the path there which refers to CBA andperhaps what it concerns the growers with, would - might be seen by some to havean effect as to an attitude, if you like, an outlook, and in that case that outlook would40 be exercised by the same firm of accountants that will be carrying out thisadministration. And I am sure your Honour can join the dots on that, but that wouldby my submissions, that I don’t think that this case and the submissions for redactionreally overcomes the fairly clear statement, certainly in the Full Federal Court, aswell as the High Court in Hogan, and we would oppose such a blanket suppression45 order. In fact, we would oppose any kind of redaction whatsoever because it is reallynot that sensitive, that material. If the court pleases..V1D836/201026.10.10 P-15'Commonwealth of AustraliaMR SLATER

MR MOLLER: Your Honour, Mr Craig is here.HIS HONOUR: He is going to tell me what is happening. He can tell me.5 MR MOLLER: Well, don’t .....for a moment, Mr Craig is for PPB. It is a PPBreport.HIS HONOUR: It is your confidentiality.10 MR MOLLER: Yes, I have just handed it to him, your Honour. I don’t knowwhether he wanted to make any submissions. I know he has taken some instructionsfrom PPB.HIS HONOUR: Okay.15MR CRAIG: Yes, your Honour. My instructions are, my understanding is thedocument was produced following inquiries made as to my client’s capacity to actindependently as administrators, and the document has been provided on that basis.My clients are of the view that it does contain information material that is20 confidential.HIS HONOUR: Whose information, whose confidence?25MR CRAIG: Well, it would appear to be, I presume the - - -HIS HONOUR: The bank’s.MR CRAIG: --- Commonwealth Bank’s. Yes.30 HIS HONOUR: Well, it is not for your clients to argue it. They are here to protecttheir own position, they don’t need your help.MR CRAIG: In the event - yes, I accept that. In the event that submissions aregoing to be made about the confidentiality, we would seek leave to make35 submissions.40HIS HONOUR: No. Unless you can say that some of it is your confidentialinformation, and when I read it, I didn’t think it was, and I will not give youpermission to support somebody else’s case.MR CRAIG: Your Honour, I will seek instructions on that.HIS HONOUR: It’s not a question of instructions.45 MR CRAIG: No. Instructions on confidence ---HIS HONOUR: Whether it is your confidence?.V1D836/201026.I0.10 P-16'Commonwealth of AustraliaMR CRAIG

MR CRAIG: Yes.HIS HONOUR: Yes, Okay, I have got you. You can do that. Yes.5 MR CRAIG: Does your Honour want to hear about the other matters, or return toHIS HONOUR: I do.10 MR CRAIG: Yes.HIS HONOUR: Yes. May as well.15MR CRAIG: In terms of the remuneration, section 449E provides that:In the event the committee of creditors doesn’t approve a remuneration, it is amatter for the court.What we would propose is that Mr Carson and Mr Crosbie are prepared to be20 appointed administrators on the basis of a fixed remuneration process, and that wecome back to your Honour in seven to 10 days ---HIS HONOUR: To work it out.25 MR CRAIG: --- to work out what that process is.HIS HONOUR: Yes. Can you find out in the meantime - I’ll ask some of theregistrars, they might know, but can you find out what the process is?30 MR CRAIG: Yes.HIS HONOUR: All tight. That’s not a bad idea.35MR CRAIG: And so that deals with that issue.HIS HONOUR: Yes.MR CRAIG: In terms of ---40 HIS HONOUR: There must be - this must be a common issue, mustn’t it?MR CRAIG: Yes. Well, one would presume it has happened on a number ofoccasions.45 HIS HONOUR: Once. Okay.MR CRAIG: It certainly happened in the special purpose liquidators context..V1D8361201026.I0.10'Commonwealth of AustraliaP-IlMR CRAIG

HIS HONOUR: What happens there?MR CRAIG: It happened in the OneTel SPL proceedings in Sydney, but I don’tknow exactly how the court resolved the question of what appropriate remuneration5 was.HIS HONOUR: What I did do, my associate sends me notes to remind me ofthings, what I did do for a receivership that KordaMentha were - a Korda appointedreceivership, not a private receivership, I made orders appointing the receivers, and I10 made probably some general order for their remuneration. Being court officers theyprobably didn’t need it specifically, but anyhow I made orders about that. And whatthey did there was periodically put in a claim, it was sort of semi-formal, I gave it toa registrar - sorry, and I had a fund that was being administered, but they couldn’ttake any money out of the fund without my order, and the registrar didn’t have power15 to do that, because the fund was being administered by the court. And periodically,and the period was whenever the receivers felt like it really.By which I mean, it wasn’t once a month or once every three months, just once whenthey had done enough work that they thought they should put in a request for20 remuneration to be paid out of the fund, they put in a formal - not a motion, but theyput in the paperwork justifying it. Answered the queries from the registrar, whowould then send a report to me saying, I have assessed it, I have knocked off $50 orwhatever it was, I have knocked off nothing, then I had a representative, a partyrepresentative for unsecured creditors, gave it to them to look at, say, what do you25 say? And if they didn’t make any objection then I made an order in chamberssaying, you have your money. So I relied on the registrar, and lack of objection. Ifthere was an objection I ruled on it. And that administration has been going foryears, literally, literally years.30 MR CRAIG: Yes. Your Honour, that is the type of regime that - - -HIS HONOUR: Well, if you have got that sort of thing in mind.MR CRAIG: Yes.35HIS HONOUR: That is the kind of thing. And then the kind of thing - instead ofgiving it to a representative party, that was a party formally appointed to representthe interests of, not all, but most of the unsecured investors. And this is not a forestmanaged investment scheme, it is one of these retirement village things. That40 worked quite well, and here what I would do, if we followed the same kind ofarrangement, is send the assessment, not the whole of the paperwork unless it wasrequested, but send the registrar’s assessment, which was quite - sort of send me afive page or 10 page memo summarising what the material was, and what the claimswere, and giving me gross figures and telling me what he had done. But that wasn’t45 - it wasn’t private to me, it was a document which I then passed on to the party whorepresented the interests of the unsecureds..V1D8361201026.10.10 P.18'Commonwealth of AustraliaMR CRAIG

I could pass a similar - I could adopt a similar proce3ss and give that to the creditor’scommittee and see if there is an issue. And if there is an issue, work out how to dealwith it, and if there is no issue, pass it. That kind of thing - you go talk to them atKordaMentha and see if they liked it, 1 mean if they think it’s a shabby system, they5 didn’t - nobody ever complained about it. Well, maybe they would .....complainedabout it, so I can’t draw anything from it. But at least you can find out about whetherthey thought it was a satisfactory system or not or suggest some modification to it.That means you don’t have to do it every week or every month, just basicallywhenever you feel like it. We would have to work out though I would have to10 work out - the cost, you have got an independent statutory right, I’m sorry,disbursements, costs and expenses, you have got a statutory right to take out ofwhatever assets, you don’t need me for that.In other words, what I’m talking about is remuneration. Costs and expenses, the15 statute operates, and you do whatever the statute allows you to do. So whilst youmight be out of pocket in a work in progress sense, you won’t be out of pocket in anout of pocket sense, if you know what I mean.20MR CRAIG: Yes. In a disbursement sense.HIS HONOUR: Yes.MR CRAIG: Your Honour, we’ll give some detailed thought to that structure, andobviously my clients need to engage solicitors and take those steps. So if we could25 have the matter set down at a time convenient to your Honour.HIS HONOUR: Why don’t you just mention it. All I need is probably a day’snotice, and it can be mentioned at short notice, and if I’m in court I can do it outsidethe normal hours. It is not going to take very long to work out some sensible30 method. And the other thing what might help me is, if in due course you work out aproposal, let me have it so I can go and talk to one of the registrars, and have theirinput as well. Because they are likely to know more about how a system can workbest, than I would. I mean I simply don’t know. But they will have a few ideasabout how you streamline it, or how you speed it up, or what to do and how to do it.35 Ijust don’t know.MR CRAIG: They may know whether it is workable or not.40HIS HONOUR: They might know that too, but they won’t tell me that.MR CRAIG: Your Honour, dealing with the question of the convening period.HIS HONOUR: Yes.45 MR CRAIG: I am instructed that we are content to be substituted as plaintiffs on theapplication. And we would seek an order that the second creditor’s meeting - thetime for convening the second creditor’s meeting be extended to 13 December 2010..VID836t20I026.10.10 P.19'Commonwealth of AustraliaMR CRAIG

HIS HONOUR: That means you will have it just before Christmas.MR CRAIG: Yes.5 HIS HONOUR: How long - you may have to give 6300 notices unless you getsome dispensation from me, because there are, at last count, roughly 6300 investors,who each will come down and say they’re creditors, plus the normal creditors. Doyou reckon you are going to have enough time to do it?10 MR CRAIG: It seemed to me the best thing to do would be to commit to a time, andthen if we need to come back to your Honour, under section 439A, we will do that asquickly as we can, if there is an obstacle we haven’t foreseen today.HIS HONOUR: There is one thing you might - I’m not sure whether it is a good15 thing or not, I know that Mr Derham, the CEO, former CEO, when he wascanvassing for votes, wrote to the financial advisers to put their clients in the schemeas a short circuit of dealing with the growers directly. Now, I don’t know how manyinvestment advisers there are, nor whether - if there is six of them, they are all intouch with their clients - then you might get an order from me dispensing, you know,20 say an advertisement, and dispensing with personal notice, but giving it their quasirepresentative, that may work. But, I mean somebody is going to have a look at thebooks to see what the position is, whether that’s even feasible. But anyhow, I willmake orders along the lines that you - I will substitute your clients as plaintiffs in themotion - have we got that here? It’s described as an interlocutory process. It was25 issued on 1 October 2010, but why - no hang on a second. This is a bit odd.It’s in fact - it’s brought in the proceeding proper, rather than as a separateapplication. So that it still has, not still, it has the bank as the plaintiffs - banks - asthe plaintiffs. Mr Fernandez and the companies in administration as the defendants,30 and it seeks an order for extending the convening period. So - and it is MrFernandez, who makes the application, although he is not named as plaintiff. What Iwill do, to give you standing in this, is I will add your clients as defendants. I can’tadd them as plaintiffs, because then I will have separate representation on theplaintiff’s side, and you know I can’t do that. So I will add you in - I will make an35 order adding your clients as defendants to the, what is described as an interlocutoryprocess, and that the heading be amended accordingly. And then on the - I don’tknow whichever, you might be the 12th and 13th, I will have to do a tally somewhere,on the application of whichever number defendants you are, I will order that theconvening period be extended to - you say, 13 December.40MR CRAIG: Yes, your Honour.45HIS HONOUR: The current application actually says 15 December, but I willmake it - I will extend it to 13 December this year, and reserve liberty to apply.MR CRAIG: Thank you, your Honour..V1D836/2010 26.10.10 P-20'Comnionwealth of AustraliaMR CRAIG

HIS HONOUR: And you should take that out, including the order to substitute, andadd in .....defendants, and I will have that as a separate order.5MR CRAIG: Yes. Thank you, your Honour.HIS HONOUR: Okay.MR SLATER: Your Honour, one last matter. It’s a matter of housekeeping as itwere for the growers that I represent. We will probably - in fact we would ask for an10 order under rule - regulation 2135A, and what that says is ---HIS HONOUR: I don’t even know what that says.15MR SLATER: Well, I will tell you. It is:The court can appoint a creditor to represent a group of other creditors at theexpense of the corporation.So, we would ask for that order be made, which I think you will find is in our20 interlocutory application.HIS HONOUR: Was that in your motion?25MR SLATER: I beg your pardon?HIS HONOUR: Was that in - that was in your original application?MR SLATER: It was, your Honour. I’m certain it is, I don’t have it on me, but I30HIS HONOUR: No, no. That’s all right. I would treat that as an application forcosts.MR SLATER: It will be an application for costs. We won’t - along with the other35 members of counsel here, it is something which should be dealt with by submissions,I would submit. But we would obviously need to have an appointment now made bythe court, before we could really make that application, I would have thought.40HIS HONOUR: I gave you leave to be heard.MR SLATER: Yes. Well, I think we have already been heard. I think it is just the45HIS HONOUR: That’s exactly right.MR SLATER: It is the appointment issue, under ---.V1D836/2010 26.10. 10 P-21'Commonwealth of AustraliaMR SLATER

HIS HONOUR: If I make that appointment, that has the effect of giving you yourcosts. That’s why I said I will treat it as an application for costs.510MR SLATER: Yes. I’m not sure ---HIS HONOUR: Isn’t that the consequence of that regulation?MR SLATER: It doesn’t say it may, it actually says - so I suppose that is almost animperative the way ---HIS HONOUR: That’s exactly right. That’s why I am going to treat yourapplication as an application for costs, and I will deal with that at some point after Ihave handed down my reasons.15 MR SLATER: Yes, your Honour. And the other point that I apologise for notraising earlier, is that as far as the regulation of the administrator’s fees areconcerned, which would be under the control of the court, there is of course thepractice that most of the. even the largest firms these days are offering alternativesto hourly fees, there’s alternative billing arrangements which could be done by a20 number of ways. There has been amendments, for example, to the Legal ProfessionAct, so that on the transactional work you can charge a percentage, which is differentfrom litigation workHIS HONOUR: Yes. I have, with great interest, for some time now, followed the25 debate on getting rid of time based charging. And I have made a contribution to thatdebate as well, in some judgments that I have written. And I recently had occasionto re-draft, with the assistance of one of the registrars, the court’s Cost Rules. Andthen we had this conference with a whole lot of interested parties, law counsels andlaw societies, and all the rest of them. Everybody said that what we are doing is still30 entrenching time based. And! said, "Good, I have spent a couple of days trying towork out an alternative set of rules. If anybody can give me one, I’ll draft them in."And there was deathly silence. It’s great, it’s fantastic to criticise, but not one singlelawyer was able to come up with an alternative. Can you give me one?35 MR SLAYER: Well, certainly as far as the growers are concerned, we would beable to put such submissions before the court and ---HIS HONOUR: What is the alternative?40 MR SLATER: Well ---HIS HONOUR: People who do nothing other than expend time and energy - I canunderstand, if you are looking after a fund, you can say I’ll take 5 per cent of thefund. Or if! am running an action, I will take a proportion of the action if it wins.45 But if all you are doing is expending time and energy to do the things that you haveto do, on what other basis can you charge, other than on a time basis?.V11383612010 26.10.10 P-22'Commonwealth of AustraliaMR SLATER

MR SLATER: Well, as your Honour knows, in some of the litigation fundingagreements that you have probably seen before your court, the practice ---HIS HONOUR: You get .....thirty per cent of the take.MR SLATER: Well, I wasn’t referring to that part. I was actually referring to therelationship between the - some of the litigation funders and their solicitors. Andwhat they do, is that they have a series of stages. They will set out a budget forpleadings, for discovery and so on. So they set it into discrete jobs, and they set10 prices around that. And the risk of time over subscription or .....subscription, isborne by the parties. So there is not this open ended blank cheque. And that iscertainly one thing that comes immediately to mind. But ---HIS HONOUR: How do I cost the work done in listing - no, ascertaining who is a15 creditor, working out the value of their claim? Let’s say that that takes a period oftime to do, whatever the period is, and you don’t know in advance whether it is goingto take a week or a month, or three months. How does anybody fix the costs for that,other than on a .....start basis?20 MR SLATER: Good point, but - - -25HIS HONOUR: Thank you. I said that to the solicitors. They all said great pointbut it’s a system that should be changed. Until I said, "Good. Change it. Give me aset of words," then there was literally deadly silence.MR SLATER: Well, panel beaters, for example, have to give fixed quotes on thingsand so do lots of other types of professions.HIS HONOUR: Yes, I know. What they do is they say, "This job is going to take30 me six hours and I’m going to charge you $150 an hour."MR SLATER: Right.HIS HONOUR: I have dealt with panel beaters all my life. They have done nothing35 - they have extracted vast sums of money from me over the years, always on a timebasis. And the older the car, the more it costs and I tried to tell them it’s going totake you the same amount of time and they said, "No, no, it’s older, it takes longer."40MR SLATER: Should I be asking about your Honour’s driving record?HIS HONOUR: No, it was more a reflection on the cars I used to buy and the costof keeping the damn things on the road. No.MR SLATER: In all seriousness though, your Honour, I would ask that either the45 creditors could be .....until that’s actually convened at the first meeting, if it’sconvenient at the first meeting. But prior to that time, I would ask that our group beable to make some suggestions and submissions to the court as to what alternatives.V1D83612010 26.10. 10 P-23'Commonwcalth of AustraliaMR SLATER

might be available. There may be that there are some creative alternatives. Theremay be different ways of looking at this. We would like to have a chance to give thecourt some input on that.5 HIS HONOUR: You can do that but you shouldn’t assume that I will allow the fundcreated to bear the costs of it.MR SLATER: Yes, your Honour. I understand what you’re saying in that but thecosts at $60,000 to $80,000 a day, there might be cheaper ways of doing this. And,10 for example, if it was said that this stage is going to be fixed at this price, it mightcreate innovation and cost savings to fit within the budget rather than the budgetexpanding to meet the work. That’s what I’m saying. We reverse the way that this istraditionally looked at.15 HIS HONOUR: I look forward to reading your suggestions.MR SLATER: Yes, your Honour.HIS HONOUR: Thank you, Mr Slater.20MR MOLLER: Your Honour, I have seen it happen once before. I know AssociateEfthim J claims the credit for having done the first court appointed remunerationunder the post 2007 amendments and I know Associate Gardiner J has done as leastone and his Honour just sat there, essentially as just a taxing officer, and whacked25 things off. Just taxed them off after the event. So that’s how I have seen that done inthe past. It’s not for me to tell your Honour ---HIS HONOUR: Just like a solicitor’s bill.30 MR MOLLER: Well, precisely, your Honour. In terms of how to do it, theParliament has prescribed the factors that your Honour has to take into account ---HIS HONOUR: Yes, I know.35 MR MOLLER: - - - and that might be a good starting point but that’s not really ourrole to say that. Your Honour, in terms of the redaction ---HIS HONOUR: I have got my copies.40 MR MOLLER: Yes, your Honour. At the risk of stepping where angels fear totread, when might we expect your Honour’s reasons to be published?HIS HONOUR: I have got no idea.45 MR MOLLER: Yes, because it might be that the submissions we want to makeconcerning the parts of this document that need be redacted or need not be would beinformed by that..V1D83612010 26.10.10 P-24'Commonwealth of AustraliaMR MOLLER

HIS HONOUR: Yes, because I will say something about the report in my reasons.510MR MOLLER: Yes. Now, at the risk of your Honour saying something about apart of the report that we say should be redacted ---HIS HONOUR: I’ll be careful.MR MOLLER: Yes. Well, I can take your Honour - the version B, I think. Hasyour Honour got redacted version B?HIS HONOUR: I have got counsel’s version, the solicitor’s version and the originalversion.MR MOLLER: The solicitor’s version is one that’s referred to as redacted version15 B.HIS HONOUR: Okay.MR MOLLER: And your Honour will see that that is the one that has the sensitive20 bits redacted. So if! take your Honour ---HIS HONOUR: Yes. If I go, for example, to the second or ---25MR MOLLER: The very best example, your Honour, is page ---HIS HONOUR: Page 2, snapshot of issues. The whole of 3 and some of 2 has beenremoved:some in the consideration for action -the last comment in the third column ---MR MOLLER: Third column, yes, your Honour.35 HIS HONOUR: Then there’s both discussion and issues or consideration for actionin point 2 and all of point 3. Let me have a look at 3.MR MOLLER: If your Honour sees page 6.40 HIS HONOUR: No, no, no, no, no, no.MR MOLLER: Sorry, your Honour. Where are we working from, page?45HIS HONOUR: Page 4.MR MOLLER: Page 4..Vfl)836/2010 26.10. 10 P-25'Commonwealth of AustraliaMR MOLLER

HIS HONOUR: Now, this is a good page. What’s the matter with the first two linesof I don’t know what you call them anymore. They’re not called dot points.They’re called square points or something because you don’t use dots.5 MR MOLLER: They’re dot points, your Honour. Still dot points.10HIS HONOUR: I thought they were squares but it doesn’t matter. If you want tocall them squares, dots, I don’t mind. But the one that begins with the word "based"and ends ---MR MOLLER: 3, your Honour, yes.HIS HONOUR: --- with the word "actions" before we get to the hyphen.15 MR MOLLER: No, I follow that one.HIS HONOUR: Well, I do too but what’s secret about that?MR MOLLER: Yes. It’s not the best one that I want to take your Honour to.20 That’s why ---HIS HONOUR: No, no, that’s ---MR MOLLER: Yes. That’s why I want to come back to it, your Honour. I want to25 take your Honour to page 6.HIS HONOUR: Page 6 because you have got a better one there. Is the whole - letme have a look at page 6. Dot point 4 was gone and some of 1.30 MR MOLLER: So your Honour sees area 1. Your Honour sees the title there andyou see the second bullet point, second square point, whatever we might call it ---HIS HONOUR: In 1. Yes,35 MR MOLLER: -.. - and your Honour can read that.HIS HONOUR: That’s an issue.40MR MOLLER: It’s an issue but it’s an issue between bank and grower.HIS HONOUR: Yes. But so what?MR MOLLER: Well, exactly. So what ---45 HIS HONOUR: It’s an issue. Not only that, it is a self evident line of inquiry.MR MOLLER: What’s it got to do with this application though, your Honour?.VtD836/2010 26.10.10 P-26'commonwealth of AustraliaMR MOLLER

HIS HONOUR: Because I read the document.MR MOLLER: I understand that but the relationship between bank and thecompanies, I can accept.1015HIS HONOUR: One of the things I was looking for was to see whether or not thisdocument anywhere dealt with, for example, the merits of claims by the banks inrespect of the growers, merits. Let’s say the administrators have expressed a view onthe merits of claims and they might have to take a different stand as administrators.MR MOLLER: Ask this question, your Honour. Just framed that way, what standcould the administrator take as to the bank’s claim against the grower?HIS HONOUR: That might be a fair question. I think ---MR MOLLER: The administrator is not an administrator of a party or of a companythat’s party to that contract. It is completely - that’s why it’s a good example inforcing the submission.20 HIS HONOUR: No, no. But what will happen is, they have each got claims overthe land, haven’t they? They will have and they won’t be the same. And why - Imean, I don’t know what the security documents are, I haven’t read them. They’rejust referred to in the schedule. But so I don’t know what they are but the banksdidn’t just lend money. The lent money so these people can invest in a scheme and25 these people acquired interests in the scheme and I wanted to know whether PBBgave any advice to the banks about these people’s rights which - sure it’s just a loanbut a loan isn’t one part of a much more complicated transaction - and you want topick out the loan part.30 But I was looking for more than just, is there - nobody denies that there’s a loan andborrowed the money from somewhere to put into this scheme. That’s not acontroversial issue. The question is, does this document go further and do theadministrators say things which a creditor might say - here, I’m talking about agrower creditor - might say, "What are you doing? You’re helping them to screw35 me and now you’re looking after me."MR MOLLER: So whether an accountant has advised as to a legal claim that a bankhas against a grower.40 HIS HONOUR: But it will - - -MR MOLLER: Just pause there for a moment, your Honour.HIS HONOUR: It will not be unconnected with the grower’s investment. They45 didn’t borrow money for any purpose other than to put into these schemes.MR MOLLER: I follow that..V1D83612010 26.10.10 P-27'Commonwealth of AustraliaMR MOLLER

HIS HONOUR: So why were they treated in isolation? Just a loan. It’s not just aloan and nobody would - to look at whether there is any recovery, nobody will lookat just the loan unless they didn’t know what they were doing.5 MR MOLLER: Well, when you say anyone, does your Honour mean theadministrator or the grower or the bank?1015HIS HONOUR: Well, whoever had asked the question, "Can you get your moneyback?" They’ll say, "Look at all the documents and I’ll tell you what! think."MR MOLLER: The documents between the bank and the grower.HIS HONOUR: But not necessarily. Why? That’s what you think. I don’t thinkthat.MR MOLLER: Well, that’s the point that I want to - so that’s the concern there,your Honour. Now, with my friend’s written submission, he takes us to the table onpage 7 and he says it should be revealed. Page 19 of his written submission,20 HIS HONOUR: No, I haven’t got the submissions here but you can deal with it.25MR MOLLER: Yes. Well, what I want to do, your Honour, is - the point I want tomake to your Honour is that matters which have been redacted don’t go to anythingto do with the relationship with the banks to the companies. Solely with the growers.HIS HONOUR: That might be true but! don’t know that that’s the question. Thisis a document that I read. The question is, is it contrary to the interests of justice thatit be made public.30 MR MOLLER: Yes, your Honour ---HIS HONOUR: Is that the question ---35MRMOLLER: -- - because -- -HIS HONOUR: That’s the statutory question.MR MOLLER: The bank has got - we want to do a proper submission to yourHonour on that and we have got the benefit of what our friend says. But our short40 point is that it’s not relevant to the proceeding before you. It’s not relevant to theremoval application and there is a prejudice to the bank in that these issues, whichhave been recorded in this draft report, should be available to the public and allconcerned.45 HIS HONOUR: I know. I understand that that’s the submission but if I go back topage 4 or 3, whatever I started to look at just as a good example, box 3 ---.Vm836/201 026.10.10 P.28'Commonwealth of AustraliaMR MOLLER

MR MOLLER: Yes, I follow that, your Honour.HIS HONOUR: - - - how can the bank be prejudiced? Or even if! take the lightestof possible tests, how can the bank be disadvantaged?MR MOLLER: Yes, because your Honour would say, "Well, that’s just acommercial consequence." I follow that argument and standing in front of yourHonour, that is not as good in this example as the other ones I have taken yourHonour to.10HIS HONOUR: Well, then why don’t we do this. We’ll defer it. You go through itand tell me what you really reckon is - and it can’t include statements like, youknow, self evident things like, "We have got to review these kinds of documents."Some of the comments that are made are just so self evident that nobody would read15 them and say anything other than, "Well, that’s fair enough. He’s got to do that andhe’s got to do that and he’s got to do that" and so on.MR MOLLER: But it goes a little further - -.20 HIS HONOUR: No, no, in some respects it might.MR MOLLER: It goes a little further and if I take your Honour to that page 6. Area1, second bullet point.25 HIS HONOUR: Hang on, I have got to go to the redacted version.MR MOLLER: "What is the extent of," then the phraseology there. That readingout loud. Sure, you have got to look for that and that’s obvious but it goes somewhatfurther and your Honour sees some of the commentary that arises later in the report30 about some of these issues that go further than simply issue spotting. They go intothe - not so much the merits but they go into the depths and that is what has nothingto do with this application, your Honour. We’ll do a note to your Honour goingthrough them.35 HIS HONOUR: Okay.MR MOLLER: I’ll come back to where we started. Should that come before thepublication of your Honour’s reasons or?40 HIS HONOUR: I don’t mind. If you want to wait, you can wait. I’m content withthat to happen.MR MOLLER: If your Honour pleases.45 MR SLATER: Your Honour, one last and very brief point on what my friend said.Without going into the contents of what’s referred to in appendix B there, it relatesonly to one example out of X number of thousands. So I’m not sure that that is.V1D836/201026.10.10 - P-29'Commonwealth of AustraliaMR SLATER

particularly relevant or particularly revealing of anything particularly sensitive. Asto the relationship of this being said between the banks and the growers, I would saythere’s several answers to that. Firstly, it appears that Willmott, in its various guisesand companies also acted as a loan originator for the Commonwealth Bank. Right5 there, we, of course, come into things such as the ASIC Act, section 51 of the TradePractices Act, quite possibly ---HIS HONOUR: I don’t know if that’s mentioned here though.10 MR SLATER: No. It’s not mentioned there but there is a link between the bankand the loss of investment, if you like.HIS HONOUR: But that’s got nothing to do with this report.15 MR SLATER: Yes, but it is relevant, however, to what the relationship would bebetween the growers, as creditors, versus the bank and versus PBB as administrator.HIS HONOUR: It might but then I don’t care about that.20 MR SLATER: And that’s what joins those as concluded by the ---HIS HONOUR: But that really has got nothing to do with me nor this application.MR SLATER: This application is whether there’s anything in here that would truly25 prejudice the bank for something that’s been put into evidence. I don’t think - and asyour Honour correctly points out, it’s not that it’s embarrassing to the bank. That’snot the test. The test is whether it fits within section 50 of the Federal Court Act andthat’s a very narrowly circumscribed test and just simply being embarrassing that theCommonwealth Bank was foolish is not enough to cast it into that protective mode.30 That would be my submission, your Honour.HIS HONOUR: Yes. Thank you.MR CRAIG: Your Honour, could I mention one final matter. Out of an abundance35 of caution, if the order appointing my clients as administrators could take effect from4 o’clock today. Just - - -HIS HONOUR: I’ll pronounce the orders now.40 MR CRAIG: Now. Thank you, your Honour.45HIS HONOUR: But you had better give me - so they’re effective - no. I don’tknow whether I made it clear but I do make an order removing Mr Fernandez and Ido make an order appointing your clients.Now, there used to be a common law rule ---.V1D83612010 26.10.10 P-30'Commonwealth of AustraliaMR CRAIG

MR MOLLER: Yes. You’re looking at the counsel for the plaintiff, yes.HIS HONOUR: There was a common law rule that used to take effect in themorning but, in some cases, it doesn’t work quite like that. So it’s effective now. So5 you’re in a position where you can take possession of the books and records andwhatever you have to do. But to be on the safe side, I think it’s not a bad idea if I getthe minutes sent up to my chambers today, soon. You can do them and send them upto me in Word.10 MR CRAIG: Yes, your Honour.HIS HONOUR: Okay.MR CRAIG: Just really Mr Fernandez appointing Mrs Carson and Crosbie and then15 - - -HIS HONOUR: And record the undertaking ---20MR CRAIG: Record the undertaking.HIS HONOUR: --- and I’ll change 447 and make the 447A order as well.MR CRAIG: 447A order and then just reserve everything else including costs.25 HIS HONOUR: Correct. Yes.MR CRAIG: If your Honour pleases.30HIS HONOUR: Is that it? Okay. Thank you all. I’ll adjourn.MATTER ADJOURNED at 3.30 pm ACCORDINGLY.VTD836/2010 26.10.10 P-31'Commonwealth of AustraliaMR CRAIG

(iIN THE FEDERAL COURT OF AUSTRALIAVICTORIAN DISTRICT REGISTRYNo.ofIN THE MATTER OF WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERSAPPOINTED) (ADMINISTRATORS APPOINTED)ACN 063 263 650WILLMOTT FORESTS LIMITED (RECEIVERS AND MANAGERS APPOINTED)(ADMINISTRATORS APPOINTED)ACN 063 263 650IN ITS PERSONAL CAPACITY AND IN ITS CAPACITY AS RESPONSIBLE ENTITY OFEACH OF THE MANAGED INVESTMENTS SCHEMES LISTED IN SCHEDULE I AND INITS CAPACITY AS MANAGER OF THE UNREGISTERED MANAGED INVESTMENTSCHEMES LISTED IN SCHEDULE 2First PlaintiffCERTIFICATE IDENTIFYING EXHIBITCRAIG DAVID CROSBIESecond PlaintiffIAN MENZIES CARSONThird PlaintiffThis is the exhibit marked "CDC-8’ now produced and shown to Craig David Crosbie at thetime of swearing his affidavit on 25 November 2010.Before me: .DANIEL JOSEPH BRIGGSArnold BOch LelbierLevel 21 333 Collins StreetMelbourne 3000An AUStrnII&n Legal PractitIoner within themeaning of the Legal Profession Act 2004Filed on behalf of the PlaintiffsARNOLD BLOCH LEIBLERDX 38455 MelbourneLawyers and Advisers Tel: 9229 9999Level 21 Fax: 9229 9900333 Collins Street Ref: 01-1565015Melbourne 3000(Leon Zwier)

RpB AYAWILLMOTT GROUPREMUNERATION REPORT FOR PERIOD26 OCTOBER TO 15 NOVEMBER 2010

ADMINISTRATORS’ REMUNERATION REPORT FOR PERIOD26 OCTOBER TO 15 NOVEMBER 2010WILLMOTT GROUP OF COMPANIESWillmott Forests Limited (ACN 063 263 650) (WFL")Witlmott Finance Pty Ltd (ACN 081274 811)Willmott Forest Products Pty Ltd (ACN 103 019 094)WilImott Forests Investment Management Pty Ltd (ACN 098 718 837)WilImott Forest Nominees Pty Ltd (ACN 085 588 772)Willmott Energy Pty Ltd (ACN 130 251 759)Wilmott Subscriber Pty Ltd (ACN 134 963 027)Bioenergy Australia Pty Ltd (ACN 096 335 901)Bioforest Limited (ACN 096 335 876)Willmott Notes Pty Ltd (ACN 134 963 036)(All Administrators Appointed)(All Receivers And Managers Appointed)(together, Willmott Group)BACKGROUNDCraig Crosbie and Ian Carson (Administrators) were appointed Administrators of the WillmottGroup by order of the Federal Court of Australia on 26 October 2010.The Company is the Responsible Entity and Manager of the schemes set out in Schedule I andSchedule 2 to this report (Willmott Schemes).This report identifies the fees incurred by the Administrators in the conduct of the administrationfor the period 26 October 2010 to 15 November 2010 (Period).All of the Administrators’ fees incurred during the Period related solely to WFL. If costs in anylater period relate specifically to other companies within the Willmott Group, we will address thisin the relevant remuneration report.During the Period, the Administrators have: conducted investigations and a review of key scheme documents, an analysis of a 6month budget for the Willmott Schemes and recently commenced a scheme viabilityanalysis; commenced investigations into the affairs of the Willmott Group, including a review ofbooks and records of WFL and discussions with key management personnel; had dealings with various key stakeholders including regular meetings with therepresentatives of the investors (Growers), dealings with the secured creditors andReceivers and Managers, employees and unsecured creditors; investigated the costs expected to be incurred by WFL as owner and manager of theWillmott Schemes including, for example, statutory costs and fire preparedness;

had dealings with WFL’s insurer to determine the current insurance position andnegotiate further cover, and writing to all Growers to advise them they have an option toinsure their woodlots; commenced an expressions of interest campaign for recapitalisation, restructuring, orreplacement of the responsible entity or manager of the Willmott Schemes; and ensured that all statutory responsibilities have been met, including lodgement of formswith AS IC and the ATO.BASIS FOR CHARGING FEESThe Administrators’ rates were provided to the Federal Court on or before 26 October 2010 byway of letter to Clayton Utz dated 21 October 2010 which was produced to the Court. TheAdministrators’ rates are set out in Appendix A to this report.The Administrators’ fees are charged on the basis of time spent on the administration inaccordance with Insolvency Practitioners Association guidelines. The Administrators have takenall reasonable steps to ensure that the employees engaged in the administration have theappropriate experience for the work conducted.This report identifies in respect of all foes: the nature of the work performed; the amount of time spent by the Administrators and their employees; the seniority of those personnel; and the rates charged in respect of those personnel.3 STAFFING OF ADMINISTRATIONLEVEL NAME RESPONSIBILITY EXPERIENCEPartner Craig Crosbie Appointee 21 YearsPartner Ian Carson Appointee 30 YearsPartner Cohn Egan Expressions ofInterest Program18 YearsDirector Barry Wight Team Leader 17 YearsDirector Les Cullen Scheme Analysis 25 YearsDirector Carl Hoerner Scheme Analysis 15 YearsDirector Anthony Natoli Expressions ofInterest ProgramSenior Manager Aaron Finlayson Expressions ofinterest ProgramManager Michael Carmody Statutory & TradeOn Management25 Years9 Years5 1,6 YearsManager Ben Te Wierik Investigations 6 YearsSupervisor Bridgette Watson Grower’s Liaison 4 Years

Supervisor Michael Paterson Scheme Analysis 5 YearsSupervisor Ronan Lehane Remuneration 4 YearsAnalyst I Evan Wright Expressions ofInterest Program4 YearsAnalyst I May Kelly Creditors 2 1/2 YearsAnalyst I Roydon Saldanha Budgeting 2 YearsAnalyst I Diana Micovski Statutory 2 1/2 YearsAnalyst 2 Robert Gold Creditors 2 YearsAnalyst 2 Anna Sajben AdministrativeTasks2 YearsGraduate Christopher Tung Scheme Analysis 1 YearBookkeeper Fatima Onal AdministrativeTasksPersonal Assistant Sky Austin-Martin AdministrativeTasksPersonal Assistant Taryn Green AdministrativeTasks6 Years5 1/2 Years6 Years4 FEES INCURREDThe Administrators’ fees incurred during the Period in performing scheme-related tasks as part ofthe administration total $105,479.90.The Administrators’ fees incurred during the Period in performing non-scheme-related tasks aspart of the administration total $122,936.60.A breakdown of these fees is recorded in Appendix B to this report (summary of hours spent)and Appendix C to this report (summary of work completed).5 ANALYSIS OF TIME SPENT ON ADMINISTRATIONThe fees incurred by the Administrators can be broken down into the following categories: scheme-related costs; administration; assets; creditors; employees; investigation; and trade on.

The distribution of fees incurred amongst these categories is illustrated in the graph below.Distribution of Fees by Task40/0 Scheme Costs 0 Administration U Assets S Creditors U Employees U Investigation U Trade OnScheme related costs comprised 46% of the overall fees incurred by the Administrators duringthe Period. Tasks in this category include: analysing the nature and viability of the Willmott Schemes; dealing with Growers’ concerns and queries and reviewing various Growers’ reports; preparing all relevant documents to conduct an expressions of interest campaign forthe Willmott Schemes; and overall management of the Willmott Schemes going forward including preparation ofbudgets.In relation to general administration costs a significant amount of time has been spent dealingwith the following areas: liaising with stakeholders, including creditors and employees; complying with statutory requirements, including lodging forms with ASIC and theATO; corresponding with suppliers and landlords; investigations into the Bombala land and valuations attributed thereto; and insurance.A detailed breakdown of time spent on all areas is set out in Appendix C of this report. Individualtimesheet records can be provided upon request.

6 SENIORITY OF PERSONNELDue to the recent appointment of the Administrators and the complex nature of the administration,there has been a greater need for the involvement of senior staff to date, in directing theadministration and overseeing the team of employees assisting with the administration.The Administrators expect that as the administration progresses, senior staff will become lessinvolved and the bulk of the Administrators’ fees incurred will be attributable to mid-range andjunior staff.There have been three directors involved full-time during the Period in the following roles: Barry Wight overall team leader involved in overseeing the administration in its entirety. Les Cullen & Carl Hoemer - responsible for overseeing the analysis and review of theWillmott Schemes.A Senior Manager has been Involved full time in an advisory role working on expressions ofinterest for: the Willmott Schemes; possible restructuring or recapitalisation of The Wlmott Group; and asset acquisitions.Managers and Supervisors have been active in dealing with a number of important issues suchas liaising with creditors and Growers and complying with statutory requirements.Junior staff have assisted in supporting senior staff in dealing with such things as creditors’ andGrowers’ queries and the analysis of scheme documents.The breakdown of work conducted during the period in terms of seniority of personnel isillustrated in the graph below:PositionHours Worked by PositionPartnerDirectorSenior ManagerManagerSupervisorSenior Analyst 1Analyst 1Analyst 2GraduateBookkeeperPA0 50 100 150 200Number of Hours

Schedule I - Managed Investment SchemesWillmott Forests 1989 - 1991 ProjectWillmott Forests 1995 - 1999 ProjectWillmott Forests ProjectBioForest Dual Income Project 2006BioForest Sustainable Timber and Biofuel Project 2007Willmott Forests Premium Forestry Blend ProjectWillmott Forests Premium Forestry Blend Project - 2010 ProjectWillmott Forests Premium Timberland Fund No. 1

Schedule 2- Unregistered Managed Investment Schemes1983 (No Project)1984 (No Project)1985 (No Project)1986 (No Project)1987 (No Project)1989 (No Project)1990 (No Project) - Interest Only Offer1991 (No Project)Mckenzie & Partners - Forestry Partnership No.1 (1993)Grimsey & Associates Pty Ltd - Forestry Partnership No. 1 (1994)Grimsey & Associates Pty Ltd - Forestry Partnership No. 2 (1994)Grimsey & Associates Pty Ltd - Forestry Partnership No. 3 (1994)Mckenzie & Partners - Forestry Partnership No. 2 (1994)1995 (No Project) (Custom)Sharp/Reed Plantation Project -1998 Information MemorandumWillmott Forests - Professional Investor - 2001 Project - 2001 Information Memorandum2001 (No Project)WilImott Forests - Professional Investor - 2002 Project - 2002 Information MemorandumWillmott Forests - Professional Investor - 2003 Project - 2003 Information Memorandum(2003) and 2003 Information Memorandum (2004)Willmott Forests - Professional Investor - 2004 Project - 2004 Information Memorandumand 2004 Information Memorandum (2005)2005 BioForest Wholesale Project No. 2 - 2005 Wholesale Forestry Memorandum(Bioforest)Willmott Forests - Professional Investor - 2006 Project - 2006 Information Memorandum

APPENDIX AADMINISTRATORS APPROVED RATESPOSITIoN DESCRIPTION HOURLYRATEPrincipal Registered and / or Official Liquidator, Administrator or Registered 560Appointee Trustee in Bankruptcy or Partner, bringing their specialist skills to theadministration or insolvency task.Director/ Principal Extensive insolvency or equivalent experience, at least 5 years at 460manager level as a qualified accountant and capable of controlling allaspects of an administration.Senior Manager More than 7 years insolvency or equivalent experience, at least 3 of 440which as a manager and qualified accountant. Answerable to theappointee but otherwise responsible for all aspects of administration.Experienced at all levels and considered very competent Controls staffand their training.Manager 6-7 years, qualified accountant, with well developed technical and 330commercial skills. Is constantly alert to opportunities to meet clients’needs and to improve the clients’ future operation either by revenueenhancement or by reducing costs and improving efficiency. Controls 2-4staff.Supervisor 4-6 years. ICAA/CPA or equivalent qualification. Has conduct of minor 300administrations and experience in control of 1-3 staff. Assisting with theplanning and control of medium to larger jobs.Senior Analyst 1 2-4 years. ICANCPA is normally completed within this period. Assisting 234Senior Analyst 2Analyst 1with the planning and control of small to medium scale jobs as well asperforming some of the more senior work on larger jobs. 2150-2 years. ICAA/ CPA is normally commenced within this period.Required to assist in day to day fieldwork under supervision of moresenior staff.Graduate 0-1 years. Has recently completed an appropriate degree. Required to 154assist in day to day fieldwork under supervision of more senior staff.Undergraduate Undertaking an appropriate degree. Required to assist in administration 154and day to day fieldwork under supervision of more senior staff.Senior More than 5 years experience dedicated to specialised IPS/Sol 6 154Bookkeeper processing.Bookkeeper Skilled operator dedicated to specialised IPS/Sol 6 processing. 150PA Appropriate skills including machine usage. 150Administration Non qualified. Classification depends on experience, salary and 95complexity of work to be conducted.200

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APPENDIX CDESCRIPTION OF WORK SCHEDULEWILLMOTT GROUP OF COMPANIESSummary of work undertaken for the period 26 October 2010 to 15 November 2010.Task Area General Description Includes Appropriate Resources EmployedAnalysis of Schemes Review of various Public Disclosure Statements,information memoranda and other scheme documents to The analysis of the schemes has primarily beenunderstand the nature of the schemes and theconducted by Les Cullen and Carl Hoerner, bothdifferences between them.Directors. Messrs Cullen and Hoerner have experience Understanding variations between registered and non with MIS and were therefore appropriate for this task,registered schemes.particularly given the level of complexity involved. Analysing viability of various schemes, with reference to Supervisor, Michael Paterson, and Graduate, Chrismaturity, size and location of plantation, together withTung, also assisted Messrs Cullen and lloemer withscheme structure.non-complex tasks which were deemed appropriate for Assessment of short and long term schemes and their level of experience.discussions with Receivers and Managers and company It was necessary for the MIS team as detailed oppositeemployees,to attend regular meetings to allow effective Liaising with legal advisors re scheme legalities to understanding of the complex schemes and informationestablish how to deal with varying constitutions andto be shared efficiently.Scheme Relateddifferent projects within schemes.Costs Meetings between the MIS team consisting of LeaTotal:Cullen, Carl Hoerner, Christopher Tung and MichaelPatterson to share information and to discuss various$105,479.90issues, including review of key scheme documents,viability analysis and plantation maintenancerequirements.Grower Liaison Work on creating a Frequently Asked Questions ( FAQ’s) Primary oversight for Grower liaison was performed bylist for dealing with Growers’ concerns.Supervisor, Bridgette Watson, who is considered to have Discussions surrounding budgeted cashflow and the requisite level of expertise, noting significantproviding information to Growers.involvement with Grower issues since the Administrators’ Correspondence with Rachel Grant of Willmott regarding appointment.Grower register and data extraction. Administrator, Craig Crosbie, has attended all Grower Dealing with Grower enquiries, meetings along with Ms Watson, and provided necessary Analysing cash flow on a scheme by scheme basis. guidance and oversight on Grower related issues where Preparing for, and meeting with, Grower representatives, appropriate. Robbie Gold, Analyst 2 level, has provided assistancewith any routine or administrative tasks.

Task Area General Description Includes Appropriate Resources EmployedGrower Liaison Attendance at meeting with Willmott Action Group(WAG) and Wuilmott Growers Group (WGG) to updatethem on progress of the administration and strategygoing forward.Review of 2009 and 2010 Growers’ Reports. Meeting with Paul Kaiser of King’s Insurance Brokers tonegotiate terms of Growers’ insurance policy.Consider letters from Macpherson & Kelley regardingGrower claims for damages.Dealing with information and document requests fromWAG and WGG.EOtlRecapitalisation Preparation of timeline for ’expressions of interest’ Senior Manager, Aaron Finlayson, with specialist skills inprocess, outlining key tasks to be carried out andCorporate Finance has primary oversight in analysingupdating once tasks are commenced or completed.the schemes and leading the expressions of interest Prepare advert for expressions of interest and placement process. The complexity of this administration requiresin newspapers.someone who has Mr Finlayson’s experience in running Liaison with newspapers. similar types of processes and dealing with interested Preparing expressions of interest pack of documents for parties.circulation to interested parties.Preparing list of potential interested parties andcontacting those parties.Discussions with Administrators’ legal advisers as todisclosure of documents and treatment of confidentialinformation.Scheme Maintenance Discussions with David Sherwood (KordaMentha) and Director, Carl Hoerner, has primarily conducted thisStephen Addicott (Willmott) regarding scheme cashanalysis, noting his experience with MIS.budgets for FY 2011. Michael Paterson, Supervisor, also provided assistance Meeting with Steve Addicott (Willmott) re preparation of in the analysis of forestry costings, where appropriate.forecast profit and loss statement to June 2011 andreview of same.Sale of Real Property Discussions with Mr D Thomas from MS Property, the Administrator, Craig Crosbie, has predominantly carriedvaluer previously engaged by Willmott, regardingout tasks in relation to real property, noting his previousvaluations of land.experience in property matters and the requirement to Telephone discussion with Messrs Sutherland and deal with senior personnel within external propertyAssets Brown of Sutherland Farrelly, a property valuation organisations.Total: t4 j 4 e an company, regarding the Bombala, NSW, sites and nature Manager, Ben Te Wrerik, has assisted the Administratorof previous valuations conducted.in relation to property related tasks, particularly in Review property valuations provided by M3 Property as relation to the investigation into unencumbered land,at June and August 2010.noting this largely involved research and discussion with Discussions in relation to Shannon’s/Goldsands property Wdlmott management. As such, Mr. Te Wierik is at thewhich is unencumbered land in Bombala andappropriate level of seniority for this task.assessment of its sates potential.

Task AreaGeneral DescriptionlIncludesAppropriate Resources EmployedLeasing Review of correspondence received from landlords, Barry Wight, Director, was primarily involved in dealingsincluding notices of breach, and discussions with legalwith leased land, which required the review of numerousadvisors regarding Willmott’s response,agreements and obtaining legal advice. Mr Wight is the Reviewing leasing documents and understanding primary contact with the Administrators’ legal advisors.underlying rights and obligations.Mr. Wight has extensive experience in dealing with Review of leased vehicle register and correspondence to leasing issues from previous insolvencies and isEsanda Finance in respect of vehicles to be retained ortherefore appropriate for this task.returned. Michael Carmody, Manager, assisted with the collation of Review of correspondence from Forests NSW. relevant documents and initial review of the aboveleases, as well as a review of leased forestry motorvehicles, noting one of his primary roles is to assist theAdministratorswithoperational matters.Creditor Enquiries Receive and follow up creditor enquiries via telephone Robbie Gold, Analyst 2 level, has primarily dealt with aand email,high volume of creditor issues such as phone calls or Maintaining creditor enquiry register. emails, noting these tasks are non-complex or of a Review and prepare correspondence to creditors and routine nature.their representatives via telephone and email. Review and consider letters from Forests NSW regardingmaintenance works _on_ leasehold _land.Creditor Reports Commence drafting Section 439A report to Creditors. Robbie Gold, Analyst 2 level, has been responsible for Collation of contact information for all advisors, commencing the Section 439A report outline as well ase Review of numerous emails from the Committee of compiling the Committee of Creditors details and dealingCreditors regarding preparation for meeting.with their enquiries. These tasks are not complex and ofan_ administrative _nature.Creditors Secured Creditor Meetings with KordaMentha to firstly receive an update Barry Wight, Director, has primary responsibility forTotal: $16,249.80 on the current status of administration and thereafter to liaison with KordaMentha staff as he has extensiveshare information,insolvency experience and knowledge. Mr Wight has Numerous telephone discussions and email also dealt with enquiries direct from the securedcorrespondence with KordaMentha regarding access tocreditors, noting he has extensive experience in dealingbooks and records, investigations and operationalwith such stakeholders.issues. Ian Carson and Craig Crosbie have been involved in Letters to secured creditors formally advising of meetings and discussions with the Receivers andappointment.Managers and secured creditors. This is considered Other correspondence with secured creditors appropriate given the complexity of issues involved, the Telephone conversation with Mr Berger of CEA decision making required and level of seniority ofregarding Committee of Creditors Meeting.secured creditors’ staff participating.Dealing with Proof of Debts Receiving, review and processing of Proof of Debt forms Robbie Gold, Analyst 2 level, has primarily dealt with afor 386 unsecured creditors totalling $27,903,844.high volume of proofs of debt, noting these tasks are Review of incoming mail and distribution to appropriate non-complex or of an administrative nature.staff.

Task Area General Description Includes Appropriate Resources EmployedEmployees Enquiry Extensive phone conferences with Rachel Grant Michael Carmody, Manager, has primary responsibilityregarding current employee resources.for dealing with all employee issues, noting he has also Meeting with Wdlmott employees to discuss ongoing been dealing with Willmott employees throughout theroles.administration in regard to forestry management andDealing with general employee enquiries, insurance matters. Mr Carmody has extensiveEmployees Assessment of employee resources as per Receivers experience dealing with employee issues in otherTotal: $1,949.00 and Managers correspondence received, insolvency administrations. Engaging with KordaMentha to discuss WillmoWsongoing _staffing _requirements.Other Employee Issues Review of employee requirements at Willmott Head Barry Wight, Director, has reviewed Mr. CarmodysOffice and onsite at the Bombala plantations.reporting on employee issues and sought approvals from Liaise with Receivers and Managers and key Willmott the Administrators where appropriate. He has alsomanagement personnel,liaised with the Receivers and Managers where Consider nature and quantum of employee entitlements, necessary.Trade On Management Extensive review of supply and trading agreements Barry Wight, Director, has primary responsibility ofbetween Visy Pulp and Wdlmott and preparation ofmanaging the Administrators’ team across a number ofcorrespondence to Visy regarding ongoing operations,trade-on issues, noting his extensive insolvency and Review of trade agreement with Hancock Forestry. operational experience. Review of Harvest Agreement between Willmott and SF Michael Carmody, Manager, has provided the majority ofForestry,support to Mr Wight in completing various tasks such as Management of PPB team including review and approval reviewing agreements, drafting correspondence, dealingTrade On correspondence, providing guidance on trade on issues with employees etc. MrCarmody’s level of insolvencyTotal: ’’ti and discussions with the Receivers and Managers re experience was appropriate for dealing with various39" sotrade-on issues. stakeholders and reviewing documents. Various trade on management issues includingapplication for finance letter and discussion withfinanciers, instructing Wlmott employees, discussionswith Receivers and Managers on access to informationand other issues. Meeting with Rob de Fegely, independent forestryexpert, regarding advice on viability of the variousplantations, forestry strategy and retention of keypersonnel.Conducting Investigation e Investigation of funding alternatives. Craig Crosbie, Administrator, has primary responsibility Investigating statutory land maintenance requirements for leading the administration team and providingand associated risk implications,guidance and leadership where appropriate over alladministration issues. This is considered critical to anInvestigationeffective management of the team. Investigations toTotal: $3,506.00Examinations Meeting with Marcus Derham director of W’ullmott Group. date have focussed on key risk areas requiring directappointee involvement.Craig Crosbie and Ian Carson, Administrators, held ameeting with a Willmott Group director, which isappropriate given the company officer’s level of seniorityand the issues discussed.

Task Area General Description Includes Appropriate Resources EmployedLegal Obtain and review legal advice regarding application for Barry Wight, Director, is primarily responsible for liaisondirections (including proposed finance facility, schemefunding and insurance),with the Administrators’ legal representatives, includingthe dissemination of information between the legal andAdministrators’ teams. Mr Wight has been extensivelyinvolved in affidavit preparation, noting Mr Wight hasgeneral oversight of the Administrators’ team and thecomplex issues involved.Craig Crosbie, Administrator, has been closely involvedwith various legal issues, including the court applicationprocess, scheme funding and insurance.Correspondence Review and respond to email from Mr D Perrett from Outward correspondence has been prepared and inwardWillmott Action Group.correspondence dealt with by various team members Review and respond to email from Mr R Craig of counsel since the commencement of the administration, notingre proposed court orders.this section covers a wide range of issues as detailed. Review correspondence from Avitus Fernandez, former initial drafts of correspondence are prepared by junioradministrator, regarding arrangements for handover.staff before being provided to management staff (such as Correspondence with to Arnold Bloch Leibler, Michael Carmody) for review.Administrators’ solicitors. Administrator, Craig Crosbie, has been involved in Drafting correspondence to landowners Hancock Vic reviewing final drafts of correspondence before signing.Plantations Pty Ltd and Forestry Commission of NSW.Drafting letters to legal representatives for AboGenAustralia Pty Ltd, Eastern Forest Nursery Pty Ud andWithcott Seedlings regarding various seedling contracts.Review and respond to correspondence from Mr DAndrews from Slater and Gordon.AdministrationTotal: $75,022.20 . Review correspondence from Aliens Arthur Robinsonregarding letters issued by Macpherson & Kelly on behalfof growers.Consideration of letter from KordaMentha re Plantationand Reforestation Code Regulation 2001.Drafting letters to ATO re GST registration andCommonwealth Bank re-establishing a bank account.Preparation and review of RATA letters to the directorsof the various entities.ASIC/ITSA Forms Preparation and review of statutory forms and lodgement Anna Sajben, Analyst 2 level, was involved in thewith ASIC.preparation and lodgement of statutory forms. Ms.Sajben was an appropriate member to carry out this taskdue to the routine nature of the task.Michael Carmody, Manager, reviewed relevant statutoryforms for accuracy and Craig Crosbie, Administrator,executed them prior to lodgement

Task Area General Description Includes Appropriate Resources EmployedDocument Establishing IT and data storage systems for Fatima Onal, Bookkeeper, was involved in theadministration and updating of appointment register.establishment of job codes. This is part of Ms. Onal’sMaintenance/File Review and establish internal time recording codes. primary responsibilities at PPB.Review/ChecklistEstablish and ongoing update of administration checklist. Michael Carmody, Manager, had primary oversight In theestablishment of an internal checklist and relevant timecodes and communicating such information to teammembers. Mr. Carmody’s level of seniority is required tomonitor time recording, checklist maintenance anddelegationof tasks to be performed.Meetings - Internal Voluntary Administration Team meetings. It was necessary for the Administrators’ team to meet ona regular basis, noting the complex nature of thisappointment and a number of interrelated issuesrequiring _sharing _of knowledge.Meetings - External Meeting with Rachell Grant - Growers Relationship Administrators’ staff attend external meetings where theirManager to discuss numerous matters including, but notinvolvement is necessary for the effective managementlimited to, insurance of standing timber, grower relations,of the administration.staffing requirements and a general overview as to the The seniority of staff involved in external meetings isposition with the various schemes.dictated by: Meeting with Rob Dc Fegley, an independent forestry the complexity of the discussions to occur; andexpert, in relation to the Bombala land and related the level of decision making required.matters, including background discussion regarding thecompany. Craig Crosbie, Administrator, and Barry Wight, Director, Attendance at Wrllmott Forests Head Office to meet with attended a meeting with a forestry expert to discussAndrew Knight - KordaMentha and Rachel Grant- Clientgeneral forestry strategy, maintenance issues andRelations Manager.associated risk. Michael Carmody, Manager, attended a meeting withWiltmott’s Grower Relationship Manager given hisresponsibility to deal with grower related insurancequeries.ATO & Other Statutory Correspondence with the ATO regarding registration and Michael Carmody, Manager, conducted a review ofthe Commonwealth Bank regarding establishment of ancorrespondence prepared by junior staff prior to signingReportingaccount.by Craig Crosbie, Administrator. As Administrator, Craig Crosbie, was involved intelephone discussions with Senior ASIC staff which Isappropriate _noting _appointee obligations to the regulator.

Task Area General Description Includes Appropriate Resources EmployedInsurance Discussions surrounding insurance requirements of Barry Wight, Director, was largely involved in keyWillmott as the Responsible Entity/Manager of variousinsurance discussions and reviewing information toschemes.ensure appropriate insurance was effected. Mrwight is Obtaining insurance information from company records, considered to have suitable seniority and insolvency Reviewing and obtaining legal advice in relation to experience to undertake this task given the riskinsurance policies,considerations concerned. Discussions internally regarding risk considerations and Michael Carmody, Manager, assisted with the process ofinsurance requirements.collating insurance information and presenting this to Mr Review of broker risk report and liaising with Willrnott Wight for consideration and arranging meetings withinsurer to discuss Standing Timber policy,insurance brokers and others. Mr Carmody has strong Telephone conversation with Deborah Chong of Willis background experience from prior insolvencies in regardInsurance regarding IMI policy and seeking clarificationto insurance issues and oversees insurance mattersof key policy terms.generally at PPB.Review Agricola insurance policy. Meeting with insurance broker and discuss proposedamendments to terms of policy.Review of fire maintenance planning at Willmott Group. Meeting with Paul Kaiser of King’s Brokers and PaulSeamer of Agrigcola to discuss standing timberinsurance requirements.Planning! . Conferences with Arnold Bloch Leibler to discuss various Planning and supervision has primarily been carried outReview/Supervision ofStaffcomplex issues that required legal advice,by Craig Crosbie, Administrator, and Barry Wight, Extensive review of information provided by Director, with guidance and supervision provided to lessKordaMentha pertaining to their appointment assenior members of staff. Senior team members areReceivers and Managers.appropriate for this function given their involvement in all Review and updating of checklist outlining outstanding administration issues and noting the interdependence ofmatters.issues. Internal meeting re discussions with Receivers and Ronan Lehane, Supervisor, has primary oversight of theManagers and banking syndicate.Administrators’ remuneration reporting process. His role Internal discussion regarding preparation of includes ensuring PPB time recording policies areRemuneration Report.adhered to and the preparation of remuneration reports. Internal discussion and provision of background Craig Crosbie, Administrator, has provided instructioninformation re s439A report, particularly identifiedand guidance to:investigations to focus on. Mr Ben TO Wierik, Manager, in regard to Considering Administrators’ remuneration reporting s439A report preparation; andprocess, preparing and reviewing timeline for Mr Ronan Lehane, Supervisor, as to theadministration strategy.remuneration reporting process.Such instruction and guidance Will allow both tasks to beundertaken by staff at appropriate levels in an efficientmanner.Telephone Calls/File Notes Receive call from Lachlan McKenzie at ATO regarding Bridgette Watson, Supervisor, is noted as contact forforest levy liabilities and review of email from same.external enquiries and has the requisite knowledge andexperience _in_ dealing with such matters.

Task Area General Description Includes Appropriate Resources EmployedBooks and Records, Collection and review of books and records provided by Bridgette Watson. Supervisor, was responsible for theStoragethe previous administrator,collection of the books and records of Willmott from theformer Administrator. Ms. Watson has had extensivedealings with the former administrator from thecommencement of this administration. She has therequisite knowledge and experience to complete thistask effectively and cost efficiently.

WtIneott Forests tisnilod(Reocloens and MoosgetoAppolnlod)(Adeelntott0010ns Appointed)NOI05TOCASHFLOWFORTREPFJOIOD 29.11.100. 25.03.11This c000 floe boo bets ptepoeed cue 120 bid. thai the Cooup.ey t011 .oly lec,ruoleluo.l cool. 02.010104 with II. cole so Reopocotble BoOty.Coot000110hoe000lo.loeod0000ml001he.dolohe0000510lo.tooeooe,eise.eoosdmecllogo(eoodluee,5525rehnoouylolo,TRADINGIIOglot,reeutjnootne and 9oct11 tovoeto on 000rdoolo land 01,0 not eopcolod to be ncoleeiot.The Receivers and MOflogolO out ooiunenly holding tuuc000eudhd funds that e.lol.o 10 Sleet uollddoo andnot o,ql000d to be nongdotod toc nonduovotweeks.Eneployueeent Coot.0100 003100, scheme leloled rnonles. B rectors ordeoroc to who is entitled to these funds with ho nevovololon ploc000The Rooelveuo and Managers have cov500ed with the er9lkchnnenl of 0011010 staff which ore being 0505ed bytho Mnlnlstotore. This Intel 05nov03. the Reocloene and Managers willInvohe the Mndurlsntotols such 10011002 fortnightly boots.Eclutoynconl tools include boot oultey. PAYS and ouopeeoecroutoo.Enfluloynmenlo9uocled from I Novnntee 20101023 Fuebloony 2011 (17 weoko).LIFlood Hood 001ccToot Annual P00110gwGrower Rnlcli000 Manager $120,000.00IT PnoJocls Coordinator $ 38,000.00100% olooets 05000ucicd with the above Hood Office staff 5 10 ho boone by the VdutntoryddueutnlolutlonL3100unrnth,l line above .eulllloyeeo one required 10,1 100euedle, 2010-23 February 2011 (llwesbo).Pima note Slot 00-00010 result In. further 25% noelb’op booed on Inuldoos revolved loon R000helo and MonogteO to duels.2.2 Variable Head 011100Toot thunool PackageForest Boolneol M30090r $250,000.00Gonenol MonsOon. Foveott7t000r000no $100,050.00On 000nootvuttoe bond It Is 00000ued that 100% of the time of Stephen and PongAo will be AtBoed by the Vduvtolynduudnlsvslone.5090nro that the above employees ore required for ni000ndtot 2010-23 February 2015 (17weetus).Please note 0121 On-000to leash Ino 100110025% voIle-op booed on Invoices revolved from Recoli010 and Monogoto 10 dote.LIBoorboto StallToot Pttnool PocIt090boding & Houvestng Sopenllcon 8 04,000.00Works Co-ondlvotor $ 42,000.000000 000lIly M000gem- Forestry $ 70,000.00100% of costs osoodolnd with the above 6011410, atoll 10 10 be borne by the Volllnloeyddn*rlobotoet.31000nw 01st above enuloyeeo .rc required loll Novendlen 2010-23 February 2011 (17wenko).Ple000 vote Suolnro.005to neooll In 0 Further 25% urmoeh.op booed on invoices 0000lvod from Rovolutees and Monogens to dote.LI T010potusly 01011Own bndloldutol has been cv,t050t.d to 003101 with the nwnogerrenl of the roil out lne000di0000 of grower Orsorovvo proceeds.Casual contractor at Isle of $IR per 50010 GOT.Egrootnd 10 be required loll Iron from 2 Oocon-Itoo 20101017 Decetnbee 2010.Ectutoled Coot $ 1,620.003 5. ... t OneIIr..d. l)eoo Eoeploynr.nt Coot.)These 00010 O, booed on osUtnoles prepared by Wtllnwlt Aloft and In 0000utitolion with the Revoloelo And Mongers.Bomb.). ovolbeods:3.1 Telnph000 & ITMobile Phones- TeloboNFL Flood LOuct - Telotra$ 1,400.00 A0110ge Pet Month$ 2,000.00 Avert9. Per Month3.2 Power &GosBased on historical ovnrogno, light and power equate 1004% pen nweuth.3.3 Property EOpOn,eClooring 0001001 oppnodmrately $350 per urwcth have been historically involved.0.4 Tronot & A000tenmod080nBooed on 510100001 averages t050el 00010 010 $034 per vontlu to Inspect plantations. However, urr000gtnnnot have requested vIsIto 10 the tileo during Secenbor 2010and J0000ly 2011 at 00510 01 $00 doe 10 the fire season.3.9 Motor V.hlcle Eop.000Stood on htotorlosl ovnrcgoo and current vehicles (do), ooeioned oontthly ovcosgos.Vehicle - Rego & Ins. $ 900.00Vehlde-PeSnl&0l $ 202.08Vohide - Rcpaiut $ 833.00Vehicle .Oth0, $ 417.00booing Costs $ 3,900.00Total $ 6,342.003.0 Enuptoyee AenenItlesBooed on historical ovetogot of $250 pnn0100th.Heed 01110.13.7 Head office general oveetle.d 0005etb0000Coot sharing ogneoncont 10 he entered Int0001th the Revolnne3 and Maoogeuo for 00010 0100vloled with the hood office An South Melsovuve,Eogr,oted SI $200 per weok. -17 weeks3.8 Molt Ott Cools Il05015000Cools kuwotnodoitb respect to tInt nuol 0010111500 Otters to gtolv010 with ncopnot to standing Onto, insurance.Printing Cools $ 4,174.10Mat Costs $ 3,900.00Envelopes 0 400.50P051090 $ 3,900.00An odunemollubon lee has been charged 10 0100OOt wtodl 10 erqtnded to 0040010 above tool..However, o conservative 000,0000 has been token 0050n*rg 01010% oploke and cool, will need 1004 noel by the Mnlnloyalues.4 Flee Prevention /S101000ry CostsBornbata Region 2010-11 W$Imvtt Forests FInn Related BudgetRead M.ieton000c Budget 5 FIn. Prevention BudgetsTotal Budget $123,000[Ponchsoe Dole,lndlcottvo Ucethln Aoo000toppo$tttoeAnwvnl Dnvceetor Jonoory Fobutoly 0041011 AcdLocation I.SonrsntrCu000Po $70,000 $23,100 $23,900 $23,100 SO SO djlplont000no(EroBroidwnod(jiyP0(S.11avkl $5,000 $1,050 $1,700 $1,050 SO $0 Brold000d[i,il Machine PC $16,000 62,400 013.000 10 50 50 Kyhotton, No vnenotl, School. 000ndoo 0910rolosInIng P0 $9,000 $5,400 3,600 $0 SO $0 Non0000 263, Br.Idvvovd Bull-. J-1. 102, Iowa, Paddy, 1101SpeWing P0 90,000 04,800 03,200 SO SO $0 And. 1,2,304FPS Adoloney Confidential

_I$ -I I__ _ESorroobro Egrorp P0 I 015,000 $3,000 i $6,000 $6000 1 00 50 711 podlatoveTotal $123,000 $40,350 I $51,000 1 $30,750 1 SO I SOMV Region 2010-I1 WilItn050 Forests Fire Related BudgetRoad Maintenance Budget & Fire Prenontlon Budget.Total Budget $145,000P0,01,000 OnderlfldIn00V, MnorOrIy Account.001Deeoelpftenklwnnl 0000ntro, January Futhoary Mood, 4er4orretenC,uwPO 545,000 $0 $23,500 $23,500 SO $0 oblPIania6nnotderwvFoEgtlbnPOl $35,000 $17,500 $17 ,500 $0 SO $0 lIPlonta$onoContiulFe,0,rwvjtg Egnir P02 525.000 $12,500 512,500 $0 $0 $5 II Plantations SouthernreOuruntro Equip PO 3 $25,000 $12,500 $12 ,500 $0 SO $5 ilPlonlagoncNortherntdar’ovoiuEgnpPo4 $15,000 $7,500 $7,500 $0 50 50 onohwnon,Murer.eobvnuToNI $145,000 $50,000 $72,500 $22,500NC Silky 2010-11 Wtltnott Forests Fire Related BudgetRoad Maintenance Budgets Fire Prevention Budget.Total Budget $25,000OrderIndIcO Monthly Account.L ocatIony0000nt I 5000,rtior Jetrntaty Feboroy March ftittdI.Sbuthmfb P0520,000 $o 510.000 $10000 I 50 ISo oil PlantationslEoittworko $9,000 $0 54,500 $4,500 $01 50 711 Plantations[TONI $25,000 I So $14,500 I $14,500 I I s0NC Can 2010-11 WlSmott Forest, Fire Related BudgetRued Nelntene000 BudgetS Fire Prevention Budget,Total Budget $40,000Punch,.. OrderUsd100 5 . 72f5plyAccountst’eeoolptloe#ornonl Denoodtnt 4gpg!y_ o ebntary Mooch Pod"1.01*15 525,000 $5 $1 2,550 SO SO All PlanluilonuEadhworh. $23,000 $0 $11,500 SO SO vii PlantationsTotal _$5 $24,000 _SO _$0NT Rocbtear 2810-11 Wlllmott Forests Fire Related BudgetRoad Maintenance Budget & Finn Prevention Budget.Total Budget $20,000rpun,s..eOrderIndicaTvoMnttttrlyA-c,uet.-ti-[DeecriBtion frulwttnl Donunilor00600,0.ge50ly.,March drIll[TrooIt000lng PO$14,000 $7,000 _55 $0 50 $0 Tod,leavlSublokttpenllonl edtyo6lulnlnrrnnno $5,000 $3,000 $5pl5, $0 $0 0 ,incldn,r (SuI4eN toltcpocllon)TnluI 520, 000 _610,000 $10 000 $5 _10 _50The above a1140ron that all etolnloty costt will be required In be Incurred by ten Responsible Enilly, however note this 00,1 my be shored ollh lbs land owner (with the eonopdnn of BorrblN).Please note that subject to 11981 advice these costs MY be shared borunen lend ov,ver.nd Responsible Entity.For onnonnuolivo p,vp0090 100% 01 the costs have been included.Please vole Out cuolo 000001lnd with loosed land (Hancock ldctod.n Plantation Ply Ltd and Forests NOW) have not been included no the buds that lnrrd-nWnow oIl cantfltle those 00010.Fire Suppression4.1In the event of olive on one 01 the plontollnno, a provision ot$lotkhas been node.000.10019010SbetaR000t Coot.Coda aosndoted with the entubliohnwnl 01 the data moon slating 10 the sale 01 boOboo, nangloign.Eotinruted at $40k + CST6 Advertising$010 of business advertising 00010Ba,nd on Indicative figures at $15k Inn 1351)Valuers FeteCosts .00ndatod with obtaining valuation often BonSai, lend005rrrated 01 $3Sit ins daT)oProfessional Fee.Fees .o000uled 04th undertaking Onhenre Puralyolo Wnll,oTots onderlakon byPosry P00,1 Oodn,hy Ply LtdStag. I- 500k + daT - Due 21 January 2011Stage 2-0156 * GST -Due 14 Fobroory 25119 Legal FeecEngrnolod to be 0090k n GST (Baker McKenzie and mEL)10 Voluntary Administrators; Foe, and Expense*Blood upon eoOrn.teo oObtUflnd it Fee Onhothtle for the Period 26 October 2OlO1023 February 201$ plot $106 per ronur for dl,bnt.ottronlc.IIMail Out Cos.daonrneo that printing and oral 0*10001. aaouololed with the second lepoet to creditors 01000010025k.toBank Interest I Change.Booed on 10% nnnnponnding doily 04th interest payable at the end of each nth.11,1 Bank interest lCharge.FletenI nqoeded tab. innloned post 25 March 2010 toting twcnttainty 01 Ore MIS Dm00050 and that inletnol 001191 oroce beyond 23 February 2011 irrespective 010w 1101cc 01 the M,rk0050000.MOnroe that 12 oroeth. of Interest at 10% is applied until 30 Nnne,rten 2011.tOle.un.noCaOloOdth moped to pob9c toblity tan land.Cower, are required In owner this 00010100% enbonibo to ine00000 caner.thven unno,tahtly, for rovoenn.dve mrnao,awo the entire Invoice Is btoluded. Poyot.n in tan lnOtahrinnlO6100100 prodded by Pool 11016w 01 06,9, Inosnonco gnnk010 $24,005.17.FoenerVolnetory AdwlnI,lratore Fe..Eetitmnted leon and log01 0,010 Incurred by FernandeaPor0t.tt *811)01 appointed (6 Sapient-2010-26 Oclnbor 201$)Aootlrrled lots paid allen the tecond 00000$ 01 nod000 0023 Febvtary2olf.FF0 Advisory Cnnhidentul

Iilz2IEIIE EIIII

24 September 2010KordaMenthaA Thomas FernandezFernandez Partners Pty LtdP0 Box 711Glen Waverley VIC 3150By email: fernandezpartners@gmail.comDear Mr FernandezWillmott Forests Limited (Receivers and Managers Appointed) (Administrator Appointed)ACN 063 263 650 ("WFL") - Partial Termination of Receivers’ Appointment1. Appointment of ReceiversAs you know, on 6 September 2010 Mark Korda, Mark Mentha and 1 were appointed as joint and severalreceivers and managers ("Receivers’) of the following companies:I. Willinott Forests Limited (Receivers and Managers Appointed) (Administrator Appointed)(ACN 06-11 263 650) (WFL);2. Willmoti Finance Pty Ltd (Receivers and Managers Appointed) (Administrator Appointed)(ACN 081274 8 1. 1);3. Willmott Forest Products Ply Ltd (Receivers and Managers Appointed) (Administrator Appointed)(ACN 103 019 094);4. Willmott Forests Investment Management Pty Ltd (Receivers and Managers Appointed)(Administrator Appointed) (ACN 098 718 837);5. Willmott Forests Nominees Pty Ltd (Receivers and Managers Appointed) (Administrator Appointed)(ACN 085 588 772);6. BloEnergy Australia Pty Ltd (Receivers and Managers Appointed) (Administrator Appointed)(ACN 096 335 901);7. BioForest Limited (Receivers and Managers Appointed) (Administrator Appointed)(ACN 096 335 876);8. Willmott Energy Pty Ltd (Receivers and Managers Appointed) (Administrator Appointed)(ACN 130 251 759);9. Willmott Notes Pty Ltd (Receivers and Managers Appointed) (Administrator Appointed)(ACN 134 963 036); and(or orate I corely Sei’.kesTurnaround & R ruturin ServicesReal LsIale Advhorvinfottkordameatha.comwww.knrdame.ntha.comLiability limited by a schemeapproved under ProfessionalStandards LegislationMelbourneKordaMentha Ply LtdACN 100 169 391Level 24, 333 Collins StreetMelbourne VIC 3000GPO Box 2985Melbourne VIC 3001Office: 03 8623 3333Fax: 03 8623 3399OfficesAdelaideBrisbaneGold CoastMelbourneNew ZealandPerthSingaporeSydneyTownsvilleCooperation with AlixPartnersChicago MunichDallas New YorkDetroit ParisD sseldorf San FranciscoLondon ShanghaiLos Angeles TokyoMilan Washington, DCP.W7VIVI,

10. Willmott Subscriber Pty Ltd (Receivers and Managers Appointed) (Administrator Appointed)(ACN 134 963 027);(collectively, the "Willmott Forests Group").The Receivers were appointed as receivers and managers of all of the "Charged Property" as defined in thedeeds of charge dated 16 and 17 March 2009 granted by the above Willmott Forests Group companies. Acomplete list of the relevant deeds of charge is set out in Annexure 1 to this letter.In general terms, the "Charged Property" to which the Receivers were appointed comprised all of theassets, undertaking and rights of each of the Willmott Forests Group companies other than:(a)"Excluded Property", which includes the area of land with a radius of approximately 150 km aroundthe township of Bombala, New South Wales (the "Bombala Land"); and(b) "Excluded Trust Property", which includes certain scheme property or trust property associated withthe managed investment schemes operated by the Willmott Forests Group, such as any money orother property held on trust by WFL for Growers in the Schemes.2. Partial Termination of the Receivers’ AppointmentThe scope of the Receivers’ appointment over the Charged Property, as outlined above, included WFL’srole as responsible entity ("RE") of the registered managed investment schemes operated by theWillmott Forests Group (the "Registered Schemes"), WFL’s role as manager of the Registered Schemesand all rights held by WFL in relation to these roles.As you would be aware, the RE of a registered managed investment scheme operates the scheme andperforms the functions conferred on it by the scheme’s constitution and Chapter SC of the CorporationsAct 2001 (Cth) (the "Act"). During the past three weeks since our appointment, the Receivers have soughtto gather information in relation to each of the Registered Schemes operated by WFL and have conductedan initial legal and financial analysis of those Registered Schemes.As a result of that review, it has been decided to terminate the Receivers’ appointment in respect of WFL’srole as RE and manager of each of the Schemes. Earlier today, the secured creditors and the Receiversexecuted deeds entitled ’Partial Termination of Receivers’ which give effect to such a termination as from6.03pm this afternoon.The deeds terminate the Receivers’ appointment over the ’Excluded Property’ described in Annexure 2 tothis letter. In general terms, the Excluded Property comprises WFL’s rights, title and interest in, and allrights of WFL arising under, each and every agreement, deed or document appointing WFL as RE and/ormanager of Registered Schemes, entered into by WFL in its capacity as RE of any of the RegisteredSchemes, and/or entered into by WFL with Growers in any of the Registered Schemes.The appointment of the Receivers over the remainder of the Charged Property continues unaffected,including without limitation their appointment over:(a) all freehold land owned by WFL or any other companies in the Willmott Forests Group (other thanthe Bombala Land);(b) all leasehold interests held by WFL or any other companies in the Willmott Forests Group in relationto leases with third party land owners;(c) all debts owed to WFL and any other companies in the Willmott Forests Group, including all debtsowed by Growers to Willmott Finance Pty Ltd (Receivers and Managers Appointed) (AdministratorAppointed) and/or WFL;(d) WFL’s interest in Willmott Timbers Pty Ltd, which operates a softwood mill in Bombala, and WFL’srights under the joint venture agreement with Dongwha Australia Holdings Pty Ltd;J!IP

UValuation ReportWillmott ForestsFreehold Land Portfolio30 June 2010

Contents1.0 EXECUTIVE SUMMARY ........................................................................................................12.0 INTRODUCTION .................................................................................................................... 23.0 GENERAL ............................................................................................................................ 104.0 INDIVIDUAL PROPERTY REPORTS ................................................................................... 125.0 MARKET COMMENT ........................................................................................................... 156.0 VALUATION RATIONALE .................................................................................................... 247.0 VALUATION ......................................................................................................................... 37Annexures1 Photocopy of Instructions2 Planning Details3 Sales Evidence - Southern Tablelands4 Sales Evidence - Bombala5 Sales Evidence - Murray Valley6 Sales Evidence - North Coast NSW7 Sales Evidence - Maryborough OLD8 Sales Evidence - Katherine NTIndividual Property Reports9 Bombala 110 Bombala 211 Murray Valley 112 Murray Valley 213 North Coast (incl. OLD & NT)87690/24089 (WJB:sgt)m3property5TRATE6I5TsMCI

Willmott Forests Freehold Land Portfolioto Executive SummaryVALUATION SUMMARYPrepared forPurposeWillmott Forests Limited.To assist Willmott Forests Limited in their assessment for assetreporting purposes.Interest ValuedDescriptionValuation ApproachesWe have been instructed to assess the Market Value ignoring theplanted forests, the term encumbrance created by the plantationforests as well as any third party "Grower Interests".In doing so, we have not considered any legacy issues that mayexist as a consequence of the use of the land for forestry purposes.See Section 2.0 Introduction.A freehold land portfolio of 143 properties comprising 98 aggregationslocated in Victoria, New South Wales, Queensland and the NorthernTerritory.Direct Comparison and SummationDates of Inspection 24 May 2010- 11 June 2010Date of Valuation 30 June 2010Portfolio Summary Aggregate Area Aggregate ValueBombalaMurray ValleyNorth CoastNorthern TerritoryTotalValuers27,861.37 hectares $52,157,00022,312.23 hectares $52,130,0008,709.03 hectares $30,920,0005,340.00 hectares $4,342,00064,222.63 hectares $139,549,000William Barton AAPICertified Practising ValuerRegistration No: VAL021484 (New South Wales)Registered Land Valuer No 3373 (Queensland)Member No. 3468 (Victoria)Daniel Thomas AAPICertified Practising Valuer/DirectorRegistration No: VAL081 921 (New South Wales)Registered Land Valuer No 3359 (Queensland)Member No. 2669 (Victoria)Page 1m3property ST S AT 5 6 I ST SENO

Willmott Forests Freehold Land Portfolio2.0 Introduction2.1 INSTRUCTIONS AND ASSUMPTIONSm3property has been instructed by Mr Stephen Arrowsmith, Chief Financial Officer, Willmott ForestsLimited, to assess Market Value (ignoring the term encumbrance created by the plantation forestsincluding any third party "Grower Interests") of the 143 freehold parcels in 98 aggregations locatedvariously in Victoria, New South Wales, Queensland and the Northern Territory.The 98 freehold aggregations which are the subject of this valuation are listed as follows:BOMBALAAggregationAirlie Park & IonaStateNSWTitle Area1,274.00 haAndol,2,3&4 NSW 2,219.64 haAvonleigh & Cabanandra VIC 1,222.13 haBendoc 1 & 4b VIC 181.70 haBendoc 2 VIC 308.42 haBendoc 3 & 4a VIC 214.40 haBendoc 5 & 7 VIC 333.85 haBendoc 6 VIC 211.70 haBendoc 8 & 9 VIC 372.89 haBombala 1, 2 & 3 NSW 758.05 haBombala 4 NSW 194.25 haBombala 5 & 6 NSW 852.81 haBombala 7 NSW 369.60 haBraidwood Station (incl. Braidwood Park) & Round Mountain NSW 2,308.76 haCameron’s Hill 1 & 2 NSW 594.48 haCathcart 1 NSW 208.80 haCraigie 1 & 6 NSW 722.76 haCraigie 2 & 4 NSW 725.41 haCraigie 3 NSW 442.37 haCraigie 5 NSW 419.80 haPage 2m3propertysrRATE6isTSI MR

Willmott Forests Freehold Land Portfolio2.1 INSTRUCTIONS AND ASSUMPTIONS continuedBOMBALA continuedAggregationDelegate 1-7State j(NSWTitle it*3,689.91 haDelegate 8 NSW 731.26 haDelegate 9 NSW 313.26 haDelegate 10 & 11 NSW 620.88 haDelegate 12 NSW 1,183.17 haDellicknora VIC 684.08 haGlengarry 1 & 2 NSW 608.77 haJerangle 1 NSW 260.28 haJerangle 2 NSW 470.74 haKybeyan NSW 729.69 haMila 1 NSW 311.77 haMila 2,3 & 5 NSW 549.46 haMila 4 NSW 266.08 haNimmitabel 1 & 2 NSW 369.80 haNumeralla NSW 673.00 haNungatta 2 NSW 202.35 haNungatta3&4 NSW 149.94 haPaddy’s Flat NSW 328.61 haPericoe NSW 369.48 haWoolison NSW 223.30 haOld Delegate HospitalIf;E1f*NSW3.01 haPage 3m3property S T S AT E S IS I SME NY 9 F41

Willmott Forests Freehold Land Portfolio2.1 INSTRUCTIONS AND ASSUMPTIONS continuedMURRAY VALLEYAggregationArdsley 1State 1NSWTitleArea449.33 haBellmolong, Eskett & Murrumbung 1-3 NSW 1,619.60 haBillaroy NSW 485.99 haBoomaroo NSW 258.30 haBroughtons & Goodradigbee 1 & 2 NSW 1,842.54 haCarabost 1NSW422.41 haCoppabella Station & Noonameena NSW 1,987.40 haDakota NSW 115.12 ha.Dunkirk NSW 362.70 haDuntulum 1 & 2 NSW 396.98 haEagle Ridge NSW 139.50 haFairfield 1 NSW 72.84 haFairfield 2 NSW 94.03 haGirrahween 1, 2 & 3 NSW 643.35 haGrassdale NSW 131.03 haGreenlands NSW 48.27 haHadley Park NSW 932.60 haHumula 1 NSW 158.23 haIngleneuk NSW 771.00 haKathlen NSW 171.40 haKimberley 1, 2 & 3 & Wynwood NSW 805.29 haMarjenbar 1-4 NSW 604.24 haMasonleigh NSW 157.61 haRippling Water Station NSW 2,312.96 haSmiths NSW 105.13 haSomerset NSW 133.80 haSpringdale NSW 325.70 haTakejo 1-5 NSW 3,894.68 haPage 4m3propertysTRATE6 1 srs

Willmott Forests Freehold Land Portfolio2.1 INSTRUCTIONS AND ASSUMPTIONS continuedMURRAY VALLEY continuedAggregationTaradale 1 NSW 257.40 haTatha 1 & 2 NSW 80.94 heWake (Mannus 1 & 2) NSW 294.20 haWatercreek 1 & 3 NSW 201.87 haWatercreek 2 & 4/ Jingellic 2 NSW 474.50 haWattlebank 1 & 2 NSW 473.48 haWee Jasper NSW 715.39 haWyora 1, 2 & 3NSW372.42 haTotal Area22,312 aNORTH COASTAggregationAmarinafl;Ii:NSWTitleig*90.92 haBoxhill NSW 180.67 haBusby 1 NSW 438.18 haCamira Creek NSW 487.00 haClearfield NSW 118.20 haCulmaran Creek NSW 282.50 haFairview NSW 176.85 haGeregarow Station NSW 1,656.55 haHlghfield NSW 390.48 haJacky Bulbin Station NSW 476.78 haPerkins Bridge Road NSW 155.97 haRocklea QLD 375.48 haSandy Creek NSW 114.10 haSix Mile NSW 307.26 haSouthgate NSW 211.65 haSpringfield NSW 89.58 haPage 5m3propertysT RAT Er, STS"IM,

Willmott Forests Freehold Land Portfolio2.1 INSTRUCTIONS AND ASSUMPTIONS continuedNORTH COAST continuedNORTHERN TERRITORYThe above aggregations are summarised as follows:As instructed this valuation excludes the encumbrance of the third party "Grower Interests" andany consequences that ensue resulting from their term occupation of the land. Furthermore,quantification of this deleterious impact on value is outside the scope of our retainer.Given m3property (Vic) Pty Ltd (m3property) are providing an "Unencumbered" Market Valueonly, the advice provided by m3property can in no way be expressed as being an opinion ofMarket Value for each holding for Financial Reporting Purposes, on a standalone basis, as itdoes not account for use of the land for MIS forestry purposes (third party investor interests)nor the costs of rehabilitation at reversion. Willmott Forests Limited holds ultimateresponsibility for the treatment of this encumbrance in arriving at a "Book Value" of theportfolio as at 30 June 2010.Page 6m3property 5T S AT S G I ST S

Willmott Forests Freehold Land Portfolio2.1 INSTRUCTIONS AND ASSUMPTIONS continuedThe assessments of Market Value (subject to the abovementioned limitations) are reliant uponinformation provided by WillmotL Forests Limited with our instructions. We have assumed suchinformation is accurate and that all information and facts that may affect our valuation have beenprovided. We have not verified the information provided except to the extent specifically noted in thisreport. A summary of this information is outlined as follows:Copy of Titles and Plans of Subdivision (or similar).Schedule of Planted Areas and Dates of Establishment.Aerial Photography/Mapping with Cadastral Overlay to confirm planted areas.Aggregation level elevation data.Fire maps providing a general summary of planted areas and major features including waterpoints and access tracks.Average annual rainfall data prepared by the Bureau of Meteorology and expressed as aninterpolated data surface on a one kilometre grid based on actual records from 1970 to 2008.Our valuation has been carried out on a net of GST basis and any tax payable on the sale of theproperties is in addition to the amounts assessed herein.A copy of the instructions in respect of this request is contained in Annexure 1.2.2 PURPOSE OF VALUATIONFinancial Reporting Purposes, whereby our advice would be used to assist Willmott Forests Limitedto adopt a carrying value of the land portfolio for reporting purposes.Page 7m3proporty5 TRATEGsTsSIA>

Willmott Forests Freehold Land Portfolio2.3 BASIS OF VALUATION (UNENCUMBERED)This assessment of non-forestry value has been prepared having regard to the methodology outlinedin AASB 140 and has been valued on the basis of "Fair Value".The Fair Value of a property is the price at which the property could be exchanged betweenknowledgeable, willing parties in an arm’s length transaction.Our instructions also require that the valuation be undertaken in accordance with the InternationalValuation Standards definition of Market Value as adopted by the API and PINZ and detailed asfollows:"Market Value is the estimated amount for which a property should exchange on the date of valuationbetween a willing buyer and a willing seller in an arms length transaction, after proper marketingwherein the parties had each acted knowledgeably, prudently and without compulsion."To be clear, the above definitions have been adopted to derive the "Unencumbered" Market Value.This value has been assessed on the basis that the land is in a cleared, fenced, watered and pasturedstate and it should not be construed as the Market Value of the land encumbered by the existing use.2.4 PECUNIARY INTERESTNeither the valuers nor m3property Pty Ltd has any pecuniary interest giving rise to a conflict ofinterest in valuing these properties.2.5 DATES OF INSPECTIONThe properties were inspected on various dates from 24 May 2010 - 11 June 2010.2.6 DATE OF VALUATIONAs instructed we have adopted 30 June 2010 as the valuation date.It is assumed that the properties remain in the same physical state between the dates of inspectionand the date of valuation outlined above.Due to possible changes in market conditions and other circumstances this report can only beregarded as relevant at the date of valuation.Page 8m3property ST R AT E G I ST S

Willmott Forests Freehold Land Portfolio2.7 VALUERS DECLARATIONWe confirm that the Valuers:a) are suitably qualified to carry out such valuations and have at least five years appropriateexperience;b) are authorised under the Law of the State or Territory where the valuation takes place topractice as a valuer; andb) have no pecuniary interest that could reasonably be regarded as being capable of affectingtheir ability to give an unbiased opinion of the value or that could conflict with a propervaluation of the properties.2.8 QUALIFYING COMMENTSWe note that there is continued uncertainty in property markets presently with market sentimentsuggesting that property values may soften further during 2010, particularly for properties which arenot considered to be prime agricultural assets. While our adopted valuation parameters for thesubject properties are readily supportable as at the date of valuation and have regard to theprevailing market conditions, these parameters may change over the course of the coming year.We note further that there is significant uncertainty surrounding Managed Investment Schemesgenerally at present with Timbercorp Limited, Great Southern Limited, Forest Enterprises Australiaand Rewards Group all announcing the appointment of either voluntary administrators or receivers inthe past 12 months.Page 9m3praporLy5 TRATE6sTsMR10.

Willmott Forests Freehold Land Portfolio3.0 General3.1 TITLESWe have relied upon the recent title searches provided by Willmott Forests Limited for each of theproperties and have assumed that these titles are current for this valuation. Should further titlesearches be carried out which show discrepancies to those provided we reserve the right to reviewthe valuation.If there are any encumbrances, encroachments, restrictions, leases or covenants which are not notedin this report, they may affect our assessment. If any such matters are known or discovered, weshould be advised and a review of our assessment sought.We have not undertaken measurements of title boundaries and are unable to confirm if anyencroachments exist. We advise that we are not licensed surveyors and no warranty can be givenwithout the benefit of an identification survey.3.2 PLANNINGWe have relied upon the information sourced from the respective planning authority for eachState/Local Government Area and we note that all properties appear to have been developed in amanner which is an approved use pursuant to the relevant planning schemes. There were a numberof instances where sourcing of planning information was cost and time prohibitive. In these instanceswe have relied upon individual property zoning provided by Willmott Forests and made our owninvestigations of the relevant Local Environment Plan (LEP) for planning provisions relevant to thatzone.Specific planning details are included in Annexure 2.We have relied on this information in assessing the value of each property. No responsibility isaccepted for the accuracy of that information and if it is wrong in any significant respect, ourassessment of value may be different. Proper searches and enquiries should be made beforereliance is placed on our valuation3.3 ENVIRONMENTAL ISSUESUnless otherwise noted, no obvious environmental problems were apparent on inspection. However,no soil tests nor environmental studies or reports have been made available to us. Accordingly, ourvaluation is made on the assumption that there are no environmental problems in any way affectingthe properties. This includes surface or below ground conditions, toxic or hazardous wastes or otherbuilding material hazards. Any such matters may adversely affect the property or its use and ourassessment of value. Should any such matters be known or discovered no reliance should be placedon our assessment of value unless we have been advised of these matters and we have confirmedthat our assessment is not affected.Page 10m3property s T RAT ESTSSIA>

Willmott Forests Freehold Land Portfolio3.3 ENVIRONMENTAL ISSUES continuedWe do note the existence of chemical stores, above and below ground fuel tanks and cattle andsheep spraying areas, but advise that these facilities are common on rural properties and presentlylocalised contamination risk only.3.4 OPERATION AND MANAGEMENTWillmott Forests Limited operate and manage all of the holdings in the portfolio, some of which wereestablished in various years as Managed Investment Scheme Projects.3.5 THIRD PARTY INTERESTSTo the extent that properties are affected by third party interests, in the absence of any advice to thecontrary, we have assumed that these can be extinguished with the provision of 90 days notice orless.Should it be demonstrated that third party interests exist with term encumbrances exceedingtermination at 90 days notice, this report should be returned to the valuer for review.Page iim3property5rRATEcIsTsMm~

Willmott Forests Freehold Land Portfolio4.0 Individual Property ReportsThe portfolio comprises 143 individual properties, held in 98 aggregations, for which we haveassessed a Market Value subject to the assumptions detailed in Section 2.0 Introduction.These assessments are contained in Annexures 9 13.We provide the following summary of our individual property reports and the source of informationcontained therein.4.1.1 PROPERTY DETAILSPhotographs taken at time of inspection;Title Details & Encumbrances - as described in Section 3.1 Titles.4.1.2 LAND DETAILSSite Plan - taken from Willmott Forests fire plan documents;Zoning Details - as described in Section 3.2 Planning;Clearing I Vegetation - based on Willmott Forests schedule of planted areas and dates ofestablishment as well as field observations:Planted AreaRemnant AreaAgricultural AreaProvided by Willmott Forests.Estimated using Google Earth Pro software and, where relevant, the NSWDepartment of Lands - SIX Viewer website in conjunction with Willmott Forests’internal property maps and plans. We caution that this process does notconstitute a formal survey of the Remnant Areas.Calculated by deduction of Remnant Area from Title Area.Geology I Soil Types - compiled using a combination of geological attributes for each siteprovided by Willmott Forests, information contained in previous property reports and fieldobservations;Fencing - details obtained in field with the following descriptions:PoorFairSoundFencing requires repair (there are sections which are not stock proof)Fencing is stock proof however may require upgrade in the short to medium termFencing is stock proof and may not require upgrade in the medium termPage 12m3property ST RAT E G I ST Sso

WiIImott Forests Freehold Land Portfolio4.0 INDIVIDUAL PROPERTY REPORTS continued4.1.2 LAND DETAILS continuedAverage Annual Rainfall - based on data provided by Willmott Forests, prepared by theBureau of Meteorology and expressed as an interpolated data surface on a one kilometresgrid based on actual records from 1970 to 2008;Elevation - based on elevation data supplied by Willmott Forests expressed as height AboveSea Level (ASL);Water Supply - based on Willmott Forests’ fire maps and field inspections;Drainage - based on observations during field inspections.4.1.3 STRUCTURESUnless otherwise stated all structures listed in this section have been sighted by the valuer, howeverinternal inspections were not possible in large part due to tenancies.4.1.4 SALES HISTORYThis data is based on details listed in previous property reports as well as data provided inspreadsheet format by Willmott Forests.We caution that in some instances land (such as smaller lifestyle parcels or tracts of non-plantableland) has been subdivided and sold. Whilst every effort has been made to identify the original areaacquired and reflect this in our gross analysis, we cannot warrant 100% accuracy and should anydetails be found to be incorrect, we reserve the right to amend our valuation accordingly.Page 13m3property ST S AT S GIST S

Willmott Forests Freehold Land Portfolio4.0 INDIVIDUAL PROPERTY REPORTS continued4.1.5 HIGHEST AND BEST USEThe highest and best use of each property can generally be defined as "that reasonable andprobable use that will support the highest present value of the property as at the date of valuation.The opinion of such use may be based upon the highest and most probable use of the property as atthe date of valuation or the use likely to be in demand within the reasonably near future."When determining the highest and best use, there are a number of factors which must be consideredincluding:Existing useProfitability and marketabilityFinancial and social constraintsLegal constraints and regulatory controlsPhysical and functional limitationsWe make reference to the highest and best use of each individual aggregation in the individualreports.Page 14rn3property ST S AT S G I sr S

Willmott Forests Freehold Land Portfolio5.0 Market Comment5.1 AGRIBUSINESS SENTIMENT AND OUTLOOKSovereign debt fears for Euro currency members of the European Union continue to restrict worldmarkets, with declining confidence expected to negatively impact short to medium term globaleconomic recovery. Despite Australia showing signs of an economic recovery, the strong sell off ofthe Australian dollar, declining stock markets and poor domestic economic statistics through Maysuggest that Australian growth may not be immune from issues stemming from Europe.It is now widely accepted that growth in global demand for soft commodities, such as red meats,grains and fibres is strongly driven by rising incomes in developing nations. The long term effect thatrecent negative global economic sentiment has on demand for soft commodities will thereforedepend upon the ability of developing countries such as China and India to overcome the latestperiod of global economic instability.Australia as a net exporter of soft commodities is in a favourable position to capitalise on any increasein demand from developing nations. In the short term, the continuing depreciation of the Australiandollar will assist Australian primary producers to compete in these key export markets.Notwithstanding the abovementioned issues, long term challenges facing Australia’s agriculturalsector continue to include climate variability, declining terms of trade and increasing internationalcompetition from developing nations.The trend lines for key farm gate commodity prices (nominal) are represented within the followinggraphs400350300BEEF- Eastern Young Cattle Indicator(10.18 month old beast at 200-400kg. Itvewelght)200 .,..200150100Source: Moat and Livestock AustraliaDraaood WeightPage 15m3property 5 T S A T E 5 i is T ispgn",

Willmott Forests Freehold Land Portfolio5.2 THE AUSTRALIAN FORESTRY INDUSTRYWe have been instructed to assess the Market Value ignoring the planted forests, the termencumbrance created by the plantation forests as well as any third party "Grower Interests".Notwithstanding the above, the uptake of land for forestry purposes has been a key driver in marketvalue over the past decade and the state of Australia’s forestry industry is therefore particularlyrelevant as it has the potential to influence land values in the future.The Australian forestry industry is divided into the native forest and plantation industries, with theformer accounting for a significant percentage of Australia’s forestry estate by area (99%). Althoughforestry plantations account for 1% of Australia’s forestry resource, it is a significant and growingelement of the Australian forestry industry. NSW (27%) VIC (22%)Government Resource (51%) QLD (19%)Native ForestHardwoodConserved Land (23%)(99%) (100%) SA (12%) $635 millionPrivately Owned (26%) WA (11%) TAS (8%) ACT (1%) NSW (27 9/6) VIC (22%)Plantation(1%)Government (including JV’s) (37%)MIS (34%)Super Funds (11%)Timber Industry Companies (9%)Other Private Owners (9%)Softwood(510%)Hardwood(49%) QLD(19%) SA (12- 1/6) $895 million WA (11%) TAS (8%) ACT (1%) WA (32%) lAS (23%) VIC(21%) NSW (9%) $341 million QLD (6%) SA (6%) NT (3%)Page 16m3properLy5 TRATEGIsTs21

Willmott Forests Freehold Land Portfolio5.2 THE AUSTRALIAN FORESTRY SECTOR continuedThe primary source of Australia’s gross value of log production remains softwood plantations,although its dominance continues to be eroded by growth in hardwood value, particularly fromplantation based resource.A significant proportion of Australia’s plantation estate is owned by the public (37%) and MIScompanies (34%), while the remainder is owned by Super Funds (11%), timber companies (9other private owners (9%). Australia’s native forests resource comprises government resourceavailable for harvest (51%), privately owned forest (26%) and the remainder designated as conservedCrown Land.0/0) andPlantation softwood accounts for more than half of Australia’s harvest volumes, with the majority ofthis production directed to the sawlog market, with pulpwood products (such as woodchips) andwood based panels produced in smaller amounts. Australian hardwood harvest volumes compriseboth native forest (two thirds of hardwood volume) and plantation (one third of hardwood volume)resource. Woodchips are the primary end market for hardwood harvested timber, with saw andveneer products produced in smaller volumes.Australia’s Timber ResourceNative ForestTotal Ii Harvest SVolume8,941,000 m3IP rimaryaT Markets Woodchips for export (58 0/6) Saw & veneer (33%) Woodchips for domestic use (7%) Other (2 0/.) Saw & veneer (63 0%) Woodchips for domestic use (15 0%)Plantation Softwood 14,914,000 m 3 Woodchips for export (10%) Wood based panels (8%) Other (3%) Woodchips for export (89%)Plantation Hardwood 4,607,000 m3 Woodchips for domestic use (7%) Saw & veneer (4%)The table overleaf looks at the four key timber markets in more detail. Of the approximate 14 millioncubic metres of timber chipped in 2007/08, 72% was sourced from hardwood stands, with softwoodproduct accounting for the balance. Australia’s woodchip market is predominantly export focusedwith approximately 77% of woodchips sold offshore. The balance was used for domestic papermanufacturing.Page 17m3propertysT RAT EGSTSSIA>

IWillmott Forests Freehold Land Portfolio5.2 THE AUSTRALIAN FORESTRY SECTOR continuedKey Timber Total HarvestTimberMarkets Volume - 2007/08Native Hardwood - Export (37 ’0)Native Hardwood - Domestic (4 0/6)Plantation Hardwood - Export (29%)Woodchip 13,975,000Plantation Hardwood - Domestic (2%)Softwood - Export (11%)Softwood - Domestic (16%)Softwood (75%)Sawn & VeneerTimber12,589,000 m3 Native Hardwood (24%)Plantation Hardwood (1%)t.I:Price TrendsDecreased in real termsIncreased in real termsDecreased in real termsDecreased in real termsStable in real termsThe majority of Australia’s sawn and veneer timber production is sourced from softwood plantations(75%), with the balance obtained from native hardwood forests (24%) and hardwood plantations(1%). Australia’s sawn production is primarily placed on the domestic market, although the exportmarket is of growing importance to the industry.Australia still relies heavily on imports to meet domestic demand requirements for sawn timberproducts (as is evident from the table below). New Zealand, Malaysia and Indonesia remainAustralia’s most important sources of sawn timber products.TimberTradeTimber TypeVolume / ValueIMajor Source / Destination 2008/09(Market Share %) Japan (81%)Hardwood Woodchip4,291 kilotonnes China (10%) Chinese Taipei (5%) Korea (4%)Softwood Woodchip941 kilotonnes Japan (91%) Korea (9%)Export China (36%)Sawn Softwood$78.5 million Chinese Taipei (35%) Korea (8%) Malaysia (7%) China (740%)Sawn Hardwood $46.3 million New Zealand (9%) Malaysia (7%)Page 18m3propertysr RAT EGISTSSIA>

Willmott Forests Freehold Land Portfolio5.2 THE AUSTRALIAN FORESTRY SECTOR continuedTimberTradeTimber TypeVolume / ValueIMajor Source / Destination 2008/09(Market Share %)Hardwood Woodchip Negligible NegligibleSoftwood Woodchip Negligible Negligible New Zealand (86%)ImportSawn Softwood $301.4 million Germany (6%) China (3%) Malaysia (450%)Sawn Hardwood $103.4 million Indonesia (51%)USA(9%)Australia has exported hardwood woodchips since the early 1970s and offshore earnings remain asignificant source of income for the industry. Between 1995 and 2007, Australian exports ofhardwood woodchips increased by nearly 52%, with growing demand from Japan during this period,the primary driver. Japan continues to be Australia’s major export partner, accounting for 81% of allAustralian exports in 2008/09. Other notable importers of Australian hardwood woodchips includeChina, Chinese Taipei and Korea with 10%, 5% and 4% of the market respectively.Price trends for Australia’s primary timber markets have differed considerably over the past eightyears. As the table overleaf indicates, Australian plantation hardwood woodchip prices haveincreased above inflation, with increased demand from Japan and other Asian countries being theprimary reason. In contrast, woodchip export price for native harvested product have declined in realterms suggesting that Asian buyers have a definite preference for plantation product as opposed tonative harvested. Softwood woodchip prices have also declined in real terms during this period.Page 19m3property ST RAT E 6 I STSME.

Willmott Forests Freehold Land Portfolio5.2 THE AUSTRALIAN FORESTRY SECTOR continuedThe price for Australian sawn softwood is significantly influenced by the domestic building industry,with movements in prices generally coinciding with the level of new building construction. Softwoodavailability and movements in production costs are other key drivers to price. As the table belowindicates, prices for softwood sawlogs have declined in real terms over the last 15 years.WoodchipKey _Timber _Markets _______Sawn and Veneer Timber- IIii1T&]’I1.iLI.I.uI1iINative Hardwood ExportNative Hardwood DomesticPlantation Hardwood ExportPlantation Hardwood DomesticSoftwood ExportSoftwood DomesticSoftwoodNative HardwoodPlantation HardwoodDecreased in real termsIncreased in real termsDecreased in real termsDecreased in real termsStable in real termsTrend analysis suggests that prices for both native and plantation grown sawn hardwood productshave moved roughly in line with inflation over the previous seven years. The continued constrictedsupply from native sources is the primary driver for stability in sawn hardwood prices.The Australian forestry sector experienced a contraction between 2008 and 2009, largely a result ofthe global economic downturn. Recovery in the sawn softwood and hardwood timber products willlargely be dependent on growth in the domestic housing market. The primary stimulant for thedomestic housing market is Australian economic growth. Despite appearing to be well on the road torecovery, there have been signs since May 2010 that sovereign debt levels in Europe may result in aslowing down in domestic growth.The Australian woodchip market was negatively impacted by the sluggish Japanese economy in2009. While the future of the Japanese market is uncertain, there is potentially a large emergingmarket in China. We also note the potential for the construction of a large-scale pulpmill in Australiaand the expansion of products such as bioenergy, both of which could raise the profitability of theindustry.Due to a large influx of plantation timber expected to be harvested in coming years, domesticproduction is expected to increase in the medium term. Long term wood supply prospects willultimately depend on whether privately funded establishment will continue at its current rate and theeffects of Government policy towards ceasing production from old growth forests.Page 20m3propertysT RAT EGlSTSSIA>

Willmott Forests Freehold Land Portfolio5.2 THE AUSTRALIAN FORESTRY SECTOR continuedThe vast majority of plantation establishment over the past decade has been the result of ManagedInvestment Scheme (MIS) activity. Due to continuing negative sentiment in the MIS market, the flowof new funds into plantation establishment from MIS companies has declined in recent years. Withthe collapse of a number of large MIS forestry companies since 2009, the outlook for MIS isuncertain. If MIS were to discontinue, the Australian forestry industry would be reliant on anotherform of private funding to continue the expansion of the Australian plantation industry.Notwithstanding the above mentioned issues, long term challenges facing Australia’s forestry sectorcontinue to include increasing international competition into key markets, the potential effects ofclimate variability on productivity and future developments in carbon schemes.5.3 IMPLICATIONS OF FORESTRY USES ON LAND VALUEThe accelerated growth of the plantation forestry sector had placed significant upward price pressureon land that is suitable for forestry use in the traditional forestry regions of Victoria and New SouthWales.In particular, the MIS companies had bid up prices as a consequence of strong competition betweenthem, driven by increasingly large sums of money being invested by private investors through theMIS Investment Structure. The MIS companies that acquired land included Macquarie Bank,Timbercorp, Great Southern, Gunns, Integrated Tree Cropping, FEA and Willmott Forests, and arange of smaller companies all of whom had been competing for suitable properties across Australia.In some regions the MIS companies were able to pay significantly higher sums of money for landthan graziers and croppers. Farmers will generally pay a sum of money for land having regard to theeconomic return available from that land use, meaning there is usually a close relationship betweencommodity prices and the value of land suitable for these uses. However, in areas where farmers areseeking to effect "farm build up / aggregation", prices of land are regularly overbid, relative tocommodity prices.Notwithstanding the foregoing, the shift in land-use away from grazing and cropping in some moremarginal regions had not been as a consequence of normal fluctuations in commodity prices, generaleconomic conditions or climate variability, but rather as a result of the level of investment in MIS.Consequently, there had been a two-tiered market for agricultural land across some of the regionsexamined, particularly the more marginal/lower rainfall areas. In these areas, land targeted for MISforestry was selling at as much as 150% of the value of land suitable for non-forestry purposes. In apurely agricultural context, there is little productive difference (grazing and/or cropping) between theland uses and, absent of the MIS companies, there is little reason to conclude that the value of theland for non-forestry purposes would be comparable to that paid by the MIS companies.Page 21rn3property ST RAT E S I ST SSIA>

Willmott Forests Freehold Land Portfolio5.3 IMPLICATIONS OF FORESTRY USES ON LAND VALUE continuedIn contrast, in the prime agricultural regions larger district graziers were competing directly with MIScompanies, principally to effect farm build up.Given the foregoing, we have considered the sales of nearby land for non-forestry purposes, albeitwe acknowledge that these properties are sometimes of inferior quality for forestry purposes due tothe existence of shallow rock or poorer drainage, but are comparable on an alternate use basis.We have also had regard to the more recent acquisitions of subject properties (detailed in theIndividual Property Reports) given that in theory Willmott Forests was only required to pay one dollarmore than the nearest under bidder. Notwithstanding, we acknowledge that in many instances,particularly where a property was not offered for sale on the open market, Willmott Forests may havebeen required to meet a vendor’s expectations to secure the property for their required purpose.More recently, there has been concern about the impact of Timbercorp Limited, Great SouthernLimited, Forest Enterprises Australia and Rewards Group (albeit located in different regions) and theirsubsidiaries entering Administration I Receivership. The first implication is the demand-side affect ofreduced land being purchased for forestry projects. There is uncertainty about the future of the MISbusiness model, and in any event, investment inflows into those presently being marketed have fallenconsiderably. Consequently, we expect short term demand for land suitable for forestry to abate untilthere is a general economic recovery and the future of forestry MIS is confirmed. In the longer term, ifGovernment policy regarding reduced reliance on Native Forests persists, as is expected, landuptake for forestry purposes is likely to continue given the suitability of much of the land in northeastern Victoria and New South Wales and the linkages that these regions enjoy to ports andprocessing facilities.5.4 NON FORESTRY LAND VALUENon-Forestry land values have historically been closely aligned to commodity prices and relatedinfluences such as the general health of the economy, the Australian Dollar and Interest Rates (pushfactors), particularly in areas where there is no rural-residential influence (purely agricultural land usemarkets). In addition, the impact of drought (pull factor), particularly in the last 10-12 years, has hada significant effect on land values both negatively in marginal areas with lower average annual rainfalland positively in areas considered to have less climatic risk given higher (and more reliable) averageannual rainfall.Page 22m3property ST R AT S G I S ISIA>

Willmott Forests Freehold Land Portfolio5.5 SUMMARYNotwithstanding the ongoing drought in the various regions, land prices for both farming and grazingland have continued to increase since 2000. Whilst this phenomenon is counter-intuitive, the maindrivers of this increase are;Continued corporate and institutional interest due to a positive commodities outlook andincreased allocations of funds (superannuation, pension, sovereign and endowment) toalternate assets.Low/stable interest rates and liquidity in farm lending which permit existing farmers tocontinue farm build-up and/or geographic diversification.An increase in market activity on the ’buy side’ from local farmers, who have been excludedfrom the market by the activities of MIS companies over the preceding decade. This isevident in southern New South Wales where local farmers are seeking to effect farm build upin the presence of strong lamb prices, low levels of gearing and lower interest rates. Themost recent sales indicate that these purchasers are in large part still having to meet vendorexpectations established during the period that MIS companies were active, albeit at levelsbelow what is broadly considered to be a 2007/2008 peak.Moving forward, the number of smaller operators who are under financial duress due to thepreceding drought conditions and increases in input costs, may create an environment of additionalforced sales, which may have a deflationary effect on values. The continued availability of debt forfarmers seeking to effect build up will be a significant factor in whether or not enough buyers willremain active to maintain present value levels.Page 23m3property ST RAT E S IS SR1

Willmott Forests Freehold Land Portfolio6.0 Valuation RationaleIn order to arrive at our assessments we have undertaken a Direct Comparison approach withreference to market sales activity. This method involves the direct comparison of comparable saleson a rate per hectare of land area.The relative merits of the subject property and each of the sales are analysed and compared havingregard to matters such as location, aspect, topography, the size of the land and the scale ofdevelopment. This approach contains a high degree of value judgement when sites are not directlycomparable in one or a number of variables.In analysing the sale properties and applying said analysis to the subjects, we have apportioned thesale properties into two broad categories, being "agricultural" and "remnant" areas. Agricultural landis that which is suitable for grazing, cropping or forestry. Remnant land is land that is encumberedwith native vegetation and/or which is topographically limited for steepness, rocky outcrops andriparian areas.We have divided the portfolio into six discrete submarkets in order to analyse the sales evidence.The following table summarises the six submarkets analysed.SubmarketSouthern TablelandsAggregations6Total Title Area4,812.27 haBombala 35 23,049.10 haMurray Valley 36 22,312.23 haNorth Coast NSW 18 7,960.67 haMaryborough QLD 2 748.36 haKatherine NTTotal1 5,340.00 ha64,222.63 haWhilst the sales analysed in this report have been obtained from reliable sources including third partycommercial providers and industry sources, we cannot warrant 100% accuracy in this regard. Everyeffort has been made to verify the accuracy, however, should any details be found to be incorrect, wereserve the right to amend our valuation accordingly.In our efforts to provide the most recent sales data, there can be occasions when we utilise sales thathave not settled, have delayed settlement or are not registered on third party databases. Separateenquiries are made of the parties to the transaction or their agents to verify this data.In situations where there is a lack of comparable sales data in a particular locality, we draw uponsales evidence from other agricultural regions and make necessary adjustments for comparabilityconsiderations.Page 24m3property ST RA T S r, 1 ST S

Willmott Forests Freehold Land Portfolio6.0 VALUATION RATIONALE continuedGiven the Lands Title Office does not differentiate whether a transaction is GST inclusive or exclusive,we attempt to verify the status. Should we be unable to verify the GST status, we have assumed thesale price is exclusive of GST. Should further enquiries reveal the status to be incorrect, we reservethe right to adjust our analysis and if necessary our valuation accordingly.The abovementioned submarkets are presented overleaf.Page 25m3property ST RAT E 6 I 51 SMUMMMM

Willmott Forests Freehold Land Portfolio6.1 SOUTHERN TABLELANDSThe submarket described as Southern Tablelands comprises the area as depicted on the followingmap. The subject properties within this submarket are shown in red and the sales evidence to whichwe have had regard is outlined in gold.The following table provides a summary of transactions in the Southern Tablelands submarket(Annexure 3 Sales Evidence - Southern Tablelands). The analysis below represents the Agriculturalrate per hectare (exclusive of remnant vegetation and structures where relevant).rrii*-Tuross Road, CounteganySale DateAug-09Sale Price$575,000r1rwArea771.69 haAnalysis i$2,350 /ha"Old Minton" 128 Evans Road, Nimmitabel Jul-09 $274,500 166.20 ha $1,370 /ha"The Mount’ Mt Elrington Road, Farringdon Jun-09 $1,704,000 501.67 ha $3,230 /ha147 Springfield Road, Nimmitabel Jun-09 $488,950 315.38 ha $1,600 /ha5624 Snowy Mountains Hwy, Steeple Flat Feb-09 $695,270 449.70 ha $2,200 /ha457 The Avenue, Kybeyan Dec-08 $112,475 182.01 ha $1,500 /haJerrabattgulla Road, Jinden Oct-08 $1,000,000 523.50 ha $2,000 /ha1318 Rose Valley Road, Rose Valley Sep-08 $1,500,000 377.40 ha $3,500 /ha893 Old Bega Road, Winifred Sep-08 $340,000 121.41 ha $2,450 /haPage 26m3propertysrRATEGI STS12

Willmott Forests Freehold Land Portfolio6.1 SOUTHERN TABLELANDS continuedThere are limited comparable transactions in the Southern Tablelands submarket. Our experience inthis region derived from discussions with selling agents and vendors, is that whilst buyers exist at alevel of value, vendors expectations remain firm, which has resulted in an illiquid market. Of thosesales that have occurred, selling agents report extended selling periods and purchasers continue toexperience difficulties in securing finance.The most recent sale analysed in this submarket is the sale of Tuross Road, Countegany.Discussions with the purchaser Mr Craig Mitchell reveal that he purchased the property, which he hadleased for some time from the vendor (a Sydney lawyer), to effect farm build up. Mr Mitchellcommented that although he considered the purchase price to be at the "top end of the range", heacknowledged that to affect a sale required him to meet the vendor’s expectations.6.2 BOMBALAThe submarket described as Bombala comprises the area as depicted on the following map. Thesubject properties within this submarket are shown in red and the sales evidence to which we havehad regard is outlined in gold.Page 27m3property 5T R AT E 5 I ST SMR

Willmott Forests Freehold Land Portfolio6.2 BOMBALA continuedThe following table provides a summary of transactions in the Bornbala submarket (Annexure 4 SalesEvidence - Bombala). The analysis below represents the Agricultural rate per hectare (exclusive ofremnant vegetation and structures where relevant).Address"Mountain Ash", 203 Clarkeville Road, Bendoc1re DateDec-09Sale Price$195,000Land Area89.17 haAnalysis$1,400/haBalgownie Road, Delegate Nov-09 $260,000 145.80 ha $1,750 /haBalgownie Road, Quidong Nov-09 $350,000 448.04 ha $2,000 /ha"Tooraloo" Mila Road, Delegate Nov-09 $750,000 305.30 ha $2,000 /ha202 Willis Road, Tubbut Jun-09 $355,000 718.56 ha $1,250 /ha525-585 Haydens Bog Road, Bendoc Apr-09 $185,000 55.50 ha $1,900 /haPowers Road, Delegate Jul-08 $330,000 56.02 ha $4,000 /ha"Ambyne" Tingaringi Road, Corrowong May-08 $640,000 475.50 ha $2,200 /haMonaro Highway, Rosemeath Mar-08 $424,600 95.84 ha $4,430 /haCreewah Road, Cathcart Feb-08 $500,000 111.82 ha $1.750 /haREMNANT LAND462 Willis Road, Tubbut Mar-10 1 $195,000 1 670.17 ha $170 /haThere are limited comparable transactions in the Bombala submarket. Our experience in this regionderived from discussions with selling agents and vendors, is that whilst buyers exist at a level ofvalue, vendor’s expectations remain firm, which has resulted in a largely illiquid market. Of thosesales that have occurred, selling agents report extended selling periods and purchasers continue toexperience difficulties in securing finance.Of particular interest in the Bombala submarket is the sale of "Tooraloo" in November 2009. Both thevendor and purchaser have been graziers in the district for many years. The Jeffreys family own"Delegate Station" and sold "Tooraloo" (which they originally purchased to secure additional scale)to contribute to their superannuation fund. The Horton family purchased the property to gainadditional scale. The property was not offered to the market and it is understood that the partiescame to terms with the Hortons only willing to pay a sum which allowed an economic return to theland and the Jeffreys cognisant of the potential value of the property should forestry companiesre-enter the market in the near future.Page 28m3property ST R AT 55 1ST 5SIA>

Willmott Forests Freehold Land Portfolio6.3 MURRAY VALLEYThe submarket described as Murray Valley comprises the area as depicted on the following map.The subject properties within this submarket are shown in red and the sales evidence to which wehave had regard is outlined in gold.The following table provides a summary of transactions in the Murray Valley submarket (Annexure 5Sales Evidence - Murray Valley). The analysis below represents the Agricultural rate per hectare(exclusive of remnant vegetation and structures where relevant).AddressLot 8 and 9 Munderoo Road, TumbarumbaSaler DateMay-1 0Salenr$590,000Land vArea144.57 ha $4,000 /haLot 5 Munderoo Road, Tumbarumba May-10 $232,000 63.62 ha $3,640 /haLot 6 Munderoo Road, Tumbarumba May-10 $145,000 45.17 ha $3,120 /haLot 7 Munderoo Road, Tumbarumba May-10 $184,000 57.24 ha $3,210 /ha"Tralee’, Tumbarumba May-1 0 $800,000 203.75 ha $3,420 /ha349 Schultz Road, Mundarlo NSW Apr-1 0 $520,000 331.70 ha $2,900 /haCoodravale Road, Wee Jasper Mar-1 0 $320,000 87.76 ha $3,650 /haHighlands, Yaven Creek Road, Yaven Creek Jan-1 0 $1,011,906 332.98 ha $2,780 /ha309 Black Range Road, Tumbarumba Oct-09 $650,000 88.32 ha $5,600 /haPage 29m3property 5T RT E G ST S"NO ,

Willmott Forests Freehold Land Portfolio6.3 MURRAY VALLEY continuedAddressThe Poplars’ Wee Jasper Road, WyangleSale DateOct-09ale Price$4,000,000riwArea2,107.37 haAnalysis 1L$2,450 /ha620 Mannus Creek Road, Mannus Sep-09 $900,000 338.70 ha $3,340 /ha’Vitonga Humula Eight Mile Road, Humula Sep-09 $830,000 262.20 ha $2,650 /haWagga Road, Tumbarumba Jul-09 $456,000 123.70 ha $3,600 /haApton Waters’ Stewarts Road, Oberne Creek Jan-09 $1,236,400 741.50 ha $3,850 /haKarebeto Jingellic Road, Munderoo Jun-08 $1,674,700 341.95 ha $4,900 /ha"Burradoo Taradale Road, Taradale Apr-08 $999,000 180.80 ha $4,780 /haTaradale Road, Taradale Apr-08 $277,000 49.47 ha $5,600 /haOld Taradale Road, Taradale Apr-08 $550,000 102.50 ha $4,700 /ha2252 Jingellic Road, Munderoo Feb-08 $840,805 214.72 ha $3,400 /haJones Road, Tumorrama Feb-08 $420,000 151.40 ha $3,030 /haWoodleigh, Wee Jasper Road, Tumorrama Dec-07 $925,000 313.70 ha $4,000 /haTinanee 165 Hulmes Road, Yarara Oct-07 $1,730,000 34.09 ha $5,020 /haKameroo, Vokins Creek Road, Carabost Sep-07 $1,574,400 518.00 ha $3,390 /haREMNANT LAND’Springvale’ Wee Jasper Road Feb-09 $220,000 677.80 ha 1 $190 /haThere are limited recent comparable transactions in the Murray Valley submarket. Our experience inthis region derived from discussions with selling agents and vendors, is that whilst buyers exist at alevel of value, vendor’s expectations remain firm, which has resulted in a largely illiquid market. Ofthose sales that have occurred, selling agents report extended selling periods and purchaserscontinue to experience difficulties in securing finance.The most recent transaction in the Murray Valley submarket is the sale of the property formally knownas "Munderoo West" in four separate lots. The sale prices for these lots reflect between $3,120 and$4,000 per hectare of agricultural land for smaller lots (circa 45 to 145 hectares) located withinrelatively close proximity to Tumbarumba.Also of particular relevance is the sale of "Highlands" in January 2010. This property was purchasedby the Corbett family who have been graziers in the district for many years. The vendor was seekingto scale down their operation and sold the undulating to steep land to the west whilst retaining theland along the valley floor. The entire property had originally been marketed for sale before theabovementioned ’split’ was privately negotiated. The sale reflects $2,780 per hectare of agriculturalland and demonstrates the level of value at which a local grazier, seeking to effect farm build up, willtreat to achieve said scale.Page 30m3property ST S AT E G 1 s I sMIR

Willmott Forests Freehold Land Portfolio6.4 NORTH COAST NSWThe submarket described as North Coast NSW comprises the area as depicted on the following map.The subject properties within this submarket are shown in red and the sales evidence to which wehave had regard is outlined in gold.Source: Google Earth Pro software.The following table provides a summary of transactions in the North Coast NSW submarket(Annexure 6 Sales Evidence - North Coast NSW). The analysis below represents the Agricultural rateper hectare (exclusive of remnant vegetation and structures where relevant).Address445 Johnsons Road, YorkleaSale DateFeb-10.mr$415,000Land Area52.95 haAnalysis$6,950 /ha870 Mongogarie Road, Mongogarie Dec-09 $190,000 40.00 ha $3,500 /ha770 Avenue Road, Ellangowan Sep-09 $449,000 40.00 ha $6,975 /ha49 Hansen Road, Tunglebung Aug-09 $585,000 58.46 ha $8,100 /ha310 Perkins Bridge Road, Tatham Jul-09 $590,000 59.02 ha $7,300 /ha8855 Summerland Way Leeville Jun-09 $750,000 121.40 ha $6,850 /haMooneys Lane, Ellangowan May-09 $115,000 43.77 ha $2,625 /ha9155 Summerland Way Leeville Jan-09 $455,000 65.62 ha $6,550 /ha"Clearfield", Part 850 Clearfield Road, Rappville Dec-08 $362,000 118.20 ha $4,550 /haPage 31m3property ST RAT 551$ T S

Willmott Forests Freehold Land Portfolio6.4 NORTH COAST NSW continuedAddressSale Date 1F1flfI 1rTi!LWU Analysis"Amarina", 170 Amarina Road, LeevilleSep-08 $440,000 90.92 ha $5,425 /ha5402 Orara Way, Braunstone Apr-08 $770,000 165.97 ha $3,740 /haClarence Way, Culmaran Creek Jan-08 $637,000 129.90 ha $4,900 /ha686 Paddys Flat Road, Tabulam Mar-07 $460,000 223.70 ha $4,275 /haREMNANT LAND690 Kungala Road, Kungala Nov-08 $130,000 1 141.80 ha 1 $915 /haThere are limited comparable transactions in the North Coast NSW submarket. Our experience in thisregion derived from discussions with selling agents and vendors, is that whilst buyers exist at a levelof value, vendor’s expectations remain firm, which has resulted in an illiquid market. Of those salesthat have occurred, selling agents report extended selling periods and purchasers continue toexperience difficulties in securing finance.The most recent transaction is 445 Johnsons Road, Yorklea in February 2010. The land comprisesopen flood plain, which is similar to much of the North Coast portfolio. Given proximity to the majorregional city of Casino, the market is heavily influenced by lifestyle purchasers, and this property waspurchased for that purpose. In addition, Tea Tree growers are active in this market, with both 8855and 9155 Summerland Way, Leeville purchased for his purpose (June 2009 and January 2009respectively).Page 32rn3property 5T RAT E G ST S

Willmott Forests Freehold Land Portfolio6.5 MARYBOROUGH OLDThe submarket described as Maryborough OLD comprises the area as depicted on the followingmap. The subject properties within this submarket are shown in red and the sales evidence to whichwe have had regard is outlined in gold.The following table provides a summary of transactions in the Maryborough QLD submarket(Annexure 7 Sales Evidence - Maryborough QLD). The analysis below represents the Agriculturalrate per hectare (exclusive of remnant vegetation and structures where relevant).AddressPine View Road, GundiahSale DateOct-09e Price$585,000TVW564.67 haAna1Ilysis$1,040 /ha"Ironie" 310 Ward Road, Malarga Oct-09 $790,000 718.92 ha $945 /ha218 Berthelsen Road, Yerra Apr-09 $1,580,000 122.61 ha $10,850 /haJessens Road, Gundiah Mar-09 $560,000 348.03 ha $1,610 /ha"Rocklea’ & Stormat Aggregation,73 Emerys Bridge Road, Gundiah"Evergreen", ’Rocklea & "StormaV’ Agregation,73 Emerys Bridge Road, GundiahDec-08 $2,000,000 748.35 ha $2,650 /haJul-07 $5,621,000 1,874.26 ha $2,910 /haPage 33m3propertysr RATE S I STESIA>

Willmott Forests Freehold Land Portfolio6.5 MARYBOROUGH OLD continuedThere are limited recent comparable transactions in the Maryborough QLD submarket. Ourexperience in this region derived from discussions with local valuers, is that whilst buyers exist at alevel of value, vendor’s expectations remain firm, which has resulted in an illiquid market. Of thosesales that have occurred, selling agents report extended selling periods and purchasers continue toexperience difficulties in securing finance.6.6 KATHERINE NTThe submarket described as Katherine NT comprises the area as depicted on the following map. Thesubject properties within this submarket are shown in red and the sales evidence to which we havehad regard is outlined in gold.Source: Google Earth Pro software.Page 34m3propery5 TRATEGIsTs

Willmott Forests Freehold Land Portfolio6.6 KATHERINE NT continuedThe following table provides a summary of transactions in the Katherine NT submarket (Annexure 8Sales Evidence - Katherine NT). The analysis below represents the Agricultural rate per hectare(exclusive of remnant vegetation and structures where relevant).vri*"Rocktear Park", VennSale DateDec-08Sale Price$5,500,000F1TI7’U5,340 haAnalysis$1,000 /ha"Jarrandale", Venn Sep-08 $2,900,000 2,604 ha $1,050 /ha"Dry River Station", Katherine Jun-10 $5,400,000 66,777 ha $1,300 /ha"Larrakeyah Station", Katherine Jan-09 $2,000,000 17,110 ha $2,500 /haThere is a dearth of comparable transactions in the Katherine NT submarket. Selling agents reportthat since the Global Financial Crisis and corresponding fall in MIS driven demand, transactionsinvolving properties comparable to the subject have not occurred. We have therefore had regard tothe sale of "Jarrandale" in order to provide support for the consideration paid for "Rocktear Park" of$5,500,000 in December 2008. The sales of "Dry River Station" and "Larrakeyah Station" whilstsignificantly larger in land area, provide some guidance as to the level of value achieved for irrigableagricultural land as analysed above. It is our opinion that the broader market for rural property in theKatherine region has experienced a decline of approximately 20.0% in the past two years.Further to the above transactions we note that selling agents Elders Katherine are currently innegotiations for the sale of the property known as "NT Portion 6980" Stuart Highway, via Katherine.We understand that the sale of this property is eminent and if consummated it will reflect $150 perhectare for grazing land without a clearing permit and $500 per hectare for land with a clearingpermit.Page 35m3property5TnATEGI5Ts

WiHmott Forests Freehold Land Portfolio6.7 APPLICATION OF SALES ANALYSIS TO SUBJECT PROPERTIESIn applying the two broad categories of value to the subject properties, where land is designated as"planted", it is regarded as Agricultural Land for the purposes of comparability. In some cases, landwhich has not been planted, as it is deemed unsuitable for forestry (say for shallow rock or otherconstraints), the land has still been described as Agricultural Land, (as it is suitable forgrazing/cropping), and where appropriate, adjustments have been made to the value of this land onthe basis of its perceived utility relative to the planted land.Where the balance of the land has been deemed of limited agricultural utility, this has beencategorised as Remnant Land, with adjustments to the value made for the proportion of the whole ofthe holding that this land represents. The levels of value applied to Remnant Land generally rangefrom $100 to $500 per hectare with variation dependent on a bundle of influences including;topography, density of vegetation, agricultural value of surrounding land, proportion of Remnant Landto Agricultural Land and configuration (i.e. the remnant land may be limited to drainage lines and theperiphery largely accessible for grazing). In some instances the rate applied to Remnant Land ishigher than the abovementioned range and more closely aligned with the Agricultural Land value.Such is the case in a number of North Coast properties where the market is influenced in part by anunderlying lifestyle amenity and properties are viewed on a ’sum of money’ basis.The added value of built improvements has been determined from an analysis of the relevantcomparable sales.Page 36m3property ST RAT EGI STS

Willmott Forests Freehold Land Portfolio7.0 ValuationSubject to the qualifications and assumptions contained within the body of this report, we assess theMarket Value ignoring the term encumbrance created by the planted forests as well as any third party"Grower Interests" assuming vacant possession and that the land is cleared, fenced, watered (stockwater/dams) and pastured (fully rehabilitated) at the date of valuation, as at 30 June 2010, excludingGST, as detailed in the following tables:BOMBALAAirlie Park & Iona 2,460.71 he $2,409,838 $170,000 $2,580,000Ando 1, 2, 3 & 4 2,219.64ha $2,682,405 $120,000 $2,802,000Avonleigh & Cabanaridra 1 222.1 3ha $1,904,098 $10,000 $1,914,000Bendoc 1 &4b 181.70ha $445,070 $0 $445,000Bendoc 2 308.42ha $743,600 $0 $744,000Bendoc 3 & 4a 214.40ha $515,975 $0 $516,000Bendoc 5 & 7 333.85ha $559,223 $0 $559,000Bendoc 6 211.70ha $520,475 $0 $520,000Bendoc 8 & 9 372.B9ha $932,225 $60,000 $992,000Bombala 1, 2 & 3 758.05ha $2,052,388 $0 $2,052,000Bombala4 194.25ha $426,000 $0 $427,000Bombala 5 & 6 852.81 ha $2,442,930 $0 $2,443,000Bombala 7 369.6Oha $672,875 $10,000 $683,000Braidwood Station (incl. Braidwood Park) & Round Mountain 2,308.76ha $6,527,805 $0 $6,528,000Cameron’sHill 1 & 2 594.48ha $1,071,670 $0 $1,072,000Cathcart 1 208.80ha $509,450 $0 $509,000Craigie 1 & 6 722.76ha 11$1,398,900 $50,000 $1,449,000Craigie 2 & 4 725.41 he $1,467,676 $0 $1,468,000Craigie 3 442.37ha $923,427 $0 $923,000Craigie5 419.80ha $957,890 $5,000 $963,000Delegate 1 - 7 3,689.91 he $5,383,243 $80,000 $5,463,000Delegate 8 731 .26ha $1,821,940 $120,000 $1,942,000Delegate 9 313.26ha $574,519 $0 $575,000Delegate 10 & 11 620.88ha $682,060 $40,000 $922,000Delegate 12 1,1 83.l7ha $1,924,020 $180,000 $2,104,000Dellicknora 684.08ha $769,360 $60,000 $829,000Glengarry 1 & 2 608.77ha $1,375,185 $0 $1,375,000Jerangle 1 260.28ha $396,198 $15,000 $411,000Jerangle 2 470.74ha $535,684 $110,000 $646,000Kybeyan 729.69ha $1,229,795 $100,000 $1,330,000Mile 1 311 .77ha $743,875 $0 $744,000Mila 2, 3 & 5 549.46ha $1,206,475 $140,000 $1,346,000Mila 4 266.08ha $668,440 $0 $688,000Nimmitabel 1 & 2 369.80ha $739,600 $0 $740,000Numeralla 673.00ha $1,027,430 $0 $1,027,000Nungatta 2 202.35ha $254,325 $0 $254,000Nungatta 3 & 4 140.94ha $223,125 $0 $223,000PaddVs Flat 328.61 ha $709,975 $0 $710,000Pericoe 369.48ha $808,730 $0 $809,000Woolison 223.3Oha $375,320 $0 $375,000Old Delegate Hospital I .66ha $0 $0 $75,000Page 37m3propertysTaAr531s1sIQ?

Willmott Forests Freehold Land Portfolio7.0 VALUATION continuedMURRAY VALLEYPlantation NameIArdsley 1Title Area Land Value Structures Adopt449. 33ha $545518 so $546,000Belimolong, Eskett & Murrumbung 1 - 3 1 ,619.6Oha $3,861,585 $0 $3,862,000Billaroy485.9gha $1,210,22311$40,000 $1,20,000Boomaroo258.3Oha $626,625 $627,000$.011111Broughtons & Goodradigbee 1 & 2 1 ,842.54ha $2,955,260 $0 $2,955,000Carabost 1422.41 ha $1,035,325 $0 $1,035,000Coppabella Station & Noonarneena 1 ,987.4Oha $7,262,225 $0 $7,262,000Dakota115.l2ha $324,735 $0 $325,000Dunkirk 362.7Oha $356,290 $0 $656,000Duntuim 1 & 2 396.98ha $748,445 $60,000 $808,000Eagle RidgeFairfield 1Fairfield 2139.50ha $378,030 $0 $378,00072.84ha $199,086 $0 $199,00094.O3ha $282,090 $0 $282,000Girrahweenl, 2 & 3 643.35ha $2,180,480 $80,000 $2,260,000GrassdaleGreenlands131.O3ha $415,648 $0 $416,00048.27ha $116,558 $0 $117,000HadleyPark 932.6Oha $1,181,340 $0 $1,181, 000Humula 1 158.23ha $380,133 $10,000 $390,000lngleneuk 771 .00ha $767,250 $0 $767,000Kathlen 266.66ha $573,770 $10,000 $584,000Kimberley 1,2 & 3 & Wynwood 710.03ha $2,070,415 $140,000 $2,210,000Marjenbar 1-4 604.24ha $1,902,440 $10,000 $1,912,000Masonleigh 143.27ha $467,663 $0 $468,000Rippling Water Station 2,31 2.96ha $6,471,920 $230,000 $6,702,000Smiths 105.13ha $203,568 $0 $204,000Somerset 133.80ha $402,650 $0 $403,000Springdale 325.70ha. $1,009,625 $0 $1,010,000Takalo 1 - 5 3,894.68ha $6,842,532 $20,000 $6,863,000Taradale 1 257.4Oha $860,600 $50,000 $911,000Tatha 1 & 2 80.94ha $202,350 $0 $202,000Wake (Mannus 1 & 2) 294.2Oha $865,280 $0 $885,000Water 1 & 3 201 .87ha $412,488 $7,500 $420,000Watercreek 2 & 4 / Jingellic 2 474.SOha $997,275 $0 $997,000Wattlebank 1 & 2 473.48ha $1,522,280 $0 $1,22,000Wee Jasper 715.39ha $546,428 $0 $546,000Wyora 1, 2 & 3 - 372.42ha $674,545 $0 $675,000Total 22,297.69ha S51,472:672 $657,500 $52,130 :000Page 38m3property5 TRATEGI STS

Willmott Forests Freehold Land Portfolio7.0 VALUATION continuedNORTH COASTPlantation NameAmarinaTitle Area90.92haLand ValueStructures$465,040 $0Adopt$465,000Boxhill 180.67ha $1,129,188 $0 $1,129,000Busby 1 438.1 she $943,830 $0 $944,000Camira Creek 487.00ha $1,422,000 $1,422,000$911,Clearfield 118.2Oha $359,100 $0 $359,000Culmaran Creek 282.5Oha $780,850 $0 $781,000Fairview 176.B5ha $959,411 $0 $959,000Geregarow Station 1,656.55ha $3,812,588 $0 $3,813,000Hightield 390.48ha $2,106,135 $0 $2,106,000Jacky Bulbin Station 476.78ha $2437510 $0 $2,438,000Perkins Bridge Road 1 55.97ha $842,238 $0 $842,000Rocklea 375.47ha $1,032,543 $0 $1,033,000Sandy Creek 114.1 Oha $593,850 $90,000 $684,000Six Mile 307.26ha $743,870 $0 $744,000Southgate 211 .65ha $751,060 $0 $751,000Springfield 89.58ha $509,580 $0 $510,000Stormat 372.88ha $838,980 $0 $839,000Tatham Downs 479.63ha $3,440,055 $250,000 $3,690,000Wellingtonvale 394.l5ha $631,275111.1.11.1Yarras Station 1 & 2Total1,910.20ha3,709.02ha$6,779,800$30,578,892$0 $631,000$0$340,000$8,780,000$30,920,000NORTHERN TERRITORYIndividual short form reports for each property are included in Annexures 9 to 13.A summary of the various regions is provided below.Page 39m3property ST RAT C S I STS

Willmott Forests Freehold Land Portfolio7.0 VALUATION continuedThis valuation is for the private and confidential use only of Willmott Forests Limited and for thespecific purpose for which it has been requested. No third party is entitled to use or rely upon thisreport in any way and neither the valuer nor m3property (Vic) Pty Ltd shall have any liability to anythird party who does.Only a signed original of this valuation should be relied upon and no responsibility will be acceptedfor photocopies of the report.No part of this valuation or any reference to it may be included in any other document or reproducedor published in any way without written approval of the form and context in which it is to appear.This valuation is current as at the date of valuation only. The value assessed herein may changesignificantly and unexpectedly over a relatively short period of time (including as a result of generalmarket movements or factors specific to a particular property). We do not accept liability for lossesarising from such subsequent changes in value. Without limiting the generality of the abovecomment, we do not assume responsibility or accept any liability where the valuation is relied uponafter the expiration of ninety (90) days from the date of the valuation, or such earlier date if youbecome aware of any factors that have any effect on the valuation.William Barton MPICertified Practising ValuerRegistration No: VAL021 484 (New South Wales)Registered Land Valuer No 3373 (Queensland)Member No. 3468 (Victoria)Daniel Thomas AApiCertified Practising Valuer I DirectorRegistration No: VAL081 921 (New South Wales)Registered Land Valuer No 3359 (Queensland)Member No. 2669 (Victoria)Page 40m3property S T RATs I STSMR- 010.

Annexures1 Photocopy of Instructions2 Planning Details3 Sales Evidence - Southern Tablelands4 Sales Evidence - Born bala5 Sales Evidence - Murray Valley6 Sales Evidence - North Coast NSW7 Sales Evidence - Maryborough QLD8 Sales Evidence - Katherine NTIndividual Property Reports9 Bornbala 110 Bornbala 211 Murray Valley 112 Murray Valley 213 North Coast (incl. OLD & NT)m3property 4

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Land ReportWillmott Forests Portfolioto Introduction1.1 INSTRUCTIONSWe have been instructed by Willmott Forests Limited to provide a land report for inclusion in anInformation Memorandum prepared by Willmott Forests for the proposed sale and leaseback of theirforestry portfolio located in Victoria, New South Wales and Queensland.You have instructed that we address the following criteria for each of three submarkets being broadlydescribed as Bombala (NSW & VIC), Murray Valley (NSW) and North Coast (NSW & QLD);. Current value ranges for agricultural land;Analysis of historic land values; andAnticipated capital growth over the long term.1.2 DATE OF REPORT31 August 2010.Due to possible changes in market conditions and other circumstances this report can only beregarded as relevant at the date of report.1.3 NATURE OF ADVICEWe understand that the real estate component of the portfolio is being offered for sale subject to aproposed leaseback arrangement. That is, the planted forests which are held by third party "GrowerInterests" are not included in the offering.Our advice in relation to "current value ranges for agricultural land" is therefore strictly limitedto land values excluding the encumbrance of third party "Grower Interests" and anyconsequences that ensue resulting from their term occupation of the land.No consideration of the specific properties is included in this report and it should be regarded asgeneral advice only.Page 1(89947/24534 - 1 September 2010)

Land ReportWillmott Forests Portfolio1.4 DISCLAIMERThis advice has been prepared by m3property (Vic) Pty Ltd (hereinafter referred to as m3property) forthe sole use of Willmott Forests Limited. The advice provides a Land Report pertaining to the areaswithin which the freehold land portfolio of Willmott Forests is located and has been prepared forinclusion in an Information Memorandum (IM). This advice and our conclusions are based upon ourpresent knowledge and information with respect to market conditions.In preparing this report we have had regard to the current market conditions discussed in this report.Should market conditions change significantly then the findings in this report may no longer beapplicable and m3property does not accept liability for losses arising from such changes.Neither the undersigned nor m3property have any pecuniary interest giving rise to a conflict ofinterest in preparing this report.The advice in this report is based on available information and assumptions about circumstances andevents that have not yet transpired and is therefore subject to variations that may arise as futureeconomic and market factors actually occur. As a result we cannot provide any assurance that theforecasts contained in this report will be achieved. m3property accepts no responsibility for errors oromissions, or any loss or damage as a result of any person relying on this report for anything otherthan the sole purpose set out above. m3property specifically disclaims liability arising from lossand/or damage suffered by any person as a consequence of any of the forecasts contained in thisreport not being achieved.1.5 QUALIFICATIONm3property has consented to the inclusion of this report in the Information Memorandum, but is notproviding advice about the suitability of the investment as set out in the IM. We have been retainedby Willmott Forests Limited and have provided this report solely in our capacity as an independentprofessional advisor.Page 2

Land ReportWillmott Forests Portfolio1.6 APPROACHWe have been provided with a schedule of properties which are to be included in the sale andleaseback process and understand these to comprise approximately 65,214 hectares of freehold areawith the following submarket breakdown.We provide an explanation of our approach to each of the three criteria as set out above.CURRENT VALUE RANGES FOR AGRICULTURAL LANDWithin each submarket group we have analysed market transactions which have occurred in the pasttwo years to disclose a gross rate per hectare. We have then applied our knowledge of the portfolioto arrive at an appropriate range of values (on a gross-dollars-per-hectare basis) for the submarket.ANALYSIS OF HISTORIC LAND VALUESIn order to gain an understanding of historic land value trends, we have analysed sales within eachsubmarket on a gross-dollars-per-hectare basis for all properties sold within the search area whichare greater than 40 hectares and transacted between 1990 and 2010 (20 years). In each submarket,we have chosen either one or two Local Government Areas (LGAs) that are considered to berepresentative of the submarket, as set out in the following table.We have indexed the data set to provide trend analysis and also expressed the trends in the contextof 20 year linear growth. The index has not been adjusted for inflation and therefore representsnominal growth only.Page 3

Land ReportWillmott Forests Portfolio1.6 APPROACH continuedANTICIPATED CAPITAL GROWTH OVER THE LONG TERMWhilst historic price trends and current market sentiment may provide an insight into future capitalgrowth, there are a range of issues which make forecasting future capital growth troublesome. Wehave therefore sought to identify both the anticipated future drivers of value and the key risksassociated with achieving similar growth levels in the future, to those disclosed by the historic trendanalysis.Page 4

Land ReportWillmott Forests Portfolio2MBombalaThe Bombala submarket can be broadly divided into two discreet areas (Southern Tablelands, NSWand Bombala, VIC & NSW) as depicted on the following map. The properties within this submarketare shown in red and the sales evidence to which we have had regard is outlined in gold.CURRENT VALUE RANGES FOR AGRICULTURAL LANDGiven that the submarket is held within two discreet areas, we have considered direct sales evidencefrom both Southern Tablelands (north) and Bombala (south). The following table provides asummary of transactions in the Southern Tablelands.AddressSale DateSale Pri cerivAreatc1UTuross Road, CounteganyAug-09$575,000771.69 ha$750 /ha"Old Minton" 128 Evans Road, Nimmitabel Jul-09 $274,500 166.20 ha $1,650 /haThe Mount Mt Elrington Road, Farringdon Jun-09 $1,704,000 501.67 ha $3,400 /ha147 Springfield Road, Nimmitabel Jun-09 $488,950 315.38 ha $1,550 /ha5624 Snowy Mountains Hwy, Steeple Flat Feb-09 $695,270 449.70 ha $1,550 /haPage 5

Land ReportWillmott Forests Portfolio2.0 BOMBALA continuedCURRENT VALUE RANGES FOR AGRICULTURAL LAND continuedThe following table provides a summary of transactions in Bombala.Address"Mountain Ash", 203 Clarkeville Road, BendocSale DateDec-09Sale i Price$19,000rIWTU89.17 haGross$2,190 /haBalgowrlie Road, Delegate Nov-09 $260,000 145.80 ha $1,780 /haBalgownie Road, Quidong Nov-09 $350,000 448.04 ha $780 /haTooraloo’ Mila Road, Delegate Nov-09 $750,000 305.30 ha $2,456 /ha202 Willis Road, Tubbut Jun-09 $355,000 718.56 ha $490 /ha525-585 Haydens Bog Road, Bendoc Apr-09 $185,000 55.50 ha $3,330 /haPowers Road, Delegate Jul-08 $330,000 56.02 ha $5,890 /ha"Ambyne" Tingaringi Road, Corrowong May-08 $640,000 475.50 ha $1,350 /haMonaro Highway, Rosemeath Mar-08 $424,600 95.84 ha $4,430 /haCreewah Road, Cathcart Feb-08 $500,000 111.82 ha $4,470 /haThere are limited comparable transactions in the Bombala submarket. Our enquiries of SellingAgents and Vendors is that whilst buyers exist at a level of value, Vendor’s expectations remain firm,which has resulted in a largely subdued market. Of those sales that have occurred, Selling Agentsreport extended selling periods and purchasers continue to experience difficulties in securing finance.The above sales evidence reflects a range of $490 to $5,890 per hectare (gross) with variancesdependent largely on matters such as location, aspect, topography, the size of the land andproportion of native vegetation / remnant land.Based on our knowledge of the portfolio, we consider that an appropriate range of values for land inthe Bombala submarket is between $1,000 and $2,900 per hectare (gross), with the majority ofproperties reflecting at or around $1,900 per hectare (gross).Page 6

Land ReportWillmott Forests Portfolio2.0 BOMBALA continuedANALYSIS OF HISTORIC LAND VALUESThe following map shows the Bombala LGA (gold) in the context of the Bombala submarket.Page 7

Land ReportWillmott Forests Portfolio2.0 BOMBALA continuedANALYSIS OF HISTORIC LAND VALUES continuedThe following graph depicts the historic land value trend analysis. The graph displays annual indexvalues (red), a 20 year linear trend line (black) and number of transactions per year (grey).-....--..--. ------------------The annual index of market transactions in the Bombala LGA indicates that between 1990 and 2010values increased by 4.9% (0.2% compound annually). The 20 year linear trend line reflects annualcompound growth of 7.5%.Rural property markets may be described as "stepped", characterised by periods of static or lowgrowth before more noticeable corrections. As demonstrated in the above graph, the period from1992 to 1998 reflects low growth prior to a positive correction in 1998 / 1999 and then again in 2003 /2004.Whilst the period from 2000 to 2009 was characterised by prevailing drought conditions, land pricesfor both farming and grazing land continued to increase. The main drivers of this increase were;Continued corporate and institutional interest due to a positive commodities outlook andincreased allocations of funds (superannuation / sovereign / endowment) to alternate assets.Low / stable interest rates and liquidity in farm lending which permitted existing farmers tocontinue farm build-up and/or geographic diversification.Page 8

Land ReportWillmott Forests Portfolio2.0 BOMBALA continuedANTICIPATED CAPITAL GROWTH OVER THE LONG TERMWhilst there are localised examples, the Bombala submarket is not generally influenced by lifestylepurchasers and is more closely aligned to primary production influences such as soft commodityprices and climatic conditions. The submarket is therefore characterised by the generationalpurchaser, typically a farmer seeking to effect farm build up.Rural land in the Bombala submarket is therefore generally purchased with a medium to long terminvestment profile and medium term agribusiness sentiment is likely to continue to be the value driverin the future. Therefore rural land values are unlikely to experience long term decline unless mediumterm sentiment in agriculture is negative or banks / financiers remove support across a wide range ofclients contemporaneously (as was the case in the early 1990s).Whilst the 20 year linear trend line reflects annual compound growth of 7.5% (nominal), we note shortterm volatility throughout the sample period.Despite the current subdued market conditions and resulting "static" values due to financeconstraints, given that agribusiness sentient is positive at present, we anticipate a positive long termgrowth equation similar to the historic linear trend as analysed.Page 9

Land ReportWillmott Forests Portfolio3.0 Murray ValleyThe submarket described as Murray Valley comprises the area as depicted on the following map.The properties within this submarket are shown in red and the sales evidence to which we have hadregard is outlined in gold.CURRENT VALUE RANGES FOR AGRICULTURAL LANDThe following table provides a summary of transactions in the Murray Valley submarket.AddressLot 8 and 9 Munderoo Road, TumbarumbaSale DateMay-1 0Sale Price$590,000rivArea144.57 hae;U$4,080 /haLot 5 Munderoo Road, Tumbarumba May-10 $232,000 63.62 ha $3,650 /haLot 6 Munderoo Road, Tumbarumba May-10 $145,000 45.17 ha $3,210 /haLot 7 Munderoo Road, Tumbarumba May-10 $184,000 57.24 ha $3,210 /haTralee, Tumbarumba May-10 $800,000 203.75 ha $3,930 /ha349 Schultz Road, Mundarlo NSW Apr-1 0 $520,000 331.70 ha $1,570 /haCoodravale Road, Wee Jasper Mar-1 0 $320,000 87.76 ha $3,650 /haHighlands, Yaven Creek Road, Yaven Creek Jan-10 $1,011,906 332.98 ha $3,040 /haPage 10

Land ReportWillmott Forests Portfolio3.0 MURRAY VALLEY continuedCURRENT VALUE RANGES FOR AGRICULTURAL LAND continuedAddress309 Black Range Road, TumbarumbaSale DateOct-09Sale Price$650,000F1iTVArea88.32 haefl$7,360/haThe Poplars’ Wee Jasper Road, Wyangle Oct-09 $4,000,000 2,107.37 ha $1,900 /ha620 Mannus Creek Road, Mannus Sep-09 $900,000 338.70 ha $2,660 /haVitonga’ Humula Eight Mile Road, Humula Sep-09 $830,000 262.20 ha $3,170 /haWagga Road, Tumbarumba Jul-09 $456,000 123.70 ha $3,690 /haApton Waters" Stewarts Road, Oberne Creek Jan-09 $1,236,400 741.50 ha $1,670 /haKarebeto Jingellic Road, Munderoo Jun-08 $1,674,700 341.95 ha $4,900 /ha"Burradoo" Taradale Road, Taradale Apr-08 $999,000 180.80 ha $5,530 /haTaradale Road, Taradale Apr-08 $277,000 49.47 ha $5,600 /haOld Taradale Road, Taradale Apr-08 $550,000 102.50 ha $5,370 /ha2252 Jingellic Road, Munderoo Feb-08 $840,805 214.72 ha $3,920 /haJones Road, Tumorrama Feb-08 $420,000 151.40 ha $2,770 /ha’Woodleigh’, Wee Jasper Road, Tumorrama Dec-07 $925,000 313.70 ha $2,950 /haTinanee 165 Hulmes Road, Yarara Oct-07 $1,730,000 341.30 ha $5,070 /haKameroo", Vokins Creek Road, Carabost Sep-07 $1,574,400 518.00 ha $3,040 /haThere are limited comparable transactions in the Murray Valley submarket. Our enquiries of SellingAgents and Vendors is that whilst buyers exist at a level of value, Vendor’s expectations remain firm,which has resulted in a largely subdued market. 01 those sales that have occurred, Selling Agentsreport extended selling periods and purchasers continue to experience difficulties in securing finance.The above sales evidence reflects a range of $1,570 to $7,360 per hectare (gross) with variancesdependent largely on matters such as location, aspect, topography, the size of the land andproportion of native vegetation / remnant land.Based on our knowledge of the portfolio, we consider that an appropriate range of values for land inthe Murray Valley submarket is between $900 and $3,700 per hectare (gross), with the majority ofproperties reflecting at or around $2,300 per hectare (gross).Page 11

Land ReportWillmott Forests Portfolio30 MURRAY VALLEY continuedANALYSIS OF HISTORIC LAND VALUESThe following map shows the Greater Hume and Tumbarumba LGAs (gold) in the context of theMurray Valley submarket.Source: Google Earth Pro software.Page 12

Land ReportWillmott Forests Portfolio3.0 MURRAY VALLEY continuedANALYSIS OF HISTORIC LAND VALUES continuedThe following graph depicts the historic land value trend analysis. The graph displays annual indexvalues (red), a 20 year linear trend line (black) and number of transactions per year (grey).-....--.--.The annual index of market transactions in the Greater Hume and Tumbarumba LGAs indicates thatbetween 1990 and 2010 values increased by 106.6% (3.7% compound annually). The 20 year lineartrend line reflects annual compound growth of 12.4%.Rural property markets may be described as "stepped", characterised by periods of static or lowgrowth before more noticeable corrections. As demonstrated in the above graph, the period from1991 to 1999 reflects low growth prior to a positive correction from 2000 through to 2008.Whilst the period from 2000 to 2009 was characterised by prevailing drought conditions, land pricesfor both farming and grazing land continued to increase. The main drivers of this increase were;Continued corporate and institutional interest due to a positive commodities outlook andincreased allocations of funds (superannuation / sovereign / endowment) to alternate assets.Low / stable interest rates and liquidity in farm lending which permitted existing farmers tocontinue farm build-up and/or geographic diversification.Page 13

Land ReportWillmott Forests Portfolio3.0 MURRAY VALLEY continuedANTICIPATED CAPITAL GROWTH OVER THE LONG TERMThe Murray Valley submarket, whilst closely aligned to primary production influences such as softcommodity prices and climatic conditions is also influenced by small to medium part-time farmingenterprises. The submarket is therefore characterised by a mix of generational purchasers andindividuals who live "on-farm" whilst earning their primary income "off-farm".Rural land in the Murray Valley submarket is therefore generally purchased with a medium to longterm investment profile and medium term agribusiness sentiment is likely to continue to be the valuedriver in the future. Therefore rural land values are unlikely to experience long term decline unlessmedium term sentiment in agriculture is negative or banks / financiers remove support across a widerange of clients contemporaneously (as was the case in the early 1990s). Furthermore, given thepresence of part-time farming enterprises, the Murray Valley submarket will continue to be influencedby broader economic conditions and government policy in relation to the tax treatment of primaryproduction.Whilst the 20 year linear trend line reflects annual compound growth of 12.4% (nominal), we noteshort term volatility throughout the sample period.We anticipate a continuation of subdued market conditions and "static" values due to current financeconstraints in the short term. However the outlook for long term growth remains positive albeit atreduced rates when compared to the robust historic linear trend of 12.4% per annum.Page 14

Land ReportWillmott Forests Portfolio4ONorth CoastThe submarket described as North Coast comprises the area as depicted on the following map. Theproperties within this submarket are shown in red and the sales evidence to which we have hadregard is outlined in gold.CURRENT VALUE RANGES FOR AGRICULTURAL LANDThe following table provides a summary of transactions in the North Coast submarket.y..T;r;i(41-Sale DateSale PriceLand Areaeri:445 Johnsons Road, YorkleaFeb-1 0$415,00052.95 ha$7,840 /ha870 Mongogarie Road, Mongogarie Dec-09 $190,000 40.00 he $4,750 /ha770 Avenue Road, Ellangowan Sep-09 $449,000 40.00 ha $11,230 /ha49 Hansen Road, Tunglebung Aug-09 $585,000 58.46 ha $10,010 /ha310 Perkins Bridge Road, Tatham Jul-09 $590,000 59.02 ha $10,000 /ha8855 Summerland Way Leeville Jun-09 $750,000 121.40 ha $6,180 /haMooneys Lane, Ellangowan May-09 $115,000 43.77 ha $2,630 /ha9155 Summerland Way Leeville Jan-09 $455,000 65.62 ha $6,930 /haPage 15

Land ReportWillmott Forests Portfolio4.0 NORTH COAST continuedCURRENT VALUE RANGES FOR AGRICULTURAL LAND continuedAddress"Clearfield", Part 850 Clearfield Road, RappvilleSale DateDec-08-int;$362,000Land Area118.20 hac1T;i$3,060 /ha"Amarina", 170 Amarina Road, Leeville Sep-08 $440,000 90.92 he $4,840 /ha5402 Orara Way, Braunstone Apr-08 $770,000 165.97 ha $4,640 /haClarence Way, Culmaran Creek Jan-08 $637,000 129.90 ha $4,900 /ha686 Paddys Flat Road, Tabulam Mar-07 $460,000 223.70 he $2,060 /haThere are limited comparable transactions in the North Coast submarket. Our enquiries of SellingAgents and Vendors is that whilst buyers exist at a level of value, Vendor’s expectations remain firm,which has resulted in a largely subdued market. Of those sales that have occurred, Selling Agentsreport extended selling periods and purchasers continue to experience difficulties in securing finance.The above sales evidence reflects a range of $2,060 to $11,230 per hectare (gross) with variancesdependent largely on matters such as location, aspect, topography, the size of the land andproportion of native vegetation / remnant land.Based on our knowledge of the portfolio, we consider that an appropriate range of values for land inthe North Coast submarket is between $1,600 and $7,700, per hectare (gross), with the majority ofproperties reflecting at or around $3,550 per hectare (gross).Page 16

Land ReportWillmott Forests Portfolio4.0 NORTH COAST continuedANALYSIS OF HISTORIC LAND VALUESThe following map shows the Richmond Valley LGA (gold) in the context of the North Coastsubmarket.Page 17

Land ReportWillmott Forests Portfolio4.0 NORTH COAST continuedANALYSIS OF HISTORIC LAND VALUES continuedThe following graph depicts the historic land value trend analysis. The graph displays annual indexvalues (red), a 20 year linear trend line (black) and number of transactions per year (grey).U&UI. i..aa&i:.j&ioi. ,00 I IOCI Ia III I IIIIThe annual index of market transactions in the Richmond Valley LGA indicates that between 1990 and2010 values increased by 125.5% (4.1% compound annually). The 20 year linear trend line reflectsannual compound growth of 7.2%.Rural property markets may be described as "stepped", characterised by periods of static or lowgrowth before more noticeable corrections. As demonstrated in the above graph, the period from1990 to 1996 reflects low growth prior to a positive correction in 1996 / 1997 and then again in 2004 /2006.Whilst the period from 2000 to 2009 was characterised by prevailing drought conditions, land pricesfor both farming and grazing land continued to increase. The main drivers of this increase were;Continued corporate and institutional interest due to a positive commodities outlook andincreased allocations of funds (superannuation / sovereign / endowment) to alternate assets.Low / stable interest rates and liquidity in farm lending which permitted existing farmers tocontinue farm build-up and/or geographic diversification.Page 18

Land ReportWillmott Forests Portfolio4.0 NORTH COAST continuedANTICIPATED CAPITAL GROWTH OVER THE LONG TERMThe North Coast submarket is complex and whilst traditionally aligned to primary productioninfluences, such as soft commodity prices and climatic conditions, it is increasingly influenced bysmall to medium part-time farming enterprises and lifestyle allotments. The submarket is thereforecharacterised by a mix of agricultural purchasers and individuals who live "on-farm" whilst earningtheir primary income "off-farm".Over the past decade, the North Coast submarket has seen a "flight to quality" of sorts for largergrazing and cropping parcels. This is principally as a result of drought conditions across much ofNew South Wales which has resulted in farmers seeking both higher and more consistent annualrainfall. Rural land values are unlikely to experience long term decline unless medium term sentimentin agriculture is negative or banks I financiers remove support across a wide range of clientscontemporaneously (as was the case in the early 1990s). Furthermore, given the presence of lifestyleallotments, the North Coast submarket will continue to be influenced by broader economic conditionsand in particular interest rates for smaller parcels.Whilst the 20 year linear trend line reflects annual compound growth of 7.2% (nominal), we note shortterm volatility throughout the sample period.After showing signs of an economic recovery in the first half of 2010, the Australian economy iscurrently in a state of hiatus, driven mainly by renewed global economic uncertainty. We thereforeanticipate a continuation of subdued market conditions and "static" values in the short term, beforereturning to a positive long term growth equation similar to the historic linear trend as analysed.Page 19

Land ReportWillmott Forests Portfolio50 Qualificationsm3property has consented to the inclusion of this report in the Information Memorandum, but is notproviding advice about the suitability of the investment as set out in the IM. We have been retainedby WiIlmott Forests Limited and have provided this report solely in our capacity as an independentprofessional advisor.This report is current as at the date of report only. The advice provided herein may changesignificantly and unexpectedly over a relatively short period of time (including as a result of generalmarket movements or factors specific to a particular property).Should you have any queries in regards to this advice please do not hesitate to contact the writers.Certified Practising ValuerDaniel Thomas AAPjCertified Practising Valuer / DirectorPage 20

Fecsimtle 03 9670 1658Sydney. Level 1411 Castlereagh Street ,: ,Sydney NSWTelephone 02 82348100Facsimile 02 9232 5144infom3property.co6.auwww.m3property.com.auNAm3rope fly