INFORMATION MEMORANDUM

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INFORMATION MEMORANDUM 37,935.995 Hectares (93,739.84 acres) Pastoral holding Mt Coolon John Wilkinson 0429 832 797 Tony Hoch 0448 831 553 Jake Passfield 0488 588 044 Office Phone 4983 1555 john@hochandwilkinson.com www.hochandwilkinson.com Livestock & Property

Bungobine EXPRESSIONS OF INTEREST EXPRESSIONS OF INTEREST: Closing 5:00pm Wednesday 24th June 2015 with Macrossan & Amiet VENDORS: JP & H Pastega SELLING AGENTS:, CLERMONT PHONE: 07 4983 1555 FACISIMILE: 07 4983 1554 JOHN WILKINSON: 0429 832 797 TONY HOCH: 0448 831 553 JAKE PASSFIELD: 0488 588 044 EMAILS: john@hochandwilkinson.com tony@hochandwilkinson.com jake@hochandwilkinson.com SOLICITORS: John Formosa MACROSSAN & AMIET PO BOX 76 MACKAY QLD 4740 PHONE 07 4944 2000 FAX 07 4957 3346 EMAIL jjf@macamiet.com.au DISCLAIMER: The vendors and/or their agents & solicitors do not give any warranty as to errors or omissions if any, in these particulars with they believe to be accurate when compiled. Prospective purchasers should satisfy themselves by inspection or otherwise to the accuracy.

Information Memorandum CONTENTS LOCATION 2 SERVICES 2 AREA & TENURE 2 LATEST RATES NOTICE 3 QUARTERLY LAND RENTAL 4 CURRENT STATE TENURE SEARCH 5 COUNTRY 7 VEGETATION MAPS 8 WATER 12 STOCKYARDS 16 FENCING 16 LIVESTOCK 17 PLANT, MACHINERY & EQUIPMENT 18 ROTATION MAP 20 PRODUCTION CAPACITY 20 REMARKS 21 PADDOCK NUMBERS & AREA 22 PROPERTY MAP 23

2 Bungobine LOCATION Bungobine is situated 8km North of Mt Coolon, 230km North of Clermont and 250km West North West of Mackay. SERVICES Twice weekly mail service from Collinsville. Rural power, wireless internet and telephone services. Mobile phone service over most of the property. AIRSTRIP: 1500m airstrip on the property adjacent to the homestead. Co-ordinates 21 degrees 20 24.96 S and 147 degrees 18 26.47 E. AREA & TENURE Lot: 3279 SP 270182 PDH 12/3279 Area: 36,900 ha (91,179.9 acres) County of Sellheim. Parish of Carmel & Wylie Rolling term lease expiring: 30/09/2056 Lot: 2 CP SM12 TL 0/207430 Area: 1035.995 ha (2,559.94 acres) County of Sellheim. Parish of Bulgomern Rolling term lease expiring: 30/06/2036 Total Area: 37,935.995 ha (93,739.84 acres) Local Goverment: Whitsunday Regional Council Net Rates: Approx $35,043.65 half yearly. Quarterly Land Rental $7,515.25 (including drought rebate)

3 Information Memorandum LATEST RATES NOTICE

4 Bungobine QUARTERLY LAND RENTAL

5 Information Memorandum CURRENT STATE TENURE SEARCH

6 Bungobine CURRENT STATE TENURE SEARCH

7 Information Memorandum COUNTRY Bungobine comprises approximately 50% pulled Buffel scrub country, originally predominately Gidyea, Brigalow, Sandlewood and Blackbutt. The balance is semi-open Box country running up to Iron Bark ridges with Lancewood and Bendee Tops. Buffel is the dominant grass on Bungobine with a strong Seca Stylo influence throughout, other grasses include Urochloa, Kangaroo and Spear.

8 Bungobine VEGETATION MAPS

9 Information Memorandum VEGETATION MAPS

10 Bungobine VEGETATION MAPS

11 Information Memorandum VEGETATION MAPS

12 Bungobine WATER Bungobine is watered by 30 dams plus a large semi-permanent swamp in Swamp Paddock. A 28km, 63mm poly pipe line from a 57,000 gal galvanised liner tank at East Bush Dam forms part of the Bungobine water network. DAMS House Dam Yard Dam East Bush Dam Open Dam Old Yard Dam Powerline Dam Whynot Dam Jim s Dam Chinamens Dam Kenny s Dam Bendee Dam Syphon Dam Corremins Dam EQUIPMENT & INFORMATION Fenced, equipped with mono electric pump, power connected, Comet windmill, pumping to 20,000 gal galvanised liner tank. Servicing station complex plus 20,000 gal galvanised liner tank on hill near stockyards. Also pipeline to Turnoff Dam. Open dam, equipped with mono solar pump, pumping to 20,000 gal galvanised liner tank on hill near stock yards. Open dam, equipped with mono solar pump, pumping to 57,000 gal galvanised liner tank. Supplying 28km of 63mm poly pipe. * See notes Pipeline Water Network. Open walk in dam. Open walk in dam. Fenced, equipped with Comet windmill, pumping to Turkey s Nest, servicing concrete trough. Fenced, walk in dam. Open walk in dam. Open walk in dam. Open walk in dam. Honda pump 2 poly pipeline to Brigalow tank (20,000 gal galvanised liner tank servicing concrete trough, watering Wyarra, Top Bush and Whynot paddocks). Open walk in dam Open walk in dam Fenced, Comet windmill pumping to 5,000 gal poly tank, servicing concrete trough in watering square.

13 Information Memorandum WATER DAMS New Dam West Bush Dam Gidyea Dam Little Myall Dam Bungobine Dam Rosetta Dam Quinnes Dam Yacca Dam Big Myall Dam West 9 Mile Dam Caravan Dam EQUIPMENT & INFORMATION Fenced, Comet windmill pumping to 20,000 gal galvanised liner tank, servicing 1 x concrete trough and 2 x paddocks. Also 1 1/2 poly pipe line to trough in Swamp Paddock. Fenced, Comet windmill pumping to 2 x 5,000 gal poly tanks, servicing 1 x trough, 3 x paddocks. Open dam, Comet windmill pumping to 10,000 gal poly tank, servicing 2 x concrete troughs and watering 3 x paddocks. Fenced, Comet windmill pumping to 10,000 gal poly tank, servicing 1 x concrete trough. Fenced, Comet windmill pumping to Turkey s Nest, servicing 1 x concrete trough. Open walk in dam. Fenced, Comet windmill pumping to 20,000 gal galvanised liner tank, servicing 1 x concrete trough and 3 x paddocks. Fenced, Comet windmill pumping to 5,000 gal poly tank, servicing 1 x trough. Open, Comet windmill pumping to 10,000 gal poly tank, servicing 2 x concrete troughs. Fenced, Comet windmill pumping to 20,000 gal galvanised liner tank, servicing 1 x concrete trough and 3 x paddocks. Fenced, Comet windmill pumping to 20,000 gal galvanised liner tank, servicing 2 x concrete troughs and 2 x paddocks. 3 Tanks Dam Fenced, Comet windmill pumping to 2 x 5,000 gal poly tanks, 1 x 5,000 gal concrete tank, servicing 2 x troughs and watering 4 x paddocks. South 9 Mile Dam Fenced, Comet windmill pumping to 20,000 gal galvanised liner tank, servicing 2 x concrete troughs and watering 4 x paddocks. Turnoff Dam Fenced, Comet windmill pumping to 1 x 5,000 gal poly tank, 1 x 5,000 gal concrete tank, servicing 2 x troughs and watering 2 x paddocks.

14 Bungobine WATER DAMS EQUIPMENT & INFORMATION 3 Mile Dam Fenced, Comet windmill pumping to 20,000 gal galvanised liner tank, servicing 2 x concrete troughs and watering 3 x paddocks Weaner Dam White Dam Fenced, Comet windmill pumping to Turkey s Nest, servicing 3 x concrete troughs and watering 2 x paddocks. Fenced, Comet windmill pumping to 20,000 gal galvanised liner tank, servicing 3 x concrete troughs and watering 3 x paddocks. EAST BUSH DAM

15 Information Memorandum WATER Pipeline Water Network 57,000 gal galvanised liner tank at East Bush Dam supplies 28km by 63mm poly pipe line to 20,000 gal galvanised liner tank on hill near Stockyards, servicing troughs in South Bush Paddock, Lane Paddock, Swamp Paddock, Long Paddock, Bull Paddock, four new weaner paddocks and stockyards. From the tank on the hill near stockyards, line continues onto 3 Tanks Dam, servicing troughs in Dam Paddock, lane, Top Creek Paddock, Bottom Creek Paddock, 7.7 Paddock as well as paddocks serviced by 3 Tanks Dam. Another line goes to Caravan Dam, servicing troughs in Top Creek Paddock as well as paddocks serviced by Caravan Dam. IMPROVEMENTS BUILDING Homestead Married Man s Cottage Single Men s Quarters Machinery Shed Machinery Shed #2 Workshop DETAILS Two storied homestead, consisting of 5 bedrooms, 3 with ensuites, 1 bathroom and 5 toilets. Two kitchens, two lounges, dining room, breakfast room and office. Large open entertaining area undercover on concrete floor. Store room, laundry, cold room and auxiliary power plant adjoin. Three bedrooms complete with split system air conditioner, fully self contained. Two bedrooms, air conditioned. 8.7 x 18m corrugated iron and timber with power connected. 19 x 18m corrugated iron 12.3 x 15.3m (with 6.3 x 3.1m tool shed included) corrugated iron and timber frame, concrete floor, power connected.

16 Bungobine STOCKYARDS Bungobine has an excellent all steel, centrally located stockyard complete with a large roofed concreted working area, incorporating a 7 way pound draft, calf crush C/W a Warwick hydraulic branding cradle. The normal working crush has a postless vaccinating section full length of the crush and comes complete with a BR blue tooth panel reader, Warwick exotic heavy duty hydraulic crush, Gallagher weigh bars and scales with 4 way hydraulic draft off front. The stockyards are completed with a double deck loading ramp, steel framed hay shed and saddle room, 10 water yards and large coolers leading to the extensive internal laneway network. FENCING Bungobine is subdivided into 41 grazing paddocks plus holding and weaner paddocks and an extensive internal laneway network. The fencing is predominately 3 barb on steel and wooden posts, some with steel droppers. There are three sections of 2 barb on wooden posts. All new fencing is completed with steel corners and gateways.

17 Information Memorandum LIVESTOCK The Bungobine brand is being sold with the property. Bungobine is being sold with a quality Brahman Droughtmaster cross herd of approximately 5,354 branded cattle. Ear mark: BREEDERS YEAR BRAND # NUMBER OF HEAD 2004 36 2005 66 2006 91 2007 159 2008 303 2009 168 2010 384 2011 262 2012 508 2013 576 TOTAL 2,553 100 Bulls 624 # 4 Steers 672 # 4 Heifers 686 # 5 Steers 719 # 5 Heifers With unbranded calves given in. All breeders are annually vaccinated for Lepto & Botulism. All bulls are annually vaccinated for Vibrio, Pestivirus & Botulism. At branding heifer calves are vaccinated with 7 in 1 and steer calves 5 in 1. The # 4 steers are HGP treated with 400 day Compudose with the balance of the herd HGP free.

18 Bungobine PLANT, MACHINERY & EQUIPMENT EQUIPMENT 1984 Toyota Truck with 4000Lt Lick Tank and Crate 2001 4WD Kubota M 8200 Tractor/Loader with 4 in 1 Bucket, Forks and Bail Grab Rego A1210 Cat 12E Grader Gehl 4640 Turbo Skid Steer with 4 in 1 bucket, Hyd Borer, Cement Mixer and Trencher (2007) 2007 Nissan UD PK265 Truck and Leader Crate Rego 163SBC 1996 Landcruiser Trayback Rego 812DOT 1997 Landcruiser Trayback Rego 018DXX 6T Tandem Trailer with 4500t Poly molasses tank 2006 10 x6 tandem box trailer Rego 869QMX Howard Nugget 6 Slasher (2015) Alum. Loading ramps 2 Sthill chainsaws Qty. Yellow poly troughs (lick) Kuboto 6000 Quiet Box Generator 500lt fire fighting unit. 5000lt diesel storage tank 1000lt petrol storage tank Honda fire fighter pumps Husqvana 42 ride on mower Husqvarna 124L Whipper Snipper 275 CIG Meg Welder

19 Information Memorandum PLANT, MACHINERY & EQUIPMENT EQUIPMENT 15 Amp portable stick welder Puma 80lt compresser (2013) Hare & Forbes angle cut band saw (2014) Dixon 110mm poly welder (2014) Metabo 18V 5.2amp battery drill, wrench and grinder (2014) Makita battery tool kit Oxy cutting set Sidchrome wall tool box 75mm Christy maxi steel post driver (2013) 2 x 3 dog kennels with raised bed and water 2012 Honda ATV TRX500 2008 Honda ATV TRX500 2013 Suzuki DR 200SE 2011 Yamaha TTR250 RA Enduro

20 Bungobine ROTATION MAP Bungobine s herd and pasture is strategically managed in 9 separate rotations within the property. Paddocks within these rotations are specifically used for different management purposes such as joining of bulls, branding of calves, weaning etc. The map below illustrates the separate rotations. PRODUCTION CAPACITY The vendors have consistently carried 7,000 branded cattle on a year round basis.

21 Information Memorandum REMARKS Bungobine is a highly regarded breeding, backgrounding and fattening property with an abundant supply of Buffel grass, being offered with a quality herd in full production and extensive station plant affording the purchaser security and opportunity.

PROPERTY MAP/PADDOCK NUMBERS 22

23 N Dam l