CROMWELL PROPERTY GROUP — AGM Information 2014

Nov 25, 2014

Cromwell Property Group – 2014 Annual General Meeting

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Important Information & Disclaimer

This presentation including its appendices (“Presentation”) is advice as they deem necessary or consider appropriate for dated 26 November 2014 and has been prepared by the their particular jurisdiction. Cromwell Property Group, which comprises Cromwell Cromwell Property Group does not guarantee any particular Corporation Limited (ACN 001 056 980) and Cromwell Property Securities Limited (ACN 079 147 809; AFSL 238052) rate of return or the performance of Cromwell Property Group nor do they guarantee the repayment of capital from Cromwell as responsible entity of the Cromwell Diversified Property Trust (ARSN 102 982 598). Units in the Cromwell Diversified Property Group or any particular tax treatment. Past Property Trust are stapled to shares in Cromwell Corporation performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as Limited. The stapled securities are listed on the ASX (ASX (and is not) an indication of future performance. Actual results Code: CMW).

Cromwell Property Group does not guarantee any particular Corporation Limited (ACN 001 056 980) and Cromwell Property Securities Limited (ACN 079 147 809; AFSL 238052) rate of return or the performance of Cromwell Property Group nor do they guarantee the repayment of capital from Cromwell as responsible entity of the Cromwell Diversified Property Trust (ARSN 102 982 598). Units in the Cromwell Diversified Property Group or any particular tax treatment. Past Property Trust are stapled to shares in Cromwell Corporation performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as Limited. The stapled securities are listed on the ASX (ASX (and is not) an indication of future performance. Actual results Code: CMW). could differ materially from those referred to in this This Presentation contains summary information about Presentation. Cromwell Property Group as at 30 June 2013. Statutory This Presentation contains certain “forward looking” financial information has been reviewed by Cromwell Property statements. Forward looking statements, opinions and Group’s auditors. Operating financial information has not been subjected to audit review. All financial information is in estimates are based on assumptions and contingencies which are subject to change without notice. Forward-looking Australian dollars and all statistics are as at 30 June 2013 unless otherwise stated . Any gearing and interest cover ratios statements including projections, indications or guidance on future earnings or financial position and estimates are for Cromwell Property Group included in the Presentation have been calculated in accordance with the formulas stated. These provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. measures are not measures of, or defined terms of, financial performance, liquidity or value under AIFRS or US GAAP. There can be no assurance that actual outcomes will not differ Moreover, certain of these measures may not be comparable materially from these statements. To the fullest extent to similarly titled measures of other companies. permitted by law, Cromwell Property Group and its directors,

There can be no assurance that actual outcomes will not differ materially from these statements. To the fullest extent permitted by law, Cromwell Property Group and its directors, officers , employees , advisers , agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions.

The information in this Presentation is subject to change without notice and does not purport to be complete or comprehensive. It does not purport to summarise all information that an investor should consider when making an investment decision. It should be read in conjunction with Cromwell Property Group’s other periodic and continuous disclosure announcements lodged with the Australian S ecur t es i i E xc h ange, w hi c h are ava il a bl e at www.asx.com.au.

The information in this Presentation has been obtained from or based on sources believed by Cromwell Property Group to be reliable. To the maximum extent permitted by law, Cromwell Property Group, their officers, employee, agents and advisors do not make any warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this Presentation and disclaim all responsibility and liability for the information (including, without limitation, liability for negligence).

The information in this Presentation does not take into account your individual objectives, financial situation or needs. Before making an investment decision, investors should consider, with or without a financial or taxation adviser, the relevant information (including the information in this Presentation) having regard to their own objectives, financial situation and needs. Investors should also seek such financial, legal or tax

Cromwell Corporation Limited is not licensed to provide financial product advice in respect of Cromwell Property Group

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securities. To the extent that general financial product advice in respect of Cromwell Property Group stapled securities is provided in this Presentation, it is provided by Cromwell Property Securities Limited. Cromwell Property Securities Limited and its related bodies corporate, and their associates, will not receive any remuneration or benefits in connection with that advice. Directors and employees of Cromwell Property Securities Limited do not receive specific payments of commissions for the authorised services provided under its Australian Financial Services Licence. They do receive salaries and may also be entitled to receive bonuses, depending upon performance. Cromwell Property Securities Limited is a wholly owned subsidiary of Cromwell Corporation Limited. Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333 214 (CFM) is the responsible entity of the managed funds mentioned in this presentation . Before making any investment decision in relation to managed funds it is important that you read the PDS. Each PDS is issued by CFM and, if the fund is open to new investment, is available from www.cromwell.com.au or by calling Cromwell on 1300 276 693. Applications for units can only be made on an application form from a current PDS. Some managed funds are closed to new investments .

This Presentation is for information purposes only. This Presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or to any ‘US person’ (as defined in Regulation S under the US Securities Act of 1933, as amended (“Securities Act”) (“US Person”)). Cromwell Property Group stapled securities h ave not b een, an d w ill not b e, reg stere i d un d er t h e S ecur t es i i Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US Person without being so registered or pursuant to an exemption from registration.

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO US PERSONS OR PERSONS ACTING FOR THE ACCOUNT OR BENEFIT OF US PERSONS.

Cromwell Property Group – 2014 Annual General Meeting

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Directors

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Geoffrey H Levy, AO Chairman

Paul Weightman Executive Director Chief Executive Officer

Daryl Wilson Executive Director

Richard Foster Robert Pullar Non-Executive Non- Executive Director Director

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David Usasz Non-Executive Director

Michelle McKellar Non-Executive Director

Marc Wainer Michael Watters Non- Executive Non- Executive Director Director

Cromwell Property Group – 2014 Annual General Meeting

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Meeting Agenda

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• Open

• Chairman’s Address

• CEO’s Address

• Business

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Cromwell Property Group – 2014 Annual General Meeting

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Chairman's Address Mr Geoffrey H. Levy, AO

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Cromwell Property Group – 2014 Annual General Meeting

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Recycling Capital For Future Growth

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• Sale of 6 assets in FY14 for $253m, plus sale of 321 Exhibition St for $206m post balance date

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• Assets have delivered good returns, but expected future returns were below required hurdle rate

• Cap i ta l r ecyc l ed to co -inv est m e n t in N o r t h po in t T o w e r a n d to r educe gearing with balance retained for future opportunities

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• Internal management model has created additional value over time

	Acquisition Date Sale Proceeds IRR Achieved 321 Exhibition St, VIC September 2010 $205.9m 14.7%
	Homebase Centre, NSW October 2012 $40.5m 14.5% NQX, Distribution Centre, QLD February 2003 $25.0m 11.1% Gillman Woolstore, SA June 2004 $15.6m 11.1% Brooklyn Woolstore,VIC June 2004 $39.1m 9.5%
	380 La Trobe St, VIC December 2005 $113.6m 8.9% Smithfield Industrial Property, NSW October 2012 $19.2m 1.3% Weighted Average 11.9%

Recently Sold: 321 Exhibition Street , VIC

Cromwell Property Group – 2014 Annual General Meeting

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Consistent Execution of Strategy

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Active Asset Management

• Additional capital available through continued recycling of non-core asse s t

• Continued sale of assets which are not expected to meet hurdle rates

• Maintain a disciplined and focused approach to new acquisitions

Funds Management Growth

• Long term target still remains 20% earnings contribution

• Strong appetite for yield with low volatility should continue i n ow grow l th env ronmen i t

• Two new diversified funds add to appeal for larger wealth managers

Effective capital management

• Have taken gearing to lower end of target range, which provides opportunity to take advantage of opportunities

• New hedging profile allows Cromwell to benefit from lower rates with a known maximum base rate

Statutory profit ($'000) Statutory profit (cents per security) Property Investment ($'000) Funds Management External ($'000)	FY13 46,156 3.4 96,510 3,330	FY14 182,471 10.6 138,616 5,491	Change 295% 208% 44% 65%
Funds Management Internal ($'000)	3,086	2,839	(8%)
Development ($'000)	(515)	(225)	56%
Operating profit ($'000)1	102,411	146,721	43%
Operating profit (cents per security)	7 6 .	8 5 .	12%
Distributions ($'000)2	97,448	131,394	35%
Distributions (cents per security)	7.3	7.6	5%
Payout Ratio(%)	95%	90%	(5%)

• 1) See page 37 for further details of operating profit and reconciliation to statutory profit

• 2) FY 13 excludes $4.2m of distributions above pro rata entitlement attributable to equity raisings

Conservative Guidance – based on current gearing and cash reserves

• Focus is on enhancing DPS and creating value

• FY15 operating earnings guidance of at least 8.3cps excluding any changes to portfolio

• FY15 target of 3% distribution growth on FY14

Cromwell Property Group – 2014 Annual General Meeting

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Cromwell’s key points of difference

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Actively manage our portfolio

Gear intelligently through the property cycle

Produce value from our funds management business

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Cromwell Property Group – 2014 Annual General Meeting

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Election of new board members

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Andrew Konig

Mr Konig has more than 20 years of commercial and financial experience, including 10 years as the Group Finance Director at Independent News & Media [South Africa] Limited and R e d e fi ne ropert es m te P i Li i d . e s current y t H i l h e CEO o f R e d e fi ne ropert es m te P i Li i d , involved in regulatory compliance, investor relations, and legal and human resource management. Mr Konig is also an Executive Director of Fountainhead Property Trust Management Limited and numerous other Redefine Group companies.

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Jane Tongs

Ms Tongs has over 20 years of management expertise, serving on the boards of insurance, funds management and other financial services entities. She is currently chairman of the Lend Lease Australian Prime Property Fund Investors Committee and a Director of Australian Energy Marketing Operator Limited, Catholic Church Insurances Ltd and Warakirri Asset Management Ltd. Ms Tongs is also a Fellow of the Institute of Chartered Accountants, CPA Australia and a member of the Institute of Company Directors.

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Cromwell Property Group – 2014 Annual General Meeting

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CEO's Address Mr Paul Weightman

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Cromwell Property Group – 2014 Annual General Meeting

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Operating Earnings Per Security Increased by 12%

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• Statutory profit increased 295% to $182.5m

• Operating profit[1] increased by 43% to a record $146.7m

• Earnings per security increased 12% to 8.5 cps

• Distributions per security increased by 5% to 7.6 cps

• Operating earnings increase derived from a number of factors:

  • Accretion from FY13 acquisitions

  • Increase in like for like income from existing portfolio

  • Reduced interest rates

  • Increase in funds management earnings

• Payout Ratio decreased from 95% to 90%

	FY14 FY13 Change Statutory profit ($'000) 182,471 46,156 295% Statutory profit (cents per security) 10.6 3.4 208% PropertyInvestment($'000) 138,616 96,510 44%
	Funds Management External ($'000) 5,491 3,330 65% Funds Management Internal ($'000) 2,839 3,086 (8%) Development ($'000) (225) (515) 56% Operating profit ($'000)1 146,721 102,411 43%
	Operating profit (cents per security) 8 5 7 6 12% . . Distributions ($'000)2 131,394 97,448 35% Distributions (cents per security) 7.6 7.3 5% Payout Ratio(%) 90% 95% (5%)

Qantas HQ: Internal Break-out Room

• 1) See page 37 for further details of operating profit and reconciliation to statutory profit 2) FY 13 excludes $4.2m of distributions above pro rata entitlement attributable to equity raisings

Cromwell Property Group – 2014 Annual General Meeting

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Portfolio improvement

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 Sale of 7 assets, including 321 Exhibition Street, for $458m

 Capital recycled to co-invest in $278m Northpoint Tower

	Acquisition	Sale	IRR
	Date	Proceeds	Achieved
321 Exhibition St, VIC	Sept 2010	$205.9m	14.7%
Homebase Centre, NSW	Oct 2012	$40.5m	14.5%
NQX,Distribution Centre, QLD	Feb 2003	$25.0m	11.1%
Gillman Woolstore, SA	Jun 2004	$15.6m	11.1%
Brooklyn Woolstore, VIC 380 La Trobe St, VIC Smithfield Industrial Property ,	Jun 2004 Dec 2005	$39.1m $113.6m	9.5% 8.9%
NSW	Oct 2012	$19.2m	1.3%
Weighted Average			11.9%

Property Stats

Address:	100 Miller Street, North Sydney
Sector:	Commercial/Retail
Land area:	5,020 sqm
	Office: 32,542 sqm
NLA:	Retail: 2,603 sqm
	Carparks: 423
Purchase Price:	$278.7 million
Occupancy:	>99%
Initial Yield:	8.7%

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Cromwell Property Group – 2014 Annual General Meeting

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Property Portfolio Remains Robust

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	Tenant Classification1 Geographic Diversification1 Sector Diversification1 1.2% 1.1% 2.4%
	ACT 50.8% 19.4% Government Authority Listed Company/Subsidary Office Retail 2 19.2% 26.3% 7.5% NSW QLD VIC
	29.8% Private Company 98.8% 43.5% TAS SA
	 Very strong tenant profile  Government2contributes 51% of income  Top 5 tenants account for 60% of income Top 5 Tenants1 % of Gross Income Cumulative % Credit Rating3 Federal Government 21% 21% AAA
	 Continued high exposure to office sector  Average ‘like for like’ property income growth of 1.4% for FY14, impacted bybi-annual CPI reviews NSW State Government 15% 36% AAA Qantas 11% 47% AA+ QLD State Government 9% 56% BB+
	 Moved overweight Sydney office in past twelve months AECOM Australia Pty Ltd 4% 60% TOTAL 60%

• Moved overweight Sydney office in past twelve months following acquisition of NSW Portfolio and Northpoint

• 1) By gross income

• 2) Includes Government owned and funded entities

• 3) S&P Ratings as at 15 August 2014

Cromwell Property Group – 2014 Annual General Meeting

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Property Portfolio – Movement In Book Value

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• Portfolio significantly improved through acquisitions since 2010

• I n-source d f ac iliti es managemen mo t d e l d e li vers cons s en i t tl y ow ecyc e capex l lif l

• Average 0.24% of valuation over past 5 years

	FY14 FY13 FY12 FY11 FY10 ($’000) ($’000) ($’000) ($’000) ($’000) Opening Balance 2,396,000 1,724,400 1,444,850 1,064,100 1,117,175 Acquisitions - 661,346 263,422 322,405 - PropertyImprovements 44,484 76,319 50,199 40,403 1,311
	Lifecycle Capex 6,828 6,301 2,614 3,029 2,231 Disposals (250,009) (42,439) (39,329) (33,735) (22,128) Straight Lining of Rental Income 5,648 6,071 6,892 4,883 852 Lease costs and incentives 11,927 29,275 15,810 15,879 2,216 Amortisation of leasin costs (1454) (1484) (1373) (909) (640)
	g , , , Amortisation of leasing incentives (10,180) (8,042) (6,332) (4,864) (4,771) Net gain/(loss) from fair value adjustments 46,226 (55,747) (12,353) 33,659 (32,146) Balance at 30 June 2,249,470 2,396,000 1,724,400 1,444,850 1,064,100 Lifecycle Capex as a % on average assets 0.29% 0.31% 0.16% 0.24% 0.20%

Cromwell Property Group – 2014 Annual General Meeting

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Lease Expiry Profile

• WALE of 5.9 years

• Vacancy 2 . 4% vs . CBD office average of 12 . 2%[3]

• Expiry profile cushioned against current soft conditions

• Average fixed review of 3.1% over 49% of portfolio in FY15

• Average fixed review of 3.5% over 42% of portfolio in FY16

Next review type[4]

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100%
90% 19% 16%
80%
70% 25% 26%
No Review
60%
50% 7% 16% Market 1
40%
CPI
30%
49% Fixed 2
20% 42%
10%
0%
FY15 FY16
1) Includes vacancy and expiring leases
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• 2) Includes CPI reviews with a fixed minimum amount 3) Source: JLL Research 4) Calculated on FY15 passing income, subject to review

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Lease Expiry Profile % Gross Income

45.0%

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40.9%
40.0%
35.0%
30.0%
24.1%
25.0%
20.0%
17 . 2%
15.0%
10.0% 8.3%
7.1%
5.0%
2.4%
0.0%
Vacant FY15 FY16 FY17 FY18 Thereafter
NSW: 27% NSW: 25% NSW: 33% NSW: 8% NSW: 49%
QLD: 71% QLD: 31% QLD: 41% QLD: 24% QLD: 46%
VIC: 0% VIC: 44% VIC: 0% VIC: 16% VIC: 0%
ACT : 2% ACT : 0% ACT : 26% ACT : 52% ACT : 5%
SA: 0% SA: 0% SA: 0% SA: 0% SA: 0
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Cromwell Property Group – 2014 Annual General Meeting

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Capital Management – Transforming Debt Platform

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• Successfully completed the refinancing of 7 debt facilities into 1 new platform

• Common terms

• One security pool over 26 properties, with limited recourse to head trust

• Im p roved p ricin g, avera g e mar g in 1.6%

• Initial step towards corporate credit rating

• Potential to diversify away from bank debt over time

• Managing gearing appropriately is a key capital management initiative

• Gearing reduced before peak of property cycle via valuation increases and asset sales

• Increased gearing at bottom of property valuation cycle through selective acquisitions

• Current deleveraging consistent with previous public statements

CMW Gearing

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60.00% Target Gearing Range
CMW Gearing
50.00%
40.00%
30.00%
Qantas HQ: Reception Lobby
‐06 ‐06 ‐07 ‐07 ‐08 ‐08 ‐09 ‐09 ‐10 ‐10 ‐11 ‐11 ‐12 ‐12 ‐13 ‐13 ‐14
Jun Dec Jun Dec Jun Dec Jun Dec Jun Dec Jun Dec Jun Dec Jun Dec Jun
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Cromwell Property Group – 2014 Annual General Meeting

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Weighted Average Debt Expiry Extended To 3.9 Years

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• Diversified across 8 lenders with varying maturity dates

• No maturities until June 2015

• Weighted average debt expiry of 3.9 years

Debt Expiry Profile[1]

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$600M
$19M
$44M
$500M
Australian Major Banks $50M
$400M $110M
Other Australian Bank
$25M
$300M
International Banks $38M $123M
$95M
$200M
$100M
$77M
$100M
$123M
$90M $95M
$69M
$ M
1H15 2H15 1H16 2H16 1H17 2H17 1H18 2H18 1H19 2H19
Value Expiring N/A $90.5m N/A $69.6m N/A N/A N/A $331.2m N/A $571.2m
% Expiring 0% 8.5% 0% 6.6% 0% 0% 0% 31.2% 0% 53.7%
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1) Includes 50% of Northpoint Debt

Cromwell Property Group – 2014 Annual General Meeting

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Lowering Interest Rates

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• Targeting lower interest rates again in FY15

• Weighted average hedge term of 4.7 years

• Weighted average margin of 1 . 6% on current facilities[1]

• Expect average interest rates on existing debt to be 5.6% in FY15, reduced from 5.9% in FY14[1]

• Extended with long - term cap in August 2014

• High degree of certainty over interest expense until FY19

CMW Hedging Profile[1]

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100.0% 94.1% 94.1% 94.1% 94.1% 94.1% 94.1% 94.1% 94.1%
91.9%
90.0%
78.4%
80 . 0%
70.0%
60.0%
50.0%
40 . 0%
30.0%
20.0%
10.0%
0 . 0%
1H15 2H15 1H16 2H16 1H17 2H17 1H18 2H18 1H19 2H19
Maximum Base Rate [2] 4.22% 3.97% 3.74% 3.77% 3.66% 3.71% 3.57% 3.39% 3.39% 3.39%
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• 1) Includes 50% of Northpoint debt 2) Excludes facility margins, which average 1.6%

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Funds Management – External AUM now $1.3bn[1,2]

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 Property Securities (Phoenix Portfolios)

• Unlisted Property Trusts

• Increase in AUM to over $559m

• Cromwell Property Trust 12 launched in October 2013 and closed over-subscribed in April 2014

• D eman d grow ng rom arge ea er groups or re a i f l d l f t il product due to strong performance and premium ratings

• Cromwell Direct Property Fund launched August 2013 receiving interest and inflows from large dealer groups

• Cromwell Australian Property Fund launched S ep em t b er 2013

External Assets Under Management ($m)[1,2]

• Expansion into New Zealand

• Purchase of 50% stake in Oyster Group in June 2014

• Property AUM of $NZ658m

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1,600
Property Securities
1,400
External Direct Unlisted funds
1,200 merged with
CMW Dec-06
1,000
800
600
400
200
0
Jun‐01 Jun‐02 Jun‐03 Jun‐04 Jun‐05 Jun‐06 Jun‐07 Jun‐08 Jun‐09 Jun‐10 Jun‐11 Jun‐12 Jun‐13 Jun‐14 June 14
Pro 2
1) Includes 45% of Phoenix Portfolios AUM and 50% of Oyster Group AUM F orma
2) Assumes completion of property currently under construction
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Cromwell Property Group – 2014 Annual General Meeting

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Outlook – Continued Focus on CBD Office

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 We still prefer commercial office property

Prime vs. Secondary Office Yields

• Significant demand for property with long leases

• Demand for core CBD expanding to include near city and suburban locations

• Australian office yields still high relative to global peers

• Non Prime office cap rates yet to move

• Spread between prime assets and non prime assets at the greatest in over 10 years

• Anticipate this spread to compress with increasing competition for assets, driving the value of B and secondary grade office properties

• Rents will remain under pressure in the short term

• Not confined to office – occurring across all sectors

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10.00%
9.50% Secondary CBD Office Yields
9.00%
8 . 50%
8.00%
7.50%
7 . 00%
6.50% Prime CBD Office Yields
6.00%
5 . 50%
5.00%
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• Long leases and minimal FY15 expiries provide ‘brid g e’ of consistent cash flows until economic recovery takes hold

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Source: JLL
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• Active management and availability of capital are key to future performance

Cromwell Property Group – 2014 Annual General Meeting

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Consistent Strate Delivers Consistent Out erformance gy p

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Cromwell Performance June 2014

(Annualised Total Securityholder Return)[1]

Direct Property Returns (to 30 June 2014 Annualised)

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35.0% 32.9% 14.0%
30.8%
30.0% 12.0% 11.6%
10.8%
10.3%
24 5%. 24.9% 9.9% Cromwell
25.0% 22.4% Cromwell 10.0% 9.5% 9.5% 9.5% Property
21.8% 9.0%
Property Group Group
20.0% 8.0% IPD
15.2% S&P/ASX 300 A‐ Benchmark
14.3%
15.0% REIT Accumulation 6.0%
11 1%. Index
10.2% Excess
10.0% Outperformance 4.0% Returns
7.2%
5.9%
2.1%
5.0% 2.0%
1.3% 1.3%
0.4%
0 . 0% 0 . 0%
2 2,3
3 Years 5 Years 10 Years 15 Years 3 Years 5 Years 10 Years 15 Years
Source: IRESS Source: IPD
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Forecast FY15 EPS of at least 8.3 cps and DPS of 7.85 cps, representing 3% growth over FY14.

• 1) Includes distributions

• 2) 10 and 15 year CMW return includes period prior to stapling in December 2006

• 3) S&P/ASX 300 A-REIT Accumulation Index is since 31 March 2000

Cromwell Property Group – 2014 Annual General Meeting

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Voting Cards

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Y e ll ow car d Bl ue car d Green card Voting card Non-voting attendee card Visitor card

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Items of Business

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Item 1

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Consideration of the Financial, Directors’ and Auditor’s Reports

– This is not the subject of a formal resolution and no proxies apply

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Item 2

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Remuneration Report “Th a t th e ompany s emunera C ’ R ti on epor R t f or e nanc a year en th fi i l d e d 30 J une 2014 i s a d op e t d . ”

		Number	% of proxies received
	For	631,409,971	85.90
	Open	16,753,170	2.28
	Against	86,874,903	11.82
	Abstain	7,430,621

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Item 3

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Re-election of Mr Geoff Levy as a Director

“Th a t M r eo G ff L evy, w h o re ti res y ro a b t ti on n accor i d ance w ith th e ompany s ons C ’ C tit u ti on an d offers himself for re-election, is re-elected as a Director of the Company.”

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----- Start of picture text -----

% of proxies
Number
received
For 732,160,857 97.42
Open 17 , 097 , 357 2 . 28
Against 2,269,160 0.30
Abstain 8,362,692
----- End of picture text -----

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Item 4

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Election of Ms Jane Tongs as a Director ” Th a t M s ane ongs, w J T h o s e i li g ibl e an d h av ng o i ff ere d h erse lf f or e ec l ti on, s e ec e i l t d as a director of of the Company.”

		Number	% of proxies received
	For	735,490,687	97.58
	Open	17,127,197	2.27
	Against	1,119,192	0.15
	Abstain	6,152,990

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Item 5

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Election of Mr Andrew Konig as a Director

” Th a t M r n A d rew on g, w K i h o s e i li g ibl e an d h av ng o i ff ere d hi mse lf f or e ec l ti on, s e ec e i l t d as a director of the Company.”

		Number	% of proxies received
	For	725,138,526	96.20
	Open	17,471,490	2.32
	Against	11,142,445	1.48
	Abstain	6,137,605

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Questions

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Thank you for your time

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