FIRST AU LIMITED — AGM Information 2012

May 28, 2012

PUBLIC HOLDINGS (AUSTRALIA) LIMITED ABN 65 000 332 918

Annual General Meeting of the Company held at 2 pm on Tuesday 29 May 2012

RACV, Level 2, 501 Bourke Street, Melbourne

Chairman’s Address

The first item on the agenda of the meeting is to receive and consider the 2011 Annual Financial Report, Directors' Report and Auditors' Report. Although no resolution or vote is required on this matter, shareholders are to be given the opportunity to raise questions and comments on the reports.

To assist in dealing with this item this afternoon, I’d like to present my report to shareholders on behalf of the Board. I’ll then open the meeting for general discussions before dealing with the other agenda items.

The Company continues to invest in interest-bearing deposits and listed securities in 2011. During the year, the Australian All Ordinary Index dropped from 4,847 to 4,111. The Directors have taken a conservative approach in securities investment. The market value of the share portfolio has slightly decreased from $1,252,906 to $1,245,927. The realised profit from securities investment has decreased from $219,242 for the year of 2010 to $6,823 for the year of 2011.

The net loss for the year of the Group decreased from $447,065 in 2010 to $262,955 in 2011. Besides the continuous strategy of tight cost control during this unforeseeable market environment, the Directors will continue to seek other opportunities that will enhance the value of its assets.

Before I conclude, I would like to thank Mr David Chu and his staff at ShineWing Hall Chadwick for their assistance in the completion of the Financial Statements for the year ended 31 December 2011, and Mr David McBain for looking after the Company Secretarial function.