FIRST AU LIMITED — AGM Information 2013

May 21, 2013

PUBLIC HOLDINGS (AUSTRALIA) LIMITED ABN 65 000 332 918

Annual General Meeting of the Company held at 2 pm on Wednesday 22 May 2013 at

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 2012 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. During the first half of the year, the financial market was encumbered with the continuous European debt problem. However, the financial market rebounded after the announcement of the third round of quantitative easing by the United States. The Company's investments picked up with the market and recorded a realised and revaluation gain of $41,850 and $86,670 respectively for the year. The share portfolio has decreased by $218,607 from $1,245,927 in 2011 to $1,027,320 in 2012. This decrease has primarily been used to fund operations.

The net loss for the year of the Group decreased from $262,955 in 2011 to $228,809 in 2012. Besides the continuous strategy of tight cost control during this volatile market environment, the Directors of the Company 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 2012, and Mr David McBain for looking after the Company Secretarial function.

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