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FIRST AU LIMITED AGM Information 2016

May 22, 2016

64900_rns_2016-05-22_2be07d1f-2c35-4c65-ac9f-f977d6ecb75f.pdf

AGM Information

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PUBLIC HOLDINGS (AUSTRALIA) LIMITED

A.C.N. 000 332 918

23 May 2016

ASX Market Announcements ASX Limited

GENERAL MEETING OF PUBLIC HOLDINGS (AUSTRALIA) LIMITED Held on 23 May 2016 at 11AM at the offices of McBain McCartin & Co, Level 1, 123 Whitehorse Road, Balwyn VIC 3103.

CHAIRMAN’S ADDRESS By Mr Bryan Frost: Managing Director and Chairman

It is with pleasure that I welcome you today to the Annual General Meeting of Public Holdings.

Since the last AGM of the Company, the Board has assessed a number of opportunities for the acquisition of new businesses. One of these opportunities was Your Dash however the Board withdrew during the Due Diligence process.

There are several business proposals that are currently before the Board for review. Should one of these proposals be in the interests of the Company and Shareholders, the Board will sign a terms sheet with the other party and then undertake a Due Diligence Review.

The Board will continue to assess opportunities for the acquisition of new businesses and recognises that the implementation of any such transaction will involve costs. If the company were to pursue a transaction for the acquisition of a new business it is likely that the company would seek to raise additional capital to cover the costs associated with its implementation. The company has the capacity under Listing Rule 7.1 (15% placement rule) to issue up to 15% of its issued capital without shareholder approval. Subject to shareholder approval at the today’s annual general meeting, the company would also have the capacity under ASX Listing Rule 7.1A to issue up to a further 10% of its issued capital (i.e. a total placement capacity of 25% of its issued capital) without shareholder approval. The Board considers that ASX Listing Rule 7.1 (and, if approved, ASX Listing Rule 7.1A) give the Company the capacity to raise capital sufficient to fund the costs associated with implementation of any transaction for the acquisition of a new business.