GOWING BROS LIMITED — AGM Information 2002

Nov 6, 2002

7.NOV.2002 $8:44$ GOWINGS

NO.565 $P.1/16$

GOWING BROS

GOWING BROS, LIMITED EST, 1868 ACN 000 010 471 LEVEL 8 GOWINGS BUILDING 45 MARKET STREET SYDNEY NEW SOUTH WALES 2000

TEL 61 2 9264 6321 FAX 61 2 9264 6240 www.gowingbros.com

Facsimile Transmission

TO: ATTENTION: FAX: FROM: DATE: PAGES (incl. this one): ASX (Listings) Pam Ross 1300 300 021 Stephen Byers 7 November, 2002 16

Gowing Bros. Ltd - 2002 AGM Post Meeting Presentation

Please find following content of a presentation to be made today after completion of the formal business and close of the Annual General Meeting.

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The property of the control Ĭ The Second Contract of Second Contract Contract of Second Contract Contract Only 10 milia inanya dae eens ĵ an ang magalalang sa sa bagay sa sa sa sa sa sa sa sa sa sa sa sa sa ANNUAL GENERAL MEETING 2002 POST-MEETING PRESENTATION ETAST QUARTER UPDATE ęę termine products team n Sanad ă i Contract of the Second Second in the second control of the second control of the second control of the second control of the second control of the second control of the second control of the second control of the second control of the second control of 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1 The Second Contract Contract	TO NORTON 57, LEICHHARDT PROPERTY PORTFOLIO at market value 45 MARKET STREET	\$4,330.039 Sciftsam I.500em Value (50% share) Nat Lettable Area Aren. 547.000,000 Ristro 6,280scm Not Lettable Area sire Area Value's	5340.000 100% Reatal per enama Occupanty Rare $96\frac{a}{2}$ 54,050,080 Rental per ennum Occupancy Rare	SIER 099 LAGREL ROAD INGLESIDE Value \$2,600,000 SURAWANG REDGE MONA AIR Valle-	$\frac{1}{8}$ TOTAL PROPERTY PORTHIO 360,111,000 GIT.SOG.CEO \$42,300,000 Total Valley Less debt Value 57399,000 Value (50% share) WATERIOO IV
Í complete the complete contract of manifesta de la contene i THE REPORT OF STREET	Estimated Retura	recovered Cost	32.6m	S1.6m	Marker Rent

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	Estimated Retura	recovered Cost	52.6m	51.6m	Marker Rent
NUAL CENEFAL MEETING 2002 POST-MEETING PRESENTATION FRS3 CUARTER UPDATE FRS3 CUARTER UPDATE	Startis	Complete	Complete	Legals Pending: Agreement Reached	Agreement in Principie
ANVUAL GENERAL MEETING 2002 48 The Secretary of the Secretary of the Secretary of the Secretary of the Secretary of the Secretary of the Secretary of the Secretary of the Secretary of the Secretary of the Secretary of the Secretary of the Secretary of ting 1988 - Paris Paris 1988 - Paris Paris Manyor : : : ŧ 计连续程序进行 í		Bayswiss sale to Freedom	Gowings land swap with Pittivater Council	Sale of Gowings interest with DA in Waterloo IV	- Lease of 11 th floor, Market St The company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company

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Crescent Capital Fund Cesem Capital May Berswiss Pri List Other Balance NIE EEN FOTAL CASH Value.	HRO ar marker value POST-MEETING PRESENTATION ER UPDATE ANNUAL GENERA FIRST QUART POKIF 34.003.600 \$4.5533,090 52,875,400 51,713.880 34.778440 51,304,150 539,573,752 52.777.398 PLATIS 549.700.000 45.749.19 \$1,543,299 . Natara 19 LARGEST EQUITY HOLDINGS INFESTMENT Windows Street	ANNUAL GENERAL MEETING 2002 POST-MEETING PRESENTATION EIRST QUARTER UPDATE E color Example 1999 The Property of the Second ====================================== n in de la composición de la composición de la composición de la composición de la composición de la composició En la composición de la composición de la composición de la composición de la composición de la composición de	e Br	Simple Market Value per Share Calculation: 54.110.000	Shares on issue at $31/702 = 44,698,478$ 535000 5710.000	Marker value of property + total value of \$2,500,000 9580900	$m$ estments = \$3,350,000	$$42.3m + $71m = $113.3m$	Market value per share = \$113.3m/44,698,478	$= $2.535$ 371,000.000
		L MEETING 2002		PRIVING A BLOOD Y INVENTIVE						FOTAL INVESTMENT PORTFLIO

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