THORNEY OPPORTUNITIES LTD — AGM Information 2011

Nov 28, 2011

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WENTWORTH HOLDINGS LIMITED (WHL) ANNUAL GENERAL MEETING 29 November 2011

1. It is now 10 am. I declare this Annual General Meeting of Shareholders open and welcome all shareholders and observers.

2. I draw your attention to the attendance register and ask you to please sign it if you haven’t already done so.

3. No apologies have been received.

4. I ask all to note that the shareholders’ register is available for inspection and that a summary of proxies affecting today’s resolutions are tabled and also available for inspection.

I advise that a quorum is present.

1. Now the formal matters have been attended to, I will introduce myself. My name is Vaughan Webber and I have the privilege of being your Chairman for this meeting. I would also take the opportunity to introduce my fellow Directors, Colin Cowden, Hugh Robertson, Nigel Sharp and our Executive Director, Charles Tarbey. I would also like to introduce the Company Secretary, Ron Hollands. Also present are our audit partner and manager from Deloitte, Mark Stretton and Jiyoung Park.

2. We will now move onto the business of today’s meeting. Before I put the resolutions formally, I will announce details of the proxies which have been received and recorded. All Open Useable Proxies that have instructed the Chairman to vote on their behalf and have been voted in favour of the resolution.

	Detail	For	Against	Abstain	Excluded	Total
Resolution 1	Final Report and the Report of the Director’s and Auditor	113,485,231	0	75,800	0	113,561,031
	Total of %	99.93%	0%	0.07%	0%	100%
Resolution 2	Directors’ Remuneration Report	90,229,862	34,553	75,800	23,220,816	113,561,031
	Total of %	79.45%	0.03%	0.07%	20.45%	100%
Resolution 3	Re-election of Hugh Walter Robertson	113,518,497	0	42,534	0	113,561,031
	Total of %	99.96%	0%	0.04%	0%	100%

1. Notice of Meeting

The Notice of Meeting containing the motion to put today has been sent to Wentworth Holdings Limited shareholders. Would a Wentworth Holdings Limited shareholder please move that the Notice of Meeting to be taken as read?

Will someone move the resolution as put?

Moved: Hugh Robertson Seconded: Jim Gardiner

Would those in favour please raise your hand?

Against? I declare the motion carried.

8. Resolutions

I will now read Resolution No. 1 which is an Ordinary Resolution :

“That the financial report and the report of the director’s and auditor of the Company presented at the meeting and signed by the chair for the purposes of identification be received and adopted.”

Does any shareholder have a question concerning this resolution?

Will someone move the resolution as put?

Moved: Colin Cowden Seconded: Nigel Sharp

Would those in favour please raise your hand?

Against?

I declare the motion carried.

I will now read Resolution No. 2 which is an Ordinary Resolution :

“That the remuneration report of the Company presented at the meeting and signed by the chair for the purposes of identification be received and adopted.”

Does any shareholder have a question concerning this resolution?

Will someone move the resolution as put?

Moved: Jim Gardiner Seconded: Colin Cowden

Would those in favour please raise your hand?

Against?

I declare the motion carried.

I will now read Resolution No. 3 which is an Ordinary Resolution:

“That Hugh Walter Robertson, who retires by rotation in accordance with rule 6.1(f) of the Company’s constitution and, being eligible, stands for re-election as a director of the Company.”

Does any shareholder have a question concerning this resolution?

Will someone move the resolution as put?

Moved: Nigel Sharp Seconded: Colin Cowden

Would those in favour please raise your hand?

Against?

I declare the motion carried.

I now have the pleasure in declaring that all of the resolutions have been carried. I now officially declare the meeting closed at 10.06 am and thank you for your attendance today.

The formal part of the meeting is concluded.