THORNEY OPPORTUNITIES LTD — AGM Information 2012

Nov 26, 2012

$\overline{1}$

WENTWORTH HOLDINGS LIMITED (WHL) ANNUAL GENERAL MEETING 27 November 2012

• 1. It is now 11 am. I declare this Annual General Meeting of Shareholders open and welcome all shareholders and observers.
• 1. I draw your attention to the attendance register and ask you to please sign it if you haven't already done so.
• 1. No apologies have been received.
• 1. 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, our CFO/Company Secretary, Ron Hollands and the Managing Director and CEO of Australian Renewal Fuels Limited, Andrew White, Also present are our audit partner and manager from Deloitte, Mark Stretton and Jiyoung Park.
• 1. 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 Proxles that have instructed the Chairman to vote on their behalf and have been voted in favour resolutions 1, 2 and 3.

	Detail	For	Against	Abstain	Excluded	Total
Resolutio n 1	Directors' Remuneration Report	14,993,756	3.112,657	48,300	11,659,148	29,813,861
	Total of %	50.29%	10.44%	0.16%	39.11%	100.00%
Resolutio n 2	Re- election of Vaughan Webber	26,801,861	3.012,000	0	o	29,813,861
	Total of %	89.90%	10.10%	0.00%	0.00%	100.00%
Resolutio n 3.	Re-election of Colin Nell Cowden	26,801,861	3.012.000	0	0	29,813,861
	Total of $%$	89.90%	10.10%	0.00%	0.00%	100.00%

7. 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?

$\mathbf{L}$

Will someone move the resolution as put?

Moved: Peter Sharkey Seconded: Hugh Robertson

Would those in favour please ralse your hand?

Against?

$\mathbb{Z}^2$

I declare the motion carried.

8. Resolutions

I will now read Resolution No. 1 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: Hugh Robertson Seconded: Peter Sharkey

Would those in favour please raise your hand?

Against?

I declare the motion carried.

Given Resolution 2 concerns myself, I will ask Mr Colin Cowden to take the role of Chair of the Meeting for this resolution.

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

"That Vaughan Webber, 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: Hugh Robertson Seconded: Peter Sharkey

Would those in favour please raise your hand?

Against?

I declare the motion carried.

Thanks Colin for assuming the role of Chair of the Meeting for that resolution.

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

"That Colin Neil Cowden, 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: Peter Sharkey Seconded: Hugh Robertson

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 11.06 am and thank you for your attendance today.