Acquisition Opportunity

1. Acquisition Opportunity • Receivers and Managers are seeking expressions of interest for a large scale, highly productive, mixed farming operation located in the Macintyre Valley region of Southern Queensland, Australia • The opportunity represents an aggregation of six properties totalling 11,935 hectares of freehold land on 19 lots with some of the highest quality pastures and soils in Queensland

2. Acquisition Opportunity • Receivers and Managers are seeking expressions of interest for a large scale, highly productive, mixed farming operation located in the Macintyre Valley region of Southern Queensland, Australia • Situational overview • Receivers and Managers have been appointed over the business and assets of a large scale farming operation consisting of the Farms Undabri and South Giddi Giddi (“the Farms”) • Deloitte Corporate Finance is acting on behalf of the Receivers and Managers to identify an acquirer for the Farms • Farm overview • The Farms are an aggregation of six properties totalling 11,935 hectares (ha) of freehold land on 19 lots with some of the highest quality pastures and soils in Queensland • The operation grows wheat in addition to offering an extensive dryland cropping program based around a rotation of winter cereal crops and legumes • The Farms include numerous dwellings providing a high level of accommodation for farm staff and visitors • Location • The Farms are located 30km north of Goondiwindi, 250km from Brisbane, Queensland. • Goondiwindi has good road and rail infrastructure in addition to cotton gins, bulk grain handling facilities and livestock selling centres Queensland Brisbane Goondiwindi IMPORTANT NOTICE This document has been prepared to provide selected parties with a preliminary understanding of and to assist each recipient (“Recipient”) in making its own independent evaluation of the opportunity before deciding whether to pursue a potential investment. This document does not purport to be complete or contain all of the information that a prospective investor may require. While all reasonable efforts have been made to ensure the information contained in this document is accurate and correct at the date of its issue, no responsibility for any errors in, or omissions from, this document, whether arising out of negligence or otherwise, is accepted by the Vendors or Deloitte Touche Tohmatsu or Deloitte Corporate Finance Pty Limited (together “Deloitte”). This document is not a recommendation or an offer by the Vendors, Deloitte or any other person to sell the Farms. All enquiries in connection with the disposal process should be directed to Deloitte. All contact between the Farms and prospective investors will be arranged by Deloitte. Under no circumstances may prospective investors contact the management, staff or shareholders of the Farms directly. All figures referred to in this document are approximate only.

3. Acquisition Opportunity • Receivers and Managers are seeking expressions of interest for a large scale, highly productive, mixed farming operation located in the Macintyre Valley region of Southern Queensland, Australia • Water storage and efficiencies • Upgrades to the existing water storage facilities to provide for an additional 2,000 ML would allow a further 266ha to be planted in a season • This may also provide for the conversion of c.400 ha of dry land to irrigated land and a more comprehensive crop rotation strategy • Conversion of part of the Farm’s flood irrigation area to lateral irrigators may achieve further water efficiencies of 1,200ML in a season • Next Steps • An Information Memorandum will be available to parties interested in the opportunity, following the signing of a Confidentiality Agreement • If you would like to receive a copy of the Information Memorandum, please contact one of the Elders or Deloitte representatives below: Key statistics Crops and livestock • Cotton - the cotton enterprise has previously been grown on c.1,935 ha of irrigation area with further land available to develop • Dryland - the dryland cultivation farming area has increased over the years of development to 2,428 ha and has large areas available for growing cotton, sorghum, barley and chickpeas • Livestock - Grazing country is c.6,414ha with purpose built cattle sheds having recently been constructed Ben Wilson Director Deloitte Corporate Finance +61 (0) 7 3308 7304 bwilson@deloitte.com.au Tom Middleton Analyst Deloitte Corporate Finance +61 (0) 2 9322 5789 tmiddleton@deloitte.com.au John Burke Rural Sales Executive Elders Rural Services +61 (0) 7 3804 5503 john.burke@elders.com.au Clayton Smith Rural Property Agent Elders Rural Services +61 (0) 428 878 523 clayton.smith@elders.com.au IMPORTANT NOTICE This document has been prepared to provide selected parties with a preliminary understanding of and to assist each recipient (“Recipient”) in making its own independent evaluation of the opportunity before deciding whether to pursue a potential investment. This document does not purport to be complete or contain all of the information that a prospective investor may require. While all reasonable efforts have been made to ensure the information contained in this document is accurate and correct at the date of its issue, no responsibility for any errors in, or omissions from, this document, whether arising out of negligence or otherwise, is accepted by the Vendors or Deloitte Touche Tohmatsu or Deloitte Corporate Finance Pty Limited (together “Deloitte”). This document is not a recommendation or an offer by the Vendors, Deloitte or any other person to sell the Farms. All enquiries in connection with the disposal process should be directed to Deloitte. All contact between the Farms and prospective investors will be arranged by Deloitte. Under no circumstances may prospective investors contact the management, staff or shareholders of the Farms directly. All figures referred to in this document are approximate only.