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GIPPSREAL LIMITED - FIRST MORTGAGE MANAGERS

Advance to Potter secured against property at Cooktown QLD

Exemption Date – 27 August 2008

ACTUAL INCOME AND ASSET DETAILS TO BE HELD

Asset Value

Effective Date

100%

of the face value of the investment

27 August 2008

Income Value

0%

no actual income is being paid

27 August 2008

Note: Not a Ministerial Exemption. This is no longer classed as a financial asset as the mortgagee is in possession of the property.  See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.

Advance to Lafko - secured against property at Hope Island QLD

Exemption Date – 27 February 2009

ACTUAL INCOME AND ASSET DETAILS TO BE HELD

Asset Value

Effective Date

100%

of the face value of the investment

27 February 2009

Income Value

0%

no actual income is being paid

27 February 2009

Note: Not a Ministerial Exemption. This is no longer classed as a financial asset as the mortgagee is in possession of the property.  See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.

Advance to Wayne and Lairise Danckert - secured against property at Lot 32 Arizona Road, Charmhaven, NSW

Exemption Date – 27 July 2008

ACTUAL INCOME AND ASSET DETAILS TO BE HELD

Asset Value

Effective Date

100%

of the face value of the investment

27 July 2008

Income Value

0%

no actual income is being paid

27 July 2008

Note: Not a Ministerial Exemption. This is no longer classed as a financial asset as the mortgagee is in possession of the property.  See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.

Advance to Strategic Projects Pty Ltd - secured against property at Lot 40, 41, 1 & c Gowing and Valley Streets, Bega, NSW

Exemption Date – 27 September 2008

ACTUAL INCOME AND ASSET DETAILS TO BE HELD

Asset Value

Effective Date

100%

of the face value of the investment

27 September 2008

Income Value

0%

no actual income is being paid

27 September 2008

Note: Not a Ministerial Exemption. This is no longer classed as a financial asset as the mortgagee is in possession of the property.  See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.