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PALANDRI GROUP OF COMPANIES

Investments made with any company or entity in the Palandri Group of Companies as specified in Table 1 below

Exemption Date – refer to Table 1 below

ACTUAL INCOME AND ASSET DETAILS TO BE HELD

Asset Value

Effective Date

0%

of the face value of the investment

refer to Table 1 below

Income Value

0%

no actual income is being paid

refer to Table 1 below

Note: Not a Ministerial Exemption.  These investments are no longer classed as financial assets as this Group of Companies is in the process of irreversible wind up. See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.

TABLE 1:  Palandri Group of Companies means those companies and entities listed below.

Name

Effective Date

Palandri Finance Limited (PFL)

15 February 2008

Palandri Limited

26 February 2008

Palandri Investment Management Limited (PIML)

26 February 2008

Palandri Wines Limited (PWL)

26 February 2008

Palandri Wine Production Limited (PWPL)

26 February 2008

Margaret River Wine Investments Pty Ltd (MRWIPL)

27 February 2008

The effective date is the date that the Administrator was appointed to the above companies and entities