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STARRATE AUSTRALIA LIMITED

Secured and Unsecured Notes

Exemption Date – 7 September 2007

ACTUAL INCOME AND ASSET DETAILS TO BE HELD

Asset Value

Effective Date

0%

of the face value of the investment

7 September 2007

Income Value

0%

no actual income is being paid

7 September 2007

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