24 October 2008
Dear Shareholder

Please find enclosed your Notice of Meeting for the Annual General Meeting to be held at The Grand Ballroom, Brisbane Marriott Hotel at 515 Queen Street, Brisbane on Thursday 27 November 2008 at 3:00pm.

The Directors consider that the transactions presented for Shareholder approval are in the best interests of Shareholders. Accordingly, all of the Directors entitled to make a recommendation in respect of a particular resolution recommend that you vote in favour of that resolution. The Explanatory Memorandum contains important information about the resolution. Please ensure that you have read it carefully before deciding how to vote on the resolutions.

If you are unable to attend the Annual General Meeting, you are encouraged to complete the enclosed proxy form. The proxy form should be completed and returned in accordance with the instructions on the enclosed proxy form so that it is received by 3:00pm on Tuesday 25 November 2008.

I look forward to your attendance at the Annual General Meeting.
Yours sincerely
Craig Ricato
Company Secretary