Collapsed Company Board 'Ignored Conflict of Interest'

Unit holders may wish to note the attached articles from the Australian Financial Review and The Age dated 18 October 2012.

The articles refer to Public Examinations, currently being conducted in the Supreme Court of Victoria, of various parties involved in Prime Trust, including Dr Michael Wooldridge and other directors as well as some of the Trust's legal and other advisers.

We understand that further Public Examinations will be conducted on 19 October 2012 and potentially 30 October 2012, and will communicate further with unit holders once these examinations are complete.


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