Invest with confidence in theAustralian Beef Industry

A SOLID BASE FROM WHICH TO GROW

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“Platform Agribusiness has the expertise, experience and integrity to provide a successful partnership”

Hon. Mark Vaile AO (Chairman)

CONTACTTo discuss the Australian beef industry and Platform's services, please contact:

Rory WhitefieldManaging Director, Platform Agribusiness Pty Limited

ACN 610 329 818

Level 287 Wickham TerraceSpring Hill QLD 4000

m – +61 429 844 484e – rwhitefield@platformagribusiness.com.auw – www.platformagribusiness.com.au

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“The red meat revolution has begun, driven by rising incomes in developing countries.”

Industry MegatrendsA red meat protein revolution is occurring, driven by rising incomes in developing countries. Food security and food safety are increasingly global concerns. This is coupled with increasing global food consumption as the world’s population continues to grow.

These trends, along with Australia’s proximity to Asia and our stringent food safety and quality assurance regulations, position Australia as a leading country in which to invest in beef industry assets.

The Australian beef industry is evolving, with costs and other pressures, traditional family farms are becoming less sustainable as standalone operations.

Corporate agriculture, with access to the capital necessary to develop and aggregate properties, is becoming more prevalent. This reflects the adage 'scale is your friend'.

A clear strategy is necessary to acquire good beef industry assets. This is to minimise risks which can impact a beef industry asset such as water insufficiency, pastures and environment, climate, lack of infrastructure, high transport costs, proximity and access to markets. Platform Agribusiness finds beef industry assets with a sound risk profile to minimise these risks and to suit the investor’s strategy.

Platform AgribusinessChaired by former Deputy Prime Minister ofAustralia, The Hon. Mark Vaile AO, PlatformAgribusiness has a mandate to select high quality beef assets to fit a secure and long term strategy for investors.

A subsidiary, Platform Beef Managementmanages these assets with a clear focus onsustainability and maximising productivity and long term return on investment.

Our aim is to manage cattle properties as cost effectively as possible. Our focus is on being a low cost efficient producer so that our beef is always of the quality and in sufficient quantity to meet the investor’s strategy.

Platform Agribusiness:

• works with investors to develop an investment strategy;

• selects high quality beef assets to implement a secure and long term strategy for investors; and

• manages these assets for investors.

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Acquiring AssetsAlthough Australia is renowned for its range of attractive agricultural opportunities, it can be difficult to access good quality cattle properties, feedlots and other assets. Many are for sale off-market.

Platform Agribusiness is always respectful of the owner’s position when seeking to acquire an asset. By taking a flexible approach and assisting an owner to become ‘investor ready’, Platform can secure opportunities that are otherwise not public.

‘‘As a leading producer of quality red meat, Australia offers excellent investment opportunities to take advantage of the growing global red meat demand.”

Current ProjectsSome of our current projects include:

• A vertically integrated beef supply chain called Capella Beef. Capella Beef is an aggregation of strategically selected cattle properties to support a breeding herd backgrounding and fattening both on grass and in feedlot. Annual turnoff is approximately 65,000 head. This is an investment opportunity in the range AU$330 million;

• A high quality feedlot with cropping and pastures together with a Wagyu breeding herd. This is an investment opportunity. Details remain confidential. This is an investment in the range AU$30 million;

• Working with Chinese cattle producers, abattoirs and beef off takers to develop suitable ways to supply both Australian beef and live cattle to China; and

• Working with some of Australia’s leading ruminant nutritionists to develop a form of consistent dietary fibre for ruminants.

PartneringPlatform Agribusiness is interested in partnering with investors to secure and manage suitable beef industry assets on a long term basis. Whether financial investors or offtakers, we see a key to a successful investment lies in excellent management. We manage in an open and transparent manner to the highest standards of governance.

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RemunerationPlatform Agribusiness seeks a management fee that aligns Platform's performance with value creation for the investor. Platform Agribusiness is flexible in this approach and is open to discussing remuneration options commensurate with the investment.

Typically Platform will seek a base fee, an incentive fee and an equity fee. The incentive fee is based on profitability achieved above an agreed base level. This aligns Platform with the Owner. The equity fee is measured on a long term basis after a stabilised valuation of the business can be fairly made. Platform's fee is based on incremental value increase - again in alignment with value creation for the Owner.

Platform Beef ManagementSecuring a reliable management team with high levels of integrity and governance is one of the greatest impediments to investing in Australian agriculture.Platform Beef Management was founded to provide a management solution for investors.

As a specialist beef asset manager, the Platform team provides unrivalled practical and senior management experience.

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TeamPlatform Agribusiness’ team comprises a unique blend of corporate, business and beef industry expertise, underpinned by years of practical hands-on experience. Our team has worked in agribusiness, particularly the beef industry, across Australia and overseas. We have the ability to represent investors at each stage of the investment process from developing a strategy then sourcing the assets through to management of those assets.

Hon. Mark Vaile AO - Chairman

Mark is the former Deputy Prime Minister of Australia and leader of the National Party.Mark continues to own and actively manage cattle properties. He served as one of Australia’s longest serving Trade Ministers, leading negotiations which resulted in many Free Trade Agreements now being signed. Mark is a member of the Sino Australia Business Leaders Forum and sits on the Board of several ASX listed entities.

Philip Christensen - Executive Director

Philip worked as a corporate partner in leading Australian law firms (in Australia and Asia) for over 30 years before joining Platform Agribusiness. He has served on the Boards of ASX listed Whitehaven Coal Ltd and Aston Resources Ltd. Philip has been intimately involved in many significant transactions for multinational companies and has done a great deal of high profile corporate work. In particular Philip brings strong governance discipline and corporate experience to the Platform group.

Rory Whitefield - Managing Director

Rory is a cattleman through and through. On leaving school, Rory worked on cattle stations to experience the cattle industry at its core. He worked on cattle stations and in feedlots for 10 years including as head stockman on the iconic Brunette Downs and South Galway stations. Rory also worked as a corporate lawyer in one of Australia’s leading law firms for many years maintaining a focus on agribusiness, the resources sector and corporate transactions generally.

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Geoff Wagstaff - Land and Operations

Geoff has been involved in Australia’s pastoral industry for over 40 years. These roles include as manager of the iconic Brunette Downs station, through to agribusiness executive roles and consultancy work. Geoff’s specialty is overseeing the development and management of large-scale cattle properties. This includes fine tuning herd dynamics to maximise the volume and quality of beef produced through better genetics and property pasture, water and infrastructure improvements. Geoff is well known and respected in the beef industry.

Richard Lane – Feedlotting

Richard has been involved in pastoral management and feedlotting for most of his career including management roles in Australia, North America and Indonesia. Richard has owned a feedlot and continues to operate his own successful cattle property.Richard is a cattle backgrounding and feedlot expert. He understands the requirements to fatten cattle in the most efficient manner. Richard brings significant expertise in optimising grain mill utilisation and intensive grass feeding.

Rebecca Arnott - Marketing and Business Development

Rebecca has spent the majority of her career in the beef industry. She has had key roles including Brand Manager for Australian Agricultural Company, CEO of a beef co-op and Beef Cattle Extension Officer for NSW Department of Primary Industries. Rebecca ran her own agribusiness marketing and advisory company for several years before joining Platform Agribusiness. Rebecca is a graduate of the Australian Rural Leadership Program and was 2004 NSW Rural Woman of the Year.

Other People We Work With

Platform Agribusiness has a broad network of experts with whom we work closely, including:

• Agribusiness professionals and consultants such as veterinary scientists, nutritionists, agronomists, environmentalists, beef marketing specialists and rural contractors; and

• Investment bankers and financiers, accountants and lawyers.