Investor Presentaiton

FY15 forecast financial results Forecast income statement Period ended Period ended 30 June 2015 $ 30 June 2014 $ Revenue Other income Total income 25,133,672 223,365 25,277,037 13,698,369 29,865 13,728,234 Direct grower costs (19,786,944) (10,734,690) Employee costs (471,757) (396,430) Depreciation and impairment (57,553) (30,037) Repairs and maintenance (2,175,000) (959,879) Management fees (573,785) (317,779) Other expenses (1,220,362) (673,868) Profit/(loss) before tax 1,091,636 615,551 Tax expense (327,151) (125,874) Profit/(loss) after tax 764,484 489,677 Earnings per unit after tax 11.25 cents 7.21 cents Earnings per unit before tax 16.07 cents 9.70 cents Note: • • Business as usual Rural Funds -Management Management Forecast result consistent with PDS forecast dated October 2013 Outsource maintenance function Period ended 30 June 2014 relates to 6 months and 13 days of operation The forecast should be read in conjunction with the sensitivity table in the appendices. Earnings per unit for FY2015 are based on units on issue at 30 June 2014 and may change due to reinvestment of distributions. 11

View entire presentation