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Investor Presentaiton

Historical information, Forecasts and Projections Any information about historical performance in this presentation is not and should not be considered a reliable indication of the likely future performance of the Company. This presentation contains estimates, forecasts or projections or other forward-looking statements ("Projections"). The Company makes no representation or warranty about the validity, certainty, completeness or reliability of any Projection or assumptions underlying a Projection or that any Projection will be achieved or that any assumptions are valid. Projections are necessarily based on estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, many of which are beyond the Company's control and many of which are subject to change. The assumptions may also involve subjective judgements which may not prove to be correct or appropriate. Accordingly, actual results are likely to be different from those forecast or projected because events and circumstances frequently do not occur as expected, and those differences may be material. Any forward- looking statements reflect the Company's views and assumptions as of the date of this Presentation and the Company disclaims any obligation to update forward-looking information. The Company accepts no duty of care or liability to anyone who relies on a Projection. Additional information regarding the Company is available at www.tal.com.au 19 TAL Presentation TAL
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