Investor Presentaiton

Disclaimer No party other than AROA has authorised or caused the issue, lodgement, submission, dispatch or provision of this Presentation, or takes any responsibility for, or makes or purports to make any statements, representations or undertakings in this Presentation. To the maximum extent permitted by law, AROA (including its subsidiaries, related bodies corporate, shareholders, affiliates, advisers and agents): disclaims all responsibility and liability (including, without limitation, any liability arising from fault, negligence or negligent misstatement) for any loss arising from this Presentation or reliance on anything contained in or omitted from it or otherwise arising in connection with this Presentation; disclaims any obligations or undertaking to release any updates or revision to the information in this Presentation to reflect any change in expectations or assumptions; and does not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this Presentation or that this Presentation contains all material information about AROA or which a prospective investor or purchaser may require in evaluating a possible investment in AROA or acquisition of shares in AROA, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement. Joint Lead Manager Parties Neither Bell Potter Securities Limited nor Wilsons Corporate Finance Limited (the Joint Lead Managers), nor any of their respective affiliates, related bodies corporate (as that term is defined in the Corporations Act), nor their respective directors, employees, officers, representatives, agents, partners, consultants and advisers (together the Joint Lead Manager Parties), have authorised, permitted or caused the issue or lodgement, submission, dispatch or provision of this Presentation (or any other materials released by AROA) and, except to the extent expressly referred to in this Presentation, none of them makes or purports to make any statement in this Presentation and there is no statement in this Presentation which is based on any statement by any of them. The Joint Lead Manager Parties take no responsibility for any part of this Presentation or liability (including, without limitation, any liability arising from fault or negligence on the part of any person) for any direct, indirect, consequential or contingent loss or damage whatsoever arising from the use of any part of this Presentation or otherwise arising in connection with it or the Offer. The Joint Lead Manager Parties make no recommendation as to whether a recipient or its related parties should participate in the Offer nor do they make any representations or warranties, express or implied, to any recipient concerning this Offer or any such information, and each recipient represents, warrants and agrees that they have not relied on any statements made by the Joint Lead Manager Parties in relation to the New Shares, this Presentation or the Offer generally. Further, none of the Joint Lead Manager Parties accept any fiduciary obligations to or relationship with any recipient of this Presentation, any investor or potential investor in connection with the Offer or otherwise. The Joint Lead Manager Parties may, from time to time, have interests in the shares or other securities of AROA, including by providing investment banking services to AROA. Further, they may act as market maker or buy or sell those securities or associated derivatives as principal or agent, and may earn brokerage, fees or other benefits from AROA. The Joint Lead Manager will receive fees for acting in their capacity as joint lead managers to the Offer. Acceptance By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation, the recipient acknowledges and agrees to the terms set out in this section of the Presentation titled 'Important Notice & Disclaimer'. TM AROA 4

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