1 July To whom it may concern

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1 Colonial First State Investments Limited ABN AFS Licence Level Martin Place Sydney GPO Box 3956 Sydney NSW 2001 Telephone Facsimile colonialfirststate.com.au Investor Services July 2007 To whom it may concern Colonial First State FirstChoice Personal Super, Colonial First State FirstChoice Employer Super and Colonial First State FirstChoice Wholesale Personal Super are part of the Colonial First State FirstChoice Superannuation Trust ( the Fund ). The Fund is a complying, resident, regulated superannuation fund and is constituted under a trust deed dated 29 April The Colonial First State Rollover & Superannuation Fund is a complying, resident, regulated superannuation fund and is constituted under a trust deed dated 2 March The trustee of both funds is Colonial First State Investments Limited ( the trustee ). In the event that either funds complying status was revoked the trustee would receive notice to that effect under section 63 of the Superannuation Industry (Supervision) Act. The trustee confirms that it has not received nor does it expect to receive any such notice. Yours faithfully Nigel McCammon General Manager, Client Services For and on behalf of the trustee, Colonial First State Investments Limited Please note: This letter can be given to the fund you are transferring from to confirm that the fund is a complying superannuation fund. Colonial First State FirstChoice Personal Super: ABN (SPIN FSF0217AU) Colonial First State FirstChoice Wholesale Personal Super: ABN (SPIN FSF0511AU) Colonial First State FirstChoice Employer Super: ABN (SPIN FSF0361AU) Colonial First State Rollover & Superannuation Fund: ABN (SPIN FSF0172AU) Superannuation Fund Numbers (SFNs) are no longer used. The ABN and SPIN can be used for purposes of identifying the fund for rollovers or other purposes.

2 SuperChoice Fund nomination form This form can be used instead of completing Part B of the Choice of superannuation fund - Standard choice form which you may have received from your employer. Some employees may not be able to choose their own superannuation fund. Please speak to your employer or visit for more information. Please note: At least one of your employer's must be a registered participating employer with FirstChoice Employer Super. 1. Chosen fund details Fund Name Colonial First State FirstChoice Employer Super Membership Number Account Name Fund Australian Business Number (ABN) Super Product Identification Number (SPIN) FSF0361AU Fund Contact contactus@colonialfirststate.com.au 2. Chosen fund payment methods Your employer can choose one of the following payment methods to pay super contributions to Colonial First State on your behalf. Super guarantee Spouse contributions Personal contributions Biller code: Ref: 1 + your account number Biller code: Ref: 1 + your account number Biller code: Ref: 1 + your account number OR BSB Account number Account name This is the last nine digits of your account number Your full name first name(s) followed by surname eg. Julia Annette Smith EFT reference SG Superannuation Guarantee (for compulsory 9%) EA Employer Additional (over and above 9% SG) SS Salary Sacrifice (from employee s salary before tax) Note: if you don t enter one of the contribution codes in the EFT reference or description field, then the SG contribution code will be used, which attracts a 15% tax. Only one contribution can be used per direct credit payment. 3. I request that all future employer contributions are to be made to the fund specified above in section 1. Employer name: Employee name: Employer No.: Date / / Signature W Give this form to your employer Do not send this form to Colonial First State Day Month Year Day Month Year EMPLOYER USE ONLY: Date accepted: / / Date processed: / / If you or your employer have any questions you can visit our Super Choice Centre at colonialfirststate.com.au or contact Colonial First State on /FS2206/0307 Colonial First State Investments Limited ABN , AFS Licence is the issuer of the FirstChoice Superannuation products. Product Disclosure Statements (PDS) for these products are available from your adviser or by phoning us on This form provides general information only and is not financial product advice. It does not take into account your individual objectives, financial situation or needs. Investors should read the PDS, and should consider talking to their financial adviser, before deciding to acquire or to continue to hold units in one of the FirstChoice Superannuation products.

3 Bpay users 1 Log into online internet banking, eg 2 Select the Bpay option and provide the relevant information where required. The tables below contain the relevant biller codes for the different types of FirstChoice superannuation and investment contributions. Superannuation Product Contribution type Biller code FirstChoice Employer Personal Super Personal Spouse Salary sacrifice Personal deductible FirstChoice Employer Wholesale Super Personal Spouse Salary sacrifice Personal deductible Corporate Superannuation Product Contribution type Biller code FirstChoice Employer Employer Super Personal Spouse Salary sacrifice Investments Product Biller code FirstChoice Investments Variable rate loan Fixed rate loan FirstChoice Wholesale Investments Variable rate loan Fixed rate loan Enter the customer reference number (CRN). This is the digit 1 followed by your account number. eg if your account number is , the customer reference number for Bpay would be This ensures that the money is allocated to your investment. 4 Enter the amount to contribute to your account.

4 EFT Direct Credit users 1 Log into your online internet banking application, eg 2 Select the EFT Direct Credit facility, eg transfer money. 3 Enter the following details into their respective fields. W BSB number: This is the six digit number identifying the bank and branch location. W Account number Enter the last nine digits of your account number. W Enter the amount you wish to transact upon. W For superannuation clients only, enter the type of super contribution in the description or reference field. For the transaction to be valid, the contribution code must be entered as the first two characters in the field as outlined below. If the contribution code is unclear or invalid the contribution will automatically default to a Super Guarantee contribution. Contribution code SG EA SS SP MV MD Contribution name Super guarantee Employer additional Salary sacrifice Spouse Member personal Member personal (where a tax deduction is to be claimed)

5 Colonial First State Choice of Fund Choice of Fund a checklist for employees Eight years after its initial proposal, Choice has now become a reality. This leaflet details the nuts and bolts of Choice, and describes the key features of Colonial First State s FirstChoice Employer Super product. The key facts about Choice What is it and when did it start? The Choice of Fund legislation took effect on 1 July By 29 July 2005, every current employee who is eligible will have to be offered a choice of super fund by their employer. Employees will also be given an opportunity to choose a new fund at least once a year. Any complying superannuation fund or retirement savings account can be chosen by an employee this is an unlimited Choice regime. The fund could include an in-house corporate fund, a corporate master trust, a retail personal fund, an industry fund, a superannuation wrap or master trust, or a self managed super fund. The only requirement is that it must be willing to accept contributions from your employer. Who is affected? Not all employees must be given a choice. The new legislation specifically excludes employees covered by a State Award, Workplace Agreement or Certified Agreement that specifies a particular super fund. Also, most government employees and members of defined benefit funds are currently excluded. Nevertheless, it is estimated that approximately 4.8 million working Australians (approximately 50%) will be able to choose their own super fund. What is included? The Choice legislation specifically applies to employer contributions this is the 9% of an employee s salary that is paid into superannuation each month. It does not cover employer voluntary contributions, salary sacrifice super or even member voluntary contributions. However, it is likely that employers would want an employee s contributions all going into the one fund and would therefore be happy to extend Choice to all contribution types. Existing superannuation balances are not part of the Choice legislation, but to avoid complexity, the government has also passed legislation that makes it compulsory for all funds to allow transfers of existing superannuation balances. How do you exercise choice? There are two ways for an employee to exercise choice: 1. Complete the Standard choice form that is provided to you by your employer and hand it back to your employer. 2. Request a Super Choice Fund Nomination form from the super fund that you have selected. This will need to be completed and handed back to your employer. What happens if you don t make a choice? If you don t make a choice or choose a fund that the employer cannot contribute to, then the employer can make contributions to a default fund. The default fund is generally one that is selected by the employer (although it may be specified in some Federal Awards). The default fund must also comply with the minimum requirements for Death Cover to its members.

6 Colonial First State How can you compare funds? In order to help you make an informed decision about whether to stay in your existing fund (FirstChoice Employer Super) or move to a new fund, we have developed a checklist (see over). This checklist details each of the key product features and services that you need to consider they are broken into five groups: company factors, fees, investments, insurance and service. Company factors How secure is the company providing the super plan? Is it provided by an organisation that has sufficient financial and technological resources to cope with the constant changes and innovations that are part of the super environment? What are its cash reserves? How long has it been trading? Who owns it? Has it been independently assessed? Fees Fees are probably the most talked about aspect of superannuation. However, figuring out exactly what they are is no easy task. Entry, exit and switching fees are fairly straightforward, but annual fees can be very confusing. Just about everybody charges a member or investor fee. This is usually around $60 pa. If it is substantially higher than this, it may make a large difference to an employee s returns if they have a relatively low balance. Colonial First State s philosophy is to charge one transparent fee that includes administration and management. Other funds charge separate fees, and some do not disclose management fees at all (although recent and planned legislation should change this). Once all the fees are known in percentage terms, employees may wish to calculate what the actual difference is in dollar terms (remember to add in the member fee). Funds that have a reputation for low fees are not necessarily all that cheap at the end of the day, especially when insurance costs are added in. Investments Most funds provide multi-manager options, but few offer access to large well known brands as well as smaller, independently owned specialists. Does the fund provide you enough choice? Who is managing your money? Does this person or team have a track record? Does the super plan allow you to choose from a truly comprehensive range? How a super fund is likely to perform is obviously one of the most crucial aspects of the decision-making process. Some super funds are master funds providing access to a range of well known funds. It is possible that the options employees are interested in are represented on several different master funds so performance is less of an issue. However, if employees intend choosing a multimanager option, working out the performance is more difficult. Some multi-manager options are relatively new so track records are not established. Also, it is unreliable to look at the last couple of years as a guide. From 2000 to early 2003 investment markets performed poorly, and under those conditions it was difficult for a manager to do well. Insurance Insurance is often overlooked when comparing super funds. Most funds offer insurance, and one policy seems pretty much the same as another. In some respects this is true, but in many cases insurance costs are higher than investment fees. Many funds quote insurance in terms of $1 per week. This is not very useful as it doesn t tell employees how much cover they get for the $1, so employees need to assess how much insurance they really need and work out how much they will be paying in premiums. It may be more cost effective to insure via a company scheme than a personal plan. Service How important is service? Does the employee want 24 hour telephone and online access to information about their funds, or will an annual report do? Most funds give employees access to a call centre, although the wait times vary a lot. What reporting would the employee like and what timeframes are appropriate? Will the super fund provide educational seminars and access to independent financial advice? How important is this?

7 Choice of Fund Key features Company factors Business strength High Reputation Strong Fees Entry Nil Exit Nil Switching Nil Buy/sell spread Nil Ongoing annual fee Member $60 Administration Nil Management* FirstChoice Conservative 1.68% pa FirstChoice Moderate 1.85% pa FirstChoice Growth 1.96% pa Expense recovery Nil Fee rebates Up to 0.6% depending on total company balance Investments Performance Performance varies for each of the options, please call for the most recent performance figures Number of options 48 Variety Insurance 10 professionally selected multi-manager options 38 single manager options including well known brands and specialist independent boutiques Death cover Yes Automatic Acceptance Limit Up to $600,000 without medical tests Death and Total & Permanent Disability Yes Salary Continuance Insurance Yes, a benefit period of 2 years or to age 65, 30, 60 and 90 day waiting periods Service Reporting Half yearly statements sent to you within 30 days of the period end, Annual Report sent yearly Telephone access 8am till 7pm Sydney time, ATA Call Centre of the Year 2003 Internet 24 hour access Educational seminars Yes Access to individual financial Yes planning advice Member Benefits Discount Program FirstChoice Employer Super Yes a comprehensive lifestyle benefits and discounts program Other Fund * These are the three most popular options. To find out the fee on any other option, please call us on These fees can reduce by up to 0.6% depending on the size of the total company plan.