FarmInvest. Australian Farmland Investment Fund AUSTR A LIA

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1 Australian Farmland Investment Fund Experienced agribusiness management providing a farmland investment opportunity in the Australian agriculture sector which offers minimized investment volatility through an own and lease model.

2 Introduction Global demand for food is being driven by an increase in global population combined with a simultaneous surge in the global middle class United Nations is predicting the global population will increase from 7 billion in 2015 to more than 9 billion by 2050 This means there will be 70 million additional people for agriculture to feed every year The Brookings Institute is predicting the middle class will increase from 1,800 million in 2009 to 4,900 million by 2030 # A rise to the middle class influences food demand by: People eating more A shift in diet to higher protein # Kharas, H (2010) The Emerging middle class in developing countries. The Brookings Institute.

3 The Opportunity This increased demand for food in a back ground of reduced arable land per head of population means there will be unprecedented demand for food production relative to supply of available land for production Successful investment in and management of Australian farmland requires specialist expertise Australia has developed a business model that: Provides investors with the opportunity to participate in new demand for food through the ownership of a diversified portfolio of Australian farmland Provides hands on experience in agricultural land selection, operation and management Provides a sustainable return for investors via a farmland own and recurrent lease model Is centred on relationships with professional farmers to ensure the farmland is sustainably managed

4 Relevant investment model experience of Australia Directors Investment in Australian Farmland has been successfully transacted personally by Australia Directors who between them currently mange a AUD43 million diversified farmland portfolio as a combination of both lessee and lessor. Australia Directors believe this type of performance can be replicated within the Australian Farmland Investment Fund via investment in farmland throughout selected regions of Australia. # The IRR calculation has been undertaken as if the assets were purchased, managed and sold as per the terms of Australian Farmland Investment Fund. * Note this chart represents personal farmland assets under management by FIA directors but will not form part of the Australian Farmland Investment Fund.

5 Investment in the Australian Farmland Investment Fund Australia Pty Ltd (FIA) is seeking investors into the Australian Farmland Investment Fund. The Fund is an unlisted, open ended Unit Trust 10 year investment horizon Open for subscription 2nd Feb 2015 The Fund will be a large holder of diversified Australian agricultural farmland Established as a unit trust under Australian corporations law Diversified geographically and across agricultural production sectors Targeting long term capital growth and annual lease returns from agricultural farmland Management by Australia Pty Ltd (FIA) Experienced team of agricultural professionals Extensive personal commitment to this investment model

6 Australian Farmland Investment Fund Invest in Australian agricultural land Natural exporter of agricultural commodities to growing global food demand Exposure to capital appreciation via a diversified portfolio of agricultural land assets AAA rated sovereign economy with stable democracy Expert manager Extensive experience in all segments of the supply chain. Land selection process to optimise investment decisions Engagement of professional farmers to lease the land Management overview to enhance portfolio value and performance Returns comprising immediate cash flow from lease and exposure to capital appreciation Diversified investment regionally and across production systems Low risk annual income from lease returns Seeking undervalued assets with high potential for asset appreciation Capital growth over the life of the investment

7 Australian Agriculture Demand for Australian Agricultural Commodities Global farmland prices per tonne of wheat produced Australia represents excellent value Existing long term export channels Close proximity to Asian growth Comparatively cheap land value per tonne of production (refer chart) Land value per annual tonne of wheat production (US$) Australian Agricultural Farmland Secure land tenure and ownership A well developed legal system A strong, stable political & economic environment Clean, Safe, and Sustainable Agricultural Practices Source: Land Commodities Investing in Australian Agriculture An Introduction report 2012 International reputation for quality produce Limited and controlled GMO production Island nation with strong border controls

8 Australian Agriculture is well positioned =-.4" (59)4"0":-;-4.</-*" 7.)58" 6-5-./*" 24+-5" 2)/*--3"2)/*" Asian Food Imports ()*+" 2)/*--3",-./" ()*+",-./"0"1)/" !" #!" $!" %!" &!" '!!" '#!" '$!" '%!" 2050 '&!" 2007 #!!" >-5)-*#" >-5)-*'" European Union 6% Middle East 6% China 12% Taiwan 2% Japan 14% Republic of Korea 6% United States 8% Existing global export channels for agricultural produce Ideally proximate to growing Asian demand base Malaysia 2% Indonesia 7% International reputation for quality produce: Highly efficient, low cost production Clean, safe and sustainable New Zealand 4% The Brookings Institute is predicting the middle class will increase from 1,800 million in 2009 to 4,900 million by 2030.

9 The FIA Own and Lease model advantages over traditional own and operate fund investment models Maximising investor funds deployed in farmland Allows for greater diversity both geographically and production sectors reducing risk to any one area or industry sector Leasing minimises investors exposure to adverse production and commodity market volatility FIA model has the flexibility identify and purchase not only entire farms but also smaller tracts of farmland, that may be of high value to localised farming operators, where buy and operate models often pay a premium for large aggregations of land to achieve operational efficiency. Facilitates existing successful farm businesses to expand and leverage operations via leasing farmland Managed by an experienced team of professionals who personally have in excess of A$40 million of farmland under management

10 Australia brings extensive expertise in four key areas Identification of suitable farmland using the Australia Investment Process Negotiation and finalisation of transactions Assessing and investing in agricultural land assets Selecting and appointing professional tenant farmers Identification of professional farmers capable of increasing their operations Entering contractual relationships with lessees Ensuring lessees meet best practice management conditions to ensure asset integrity Ensuring a commercial focus is applied to asset management Oversight of asset management Active portfolio management Enacting risk management and control frameworks Ongoing portfolio review and evaluation

11 Experienced Agribusiness Capability Steve Burt Chairman Extensive agribusiness experience including global grain trade, infrastructure, transport and mergers and acquisitions. Steve led the successful entry of the Nidera Group into Australian Agri commodities markets buying into PentAg Nidera and facilitating capital investment of Toyota Tsusho into the company. David Heinjus Director, Business Development Manager Managing Director of Rural Directions for 17 years, South Australia s largest agribusiness consulting firm. Clients include government, local and multinational farming corporates as well as on the ground advisory to farmers. David is also one of South Australia s leading farmers with his business Pareta Farms. Australia expertise comprises Business investment, Financial management, Production systems, Farm Management, Commodity trading & advisory Sandy Bauman Managing Director Sandy started as a wheat farmer in Central Queensland and from this developed a successful agribusiness career, including Chairman of commodity trading business PentAG Nidera which now has European and Asian company shareholders. Sandy is also principal of national turf growing and supply company ALC Turf. Craig Farrow Director Craig has 25 years experience in the accounting and advisory services profession, a career which in the last decade has focussed on leadership, strategy and governance. Recognised as a leader in the Accounting profession (2012 President ICAA, 2013 Executive Chair CAANZ) he was a foundation partner of Brentnalls SA, and national Chairman of the Brentnalls Affiliation. He was a founding director/shareholder of M2 Group Ltd (ASX: MTU, ASX200) and has been Non Executive Chairman thereof since June 2007.

12 Contact Details Steve Burt Chairman +61 (0) David Heinjus Director, Business Development Manager +61 (0) Sandy Bauman Managing Director +61 (0) Craig Farrow Director +61 (0) For further information or to obtain a copy of the Australian Farmland Investment Fund Information Memorandum, please contact us directly or via our website.

13 Australia Pty Ltd has prepared this presentation from information provided by various sources based on information available at the time of preparation. Every effort has been made to substantiate its accuracy; however Australia Pty Ltd makes no representation or warranty, expressed or implied and accepts no responsibility as to the accuracy or completeness of any information or analysis contained in the presentation, or that any of the information will remain unchanged after the distribution of this presentation, or any document circulated in conjunction with this presentation. Whilst every effort has been made to ensure the integrity and accuracy of the information contained within, it should not be considered a substitute for independent legal and financial advice. Neither, Australia Pty Ltd, its associated Companies or any of its employees undertake responsibility or liability for losses suffered by any person or organisation relying directly or indirectly on the information included in this presentation, including any errors or omissions therein arising through negligence or otherwise however caused.