Distribution Policy

The Responsible Entity intends, over time, to distribute the whole the Trust's distributable net accounting income determined on a consolidated basis, excluding unrealised gains and losses.

The Responsible Entity may determine that, in some periods, it is appropriate to withhold some of the Trust's net accounting income determined on a consolidated basis for later distributions. Further, the Responsible Entity may also include a return of capital component in the distributions.

Distributions will be made for the six month periods ending 30 June and 31 December each year.

Distribution History

Distribution period to	Distribution (cents per unit)	Payment Date	Taxable Components
30 June 2007	3.95	31 August 2007	58.34% tax deferred
31 December 2007	4.00	29 February 2008	-
30 June 2008	4.00	29 August 2008	52.07%* tax deferred
31 December 2008	nil	n/a	-
30 June 2009	0.025	31 August 2009	100%

* Represents the tax deferred component of the full year distribution
of 8.0 cents per unit.

Distribution notice for the purpose of sub-division 12-H of the Taxation Administration Act, 1953: December 2007
June 2008
June 2009