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An Important Notice to all 98-99 Project Investors – Proceed Distributions

Investors in the Great Southern 1998 and 1999 projects were paid an interim distribution from harvest proceeds on 22 December 2009.  Please note that following the appointment of Gunns as the RE of the projects on 23 December 2009, McGrathNicol are undertaking a process to hand over all scheme related information.  If your distribution was received via a cheque you are encouraged to ensure it is deposited into your bank account before the end of January to minimise complication

Please be advised that the Great Southern office will be closing for the Christmas holidays from 1pm WST on Thursday 24 December 2009 and will re-open on Monday 4 January 2010.

Information in relation to the outcome of the Growers Meeting on the 23 December 2009 will be posted on the Great Southern website shortly after the closure of the meeting (www.great-southern.com.au).

Over this period urgent queries can be addressed by emailing fm-gs@mcgrathnicol.com.

The Receivers and Managers have implemented a secure online area for investors of Great Southern's managed investment schemes.

The secure area allows investors to:

• View their investments online together with any news/updates on the position of their Schemes interests.
• View a solvency and viability report for each of the Schemes they have invested in, together with the Receivers and Manager's recommended steps for that Scheme.
• Solicit general feedback and questions from Investors regarding those reports.

Investors are encouraged to register for this service now. The full website is now available and investors will be notified of their login details within 24 hours of registering.

Register via online form

When completing this online form you will be required to enter information relating to your investments with Great Southern. To ensure you are prepared, please read the following document:

 How to register for investor online access

When you are ready to register, please click here to access the online form.

If you have already registered, please click here to log-in to the site.

2009 preliminary tax guide

The following information is provided to assist investors in Great Southern MIS Projects with understanding the likely tax implications in connection with their investments.

 2009 Preliminary Tax Guide

2008 tax information

 2008 distribution - tax information
 2008 tax guide
 Cattle project tax information

On 16th May 2009, Martin Jones, Andrew Saker, Darren Weaver and James Stewart were appointed Joint and Several Administrators of the Great Southern Group pursuant to Section 436A of the Corporations Act 2001 (“the Act”).

Subsequently, on 18 May 2009 Simon Read, James Thackray, Tony McGrath and Colin Nicol of McGrathNicol were appointed Receivers and Managers (“Receivers”) of Great Southern Limited (“Great Southern”) and certain subsidiaries of Great Southern (“the Receivership companies”) by a Security Trustee on behalf of a group of secured creditors. 

Control of the business and assets of the Receivership companies now rests with the Receivers.  This includes Great Southern Managers Australia Limited (“GSMAL”), the responsible entity for the various Managed Investment Schemes (“Schemes”) which the Great Southern Group promoted and managed.

The Receivers understand that investors will be concerned to understand their own positions as soon as possible.  A team is presently working to confirm the current financial position of the Receivership companies, including the financial viability of each Scheme.  In doing so, the Receivers are working in close co-operation with the Voluntary Administrator and the Great Southern management.

Further updates to investors will be provided in due course and as they become available will be provided on this website.  The Great Southern Group’s existing toll free number (1800 258 348) can also be used for individual investor questions.  As you will understand, at present our ability to comment meaningfully on individual positions is limited.  However, we would encourage investors to contact our team on that number to provide or confirm your contact details, including email addresses, so that we may provide further updates as efficiently as possible.

Information provided to date by both the Receivers and Administrators are available on the Great Southern website and we encourage you to read these documents.

This is a complex matter and we appreciate your patience at this difficult time.

Please click here to view details on the webcast facility       Please click here to access the webcast

• To download the Supplementary Explanatory Memorandums and Supplementary Prospectus please click here.

The purpose of this notice is to advise of the following information and timetable of events leading up to the investor meetings on 1 December 2008.

1. The Reference Period for the VWAP of GSL Shares ends at the close of business on Tuesday 25 November 2008.
2. The VWAP of GSL Shares for the Reference Period will be announced by GSL on ASX on Tuesday 25 November 2008 and will also be made available on this website on this page.
3. The Independent Directors of GSMAL will meet on Wednesday 26 November 2008 and will consider the outcome of the VWAP pricing over the Reference Period as well as KPMG’s final considerations and conclusions with respect to their Independent Expert Report.
4. The Independent Directors will then be in a position to promptly communicate appropriately with Project Investors should there be any change to the conclusions of the Independent Expert or the Independent Directors’ recommendations.
5. The green Proxy Forms for the investor meetings will be accepted up to 9:00am (WDT) on Saturday 29 November 2008, being 48 hours before the investor meetings, rather than closing at 9.00am (WDT) Friday 28 November 2008.
6. The investor meetings will be held at 9:00am (WDT) on Monday 1 December 2008 in Perth.

Construction of new woodchip export facility confirmed for Port of Portland
Leading hardwood plantation forestry managers Great Southern Limited (Great Southern) and ITC Limited (ITC) have announced that they have reached in-principle agreement with the Port of Portland Limited (POPL) for the design and construction of the planned world-scale woodchip export facility at the Port of Portland in Victoria.
 Construction of new woodchip export facility confirmed for Port of Portland

However following feedback from many growers, and as part of an ongoing initiative to review costs, Great Southern will make these accounts available publicly on its website, rather than via mail to every MIS grower.

The 2008 scheme accounts are near completion and will be made available publicly on 30 September 2008. Copies for each project will be lodged on the Great Southern website in the Investor Reports section.

If you would prefer to be mailed a copy of the scheme accounts for your investment, Great Southern will still do so by request. Please contact our Client Services team on 1800 258 348 (within Australia) or +61 8 9320 9700 (from outside Australia).

Following a comprehensive strategic review process over the past six months, agribusiness leader Great Southern Limited is embarking on a major transformation to unlock the company’s true value.

•  Launch of the new Great Southern
• To view the ASX announcement click here
• To view further information on the proposal click here

• http://www.brr.com.au/event/GTP/920/38867/wmp/9xwmgpxcix

•  2007 Financial Results announcement
•  2007 Financial Results Presentation
•  Appendix 4E - Preliminary Final Report

•  Click here to download the media release
• Click here to find out more about the project

Half year net profit increases to $14.9 million
Great Southern is pleased to announce a half year net profit after tax of $14.9 million.
 Half year net profit increases to $14.9 million

For a copy of the government’s announcement, click here: http://www.mffc.gov.au/releases/2006/06152aj.html

To view responses to the announcement from peak industry groups, use the links below:

• http://www.a3p.asn.au/news/tax.html
• http://www.nafi.com.au/media/view.php3?id=461