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1 Financial year ended: 30 June 2012 Previous corresponding period: Year ended 30 June 2011 ASX ANNOUNCEMENT 31 August 2012 PTO Consolidated Limited ACN Registered Office: 108 Outram Street West Perth, WA, 6005 Ph: Fax: PRELIMINARY FINAL REPORT YEAR ENDED 30 JUNE 2012 PTO Consolidated Limited (Formerly Photo-Me Australia Limited) (ASX code: PTO) is pleased to announce a summary of the overall results for the year ended 30 June 2012 and corresponding reporting period 30 June Results for announcement to the market $ Revenue from ordinary activities decreased 52% to 1,272,793 Loss from ordinary activities after tax attributable to members decreased 90% to (268,932) Net loss for the period attributable to members decreased 90% to (268,932) Loss per share (basic) decreased 98% to Cents (0.223) 30 June June 2011 Net tangible asset backing per ordinary security $0.004 ($0.002) 108 Outram Street, West Perth, WA, 6005 Po Box 1346, West Perth, WA, 6872 P F

2 Comments on Results Following approval of Shareholders, on 15 February 2012 the Company and its major creditor Oceanside Securities Pty Ltd as trustee for The David Wee Property Trust ( Oceanside ) agreed to an offer by Otsana Pty Ltd trading as Otsana Capital ( Otsana ) to re-capitalise the Company. As a result of the recapitalisation of the Company the following key transactions occurred: A capital consolidation was undertaken on a 1 for 20 basis. The Company issued 50,000,000 shares to Otsana at $ as consideration for the management of subsequent capital raisings. The Company issued 210,000,000 shares to various institutions and sophisticated investors at $0.01 to raise $2,100,000. The funds raised were to provide for the further acquisition and development of other businesses and assets as identified by the Board of the Company and to maintain its interest in the joint venture company; Aceco Equipment Pty Ltd ( Aceco ). The Company issued 41,500,079 shares to investors in settlement of $400,000 of loan funds, of which the principal plus interest was converted into equity. Control gained or lost over entities in the financial period As part of the recapitalisation of the Company detailed above, the Company undertook the following: The establishment of a Company jointly owned (50/50) by PTO and Oceanside the joint venture Company, Aceco. The transfer all of the existing business, assets and liabilities of the Company to Aceco. The Company now holds a 50% interest in the incorporated joint venture with Oceanside. The Satisfaction of $771,650 of a loan from Oceanside, by Oceanside converting $771,650 of the outstanding amounts owed by the Company to Oceanside into a 50% interest in the Aceco joint venture. Investors provided the Company with a facility of $600,000 for the Company to pay its unsecured creditors, this included a convertible loan of $400,000 (which was subsequently converted to equity by the issue of 41,500,079 shares). Any liabilities of the Company in excess of the $600,000 facility were assumed by Aceco. Details of joint venture entities Name of Joint Venture Entity % Holding by PTO Share of losses of JV entity Aceco Equipment Pty Ltd 50% ($146,935) Refer to note 7 for further information. Dividends declared No dividends were declared or paid during the period or in the precious corresponding period by PTO Consolidated Limited. Audit This report is based on figures from current internal management accounts and subject to finalisation of the full year accounts which are in the process of being audited.

3 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2012 Notes Revenue from continuing operations 4 1,272,793 2,659,349 Other income 4 1,109,122 23,369 Materials and consumables used (1,059,466) (2,437,776) Employee benefits expense (484,858) (488,621) Administration expenses (505,314) (1,002,402) Finance costs (76,312) (62,063) Depreciation & amortisation (304,686) (735,311) Impairment of assets (220,211) (700,000) Loss from continuing operations before income tax (268,932) (2,743,455) Income tax expense - - Loss from continuing operations after income tax (268,932) (2,743,455) Other comprehensive income Other comprehensive income for the year - - Total comprehensive loss for the year (268,932) (2,743,455) Cents Cents Basic loss per share 2 (0.223) (14.306) The accompanying notes form part of these consolidated financial statements.

4 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2012 Notes Current Assets Cash & cash equivalents 1,685,187 - Trade & other receivables 55,257 95,785 Inventories - 81,266 Total Current Assets 1,740, ,051 Non-Current Assets Trade & other receivables 9, ,922 Property, plant & equipment - 1,286,956 Intangible assets - 172,438 Investment accounted for using the equity method Total Non-Current Assets 9,986 1,582,316 TOTAL ASSETS 1,750,430 1,759,367 Current Liabilities Trade & other payables 136, ,213 Interest bearing liabilities 5-101,154 Provisions - 23,803 Total Current Liabilities 136, ,170 Non-Current Liabilities Interest bearing liabilities 5-1,361,451 Total Non-Current Liabilities - 1,361,451 TOTAL LIABILITIES 136,049 2,329,621 NET ASSETS 1,614,381 (570,254) Equity attributable to the equity holders of the Company Contributed equity 6 11,058,427 8,605,860 Reserves 1, ,588 Accumulated losses (9,445,046) (9,884,702) TOTAL EQUITY 1,614,381 (570,254) The accompanying notes form an integral part of these consolidated financial statements.

5 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2012 Contributed Equity Reserves Accumulated Losses Total Equity At 1 July ,605, ,588 (7,141,247) 2,173,201 Comprehensive income: Loss for the year - - (2,743,455) (2,743,455) Total comprehensive loss for the year - - (2,743,455) (2,743,455) At 30 June ,605, ,588 (9,884,702) (570,254) Comprehensive income: Loss for the year - - (268,932) (268,932) Total comprehensive loss for the year - - (268,932) (268,932) Transactions with owners in their capacity as owners: Issue of share capital 2,572, ,572,001 Capital raising costs (119,434) - - (119,434) Option expiry - (708,588) 708,588 - Issue of options - 1,000-1,000 At 30 June ,058,427 1,000 (9,445,046) 1,614,381 The accompanying notes form an integral part of these consolidated financial statements.

6 CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2012 Cash flows used in operating activities Receipts from customers 1,241,806 2,981,948 Payment to suppliers & employees (1,868,764) (3,979,591) Interest received 30,988 5,143 Borrowing costs (109,374) (74,130) Net cash flows used in operating activities (705,344) (1,066,630) Cash flows used in investing activities Payment for property, plant & equipment (4,500) (120,345) Proceeds from sale of property, plant & equipment 5,708 - Receipts from security deposits 90,909 - Contribution to joint venture (195,028) - Net cash flows used in investing activities (102,911) (120,345) Cash flows from financing activities Proceeds from issue of securities, net of costs 2,038,567 - Proceeds from borrowings 589,750 1,317,682 Repayment of borrowings (133,706) (141,768) Net cash flows from financing activities 2,494,611 1,175,914 Net increase / (decrease) in cash and cash equivalents 1,686,356 (11,061) Cash and cash equivalents at beginning of year (1,169) 9,892 Cash and cash equivalents at end of year 1,685,187 (1,169) The accompanying notes form an integral part of these consolidated financial statements.

7 NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2012 Note 1: Statement of significant accounting policies This preliminary final report has been prepared in accordance with Australian Securities Exchange Listing rules as they relate to Appendix 4E and in accordance with the measurement requirements of Australian Accounting Standards and Interpretations, other authoritative pronouncements of the Australian Accounting Standards Board and the Corporations Act However, this preliminary final report does not include all the notes of the type included in the annual financial report and accordingly, should be read in conjunction with the annual report for the year ended 30 June 2011, and with any public announcements made by PTO Consolidated Limited during the reporting period in accordance with the disclosure requirements of the Corporations Act The following is a summary of the material accounting policies adopted by the consolidated group in the preparation of the preliminary final report. The accounting policies have been consistently applied, unless otherwise stated. This preliminary final report is based on accounts that are in the process of being audited. (a) Principals of consolidation (i) Subsidiaries The consolidated financial statements comprise the financial statements of PTO Consolidated Limited and its subsidiaries G Vend Pty Ltd and Vending Technology Services ( the Group ). The results of the subsidiaries are consolidated up until 29 February 2012, the date which all assets and liabilities of the Company were transferred to Aceco as part of the re-capitalisation of the Company. (ii) Joint ventures Jointly controlled assets The proportionate interests in the assets, liabilities and expenses of a joint venture activity have been incorporated in the financial statements under the appropriate headings. Details of the joint venture are set out in note 7. Joint venture entities The interest in a joint venture is accounted for using the equity method after initially being recognised at cost. Under the equity method, the share of the profits or losses of the partnership is recognised in profit or loss, and the share of post-acquisition movement in reserve is recognised in other comprehensive income. Details relating to the partnership are set out in note 7. Profits or losses on transactions establishing the joint venture partnership and transactions with the joint venture are eliminated to the extent of the Group s ownership interest until such time as they are realised by the joint venture partnership on consumption or sale. However, a loss on the transaction is recognised immediately if the loss provides evidence of a reduction in the realisable value of current assets, or an impairment loss.

8 Note 2: Earnings per share Net loss attributable to the ordinary equity holders of the Company ($) (268,932) (2,743,455) Weighted average number of ordinary shares for basis per share (No.) 120,379,675 19,176,912 Continuing operations Basic loss per share (cents) (0.223) (14.306) Note 3: Segment Note Post the Company s reconstruction on 29 February 2012, the Group has one reportable operating segment. Note 4: Revenue & Other Income Revenue from continuing operations Sales revenue Sale of goods 1,241,805 2,654,206 Other revenue Interest income 30,988 5,143 Total Revenue 1,272,793 2,659,349 Other Income Net gain on disposal of property, plant & equipment 3, Gain on disposal of business to joint venture entity 334,004 - Gain on debt forgiveness 771,650 - Other - 23,321 Total other income 1,109,122 23,369

9 Note 5: Interest Bearing Liabilities Interest Bearing Loans and Borrowings Current Interest Bearing Loans Bank overdraft - 1,169 Creditor financing - 76,433 Other interest bearing liabilities - 23, ,154 Non-Current Loans from Oceanside Securities Pty Ltd (b) - 1,361,451-1,361,451 Total Interest Bearing Liabilities - 1,462,605 (a) During the current and prior years, there were no defaults or breaches on any of the loans. (b) Oceanside Loan During the year Oceanside a related party of the previous Director Mr Wee, provided additional loan proceeds of $76,725. The loan accrues interest at a rate of 8%. Oceanside agreed to provide the Company with a financing facility of up to a maximum of $2 million to cover any short term working capital requirements. Of this total facility amount of $2 million, $1 million is secured by way of a fixed charge. On 29 February 2012, in accordance with a conversion of loan deed and as part of the reconstruction of the Company, $771,650 of the loan was forgiven by Oceanside as consideration to acquire 50% of the shares in Aceco. The remaining amount of $629,526 was assigned to Aceco in accordance with the Business Sale Agreement. Convertible loan agreements On 9 November 2011, the Company entered into separate convertible loan agreements with four parties for a total amount of $400,000. Each agreement provided the investors with the conditional right to convert the principal amount they each loaned the Company, and any interest which accrued on the principal amount, into shares in the Company at a deemed issue price of $0.01 per share on a post-consolidated basis. The movement of loans to shareholders during the year is as follows: Beginning of the year 1,361, ,852 Loans advanced from Oceanside 76,725 1,146,599 Discount on debt settlement (771,650) - Transfer of Oceanside loan to Aceco on disposal of business (666,526) - End of the year - 1,361,451

10 Note 6: Issued Capital 30-Jun Jun-11 $ No. $ No. Ordinary shares 11,058, ,877,006 8,605, ,538,248 Movement in shares $ No. Issue price Opening balance 1 July ,605, ,538,248 Shares issued during the year - - Balance at 30 June ,605, ,538,248 Capital consolidation (i) - (364,361,321) - Placement (ii) 5,000 50,000,000 $ Placement (iii) 2,100, ,000,000 $0.01 Shares issued on conversion of loan funds (iv) 400,000 40,000,000 $0.01 Shares issued as interest on the conversion of loans(iv) 15,001 1,500,079 $0.01 Share purchase plan (v) 52,000 5,200,000 $0.01 Share raising costs (119,434) - - Balance at 30 June ,058, ,877,006 (i) (ii) (iii) (iv) (v) On 29 February 2012 a capital consolidation was undertaken as part of the recapitalisation of the Company as approved by shareholder on 15 February The Consolidation was on a 1 for 20 basis. On 29 February 2012, 50,000,000 shares were issued to Otsana at $ in consideration for the management of subsequent capital raisings. On 29 February 2012, 210,000,000 shares were issued to various institutions and sophisticated investors at $0.01 to raise $2,100,000. On 29 February 2012, 41,500,079 shares were issued to investors who provided $400,000 of loan funds, of which the principal plus interest was converted into equity. On 31 May 2012 the Company closed its Share Purchase Plan ( SPP ) and issued 5,200,000 fully paid ordinary shares to shareholders who took part in the SPP and raised $52,000.

11 Note 7: Interests in Joint Ventures PTO has a 50% interest in Aceco (2011: 0%), which is a resident in Australia and the principal activity of which is the provision, installation and maintenance of vending machine technology. The interest in Aceco is accounted for in the financial statements using the equity method of accounting. Information relating to the joint venture partnership is set out below. Share of partnership's assets and liabilities Current Assets 46,605 - Non-current assets 554,883 - Total Assets 601,488 - Current liabilities Non-current liabilities 372,160 - Total Liabilities 376, ,423 - Net Assets / (Liabilities) (146,935) - Share of partnership's revenue, expenses and results Revenues 269,871 - Expenses (416,806) - Loss before income tax (146,935) - Investment in Aceco - - On 29 February 2012 PTO transferred all assets and liabilities associated with its vending technology business to Aceco in exchange for 50% of the share capital of Aceco. As the liabilities forgone exceed the assets relinquished the value of PTO s interest in Aceco was zero. PTO s share of Aceco s loss for the period has not been brought to account as it would result in the carrying value being reduced below zero.