This structure has the following benefits for unit holders:

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2 Benlee Property Trusts is a wholly owned Australian entity focused single mindedly on the income and growth potential of modern, industrial and commercial properties in Australia. Our fundamental strategy is to identify well-let, existing properties in prime locations and to invite suitable parties to participate in their acquisition via unit holdings in a managed trust. This structure has the following benefits for unit holders: Participation in the Australian property market without the need to actively be involved in the day-to-day management of such properties. Collectively gain access to large scale properties with stable, long term tenants that would otherwise be out of reach of the single, small investor. Derive regular income (paid monthly) and potentially obtain capital growth. Benefit from the 40 years experience and competence of the property manager. Obtain regular and comprehensive reporting from the Trustee and Manager about their investment Offer an ideal vehicle for pension or superannuation funds. Easy investment process with low entry level Access to the Property Manager and Trustee whenever needed Reassurance that all trust affairs are overseen by a Licensed Trustee Units can be sold or purchased at any time (subject to supply and demand.) There is no stamp duty payable on transfers of ownership. We are currently pursuing several opportunities in our sphere of operation and would be happy to discuss these or any other matters of interest with potential investors. Benlee Company Pty Ltd ACN Olphert Avenue, Vaucluse NSW 2030 T: Mob: F: E: john@benlee.co

3 Current Portfolio Property Trust Value (AUD) Net rental growth Current annual distributions Description Benlee No. 5 $32m 0% ( 0 years) 10.5% Two modern warehouse estates in the prime Brisbane industrial areas of Heathwood and Pinkenba, built in 2007 and 2008 and each very well located close to major arterial roads. The third property in this trust is a prime warehouse / office facility at Eastern Creek in Sydney that was built in The first two properties in Brisbane were settled in June 2012 and the third at Eastern Creek in Sydney is scheduled to be settled by the end of October Condell Park $22.725m 5% ( 2 years) 12% Modern warehouse estate in the Sydney industrial area of Condell Park, built in 2008 and very well located close to the M5 (South Western) Motorway being approximately thirty minutes drive to the Sydney CBD. The location is also very convenient to Sydney Airport and Port Botany container terminal. Purchased in November 2010 by a group of investors and known as the Condell Park Industrial Property Trust. There are ten tenants in the estate and all units are occupied on long term leases. Kings Cross $9.15m 3% ( 1 year) 14.04% COMMERCIAL PROPERTY TRUST This property accomodates a Fitness First gym in the prime location of Kings Cross, which is a city fringe location of Sydney just 1.6 kms from the CBD. Located between the Sydney CBD and the busy Eastern Suburbs, Kings Cross / Potts Point is a high density commercial residential area appealing to the younger, wealthier population. Richlands $18m 11% ( 3 years) 11.76% Modern warehouse complex in the Brisbane industrial area of Richlands, well located close to the Ipswich Motorway, Centenary Motorway & Logal Motorway. Purchased in September 2009 by a group of investors and known as the Richlands Industrial Property Trust Wacol $19m 17% ( 1 year) 11.4% Modern warehouse built in 2008 in the Brisbane industrial area of Wacol, well located close to the Ipswich Motorway, Centenary Motorway and Logan Motorway. The purchase was negotiated in early 2009 and settled in November 2011 due to a protracted land subdivision process by the vendor, and is owned by a group of investors known as the Wacol Industrial Property Trust Neither the Property Manager nor the Trustee make any representation or warranty as to, the accuracy, reliability or completeness of this document. Neither the Property Manager nor the Trustee guarantee the success of the Trusts, the repayment of capital invested in the trusts or any particular rate of return on investments in any trust. Past performance is not indicative of future performance. It is important that you read in full the relevant Information Memorandum for each trust and seek advice before deciding whether to acquire or to continue to hold units in any of the trusts.

4 Property Manager John Dalley, Managing Director of Benlee Company Pty Ltd has a lifetime experience in buying, selling, managing and developing real estate in Australia. The driving force behind the Benlee Property Trusts, John entered the real estate industry at age 17 and has been involved in it ever since. His experience and knowledge in the property industry over the past 40 years has been acquired through direct involvement in: Construction of 86 units in Jindabyne and Thredbo NSW Developing and disposing of 225 membership shares in the Silver Brumby Ski Lodge in Thredbo NSW Owning and managing industrial property in New South Wales, Queensland and Victoria which were all held for rental income and long term capital appreciation. Owning and managing commerial office buildings in the Sydney CBD and overseeing their conversion to strata title. Owning and managing numerous residential buildings and shopping centres in New South Wales and Queensland. Developing 176 hectares on the Gold Coast Queensland into over 1,100 home sites. John has been solely responsible for the growth of the Benlee Property Trusts from a zero base in 2009 to the $100 million value it now enjoys. John has personally invested into all of these trusts and will continue to do so. The Trustee One Investment Group provides Trustee Services to unregistered management investment schemes. They hold 6 Australian Financial Services Licences, and act as Trustee for a wide range of asset classes, including real estate, shipping, aviation, hedge funds, infrastructure and private equity. One Investment Group s Trustee Services include: Producing offer documents One Funds Mangement Ltd ACN Office Address: Level 13, 20 Hunter Street Sydney NSW 2000 Postal Address: PO Box R1471 Royal Exchange NSW 1225 T: F: E: enquiries@oneasset.com.au Monitoring compliance Overseeing investment decisions Preparation of financial accounts Providing annual tax statements and arranging the external audit Ensuring adherence to regulatory and legal requirements Custody services Fund accounting Unit registry Unitholder reporting

5 Benlee Property Trusts focuses on acquiring modern, well-let industrial and commercial properties in Australia and seeking to obtain, from such properties, a reliable rental income and potential capital growth. Acquisition is financed by the establishment of a trust and issuing units in that trust to suitable investors, together with debt finance. Highlights Benlee undertakes extensive research into prospective properties, the existing lease agreements, market conditions and other factors as well as conducting thorough feasibility studies into the anticipated returns and capital growth a property may yield. Findings are contained in an Information Memorandum which is made available to prospective investors. Participating in a property trust allows smaller investors collective access to large scale Australian property opportunities. Such large scale opportunities generally have stable, long term tenants under lease agreements that provide for automatic rent increases. Trust returns are thus more predictable and reliable. Unit holders are relieved of all mundane trust management which is handled by the Property Manager. Regular and detailed financial reporting is provided by the Trustee who is, by law, required to follow specific and thorough procedures. Management remuneration is based substantially on the performance of the trust and not based on asset values. Such remuneration has been shown to be on the lower end of industry averages. Units can be traded at any time (subject to the usual laws of supply and demand) and attract no stamp duty on transfer. Benlee management has over 40 years direct experience in the Australian property industry and makes a personal investment in all trusts. Distributions from trusts are made monthly direct into unit holders bank accounts, thus yielding higher annual returns from a compounding effectxxxxxxccccccxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Benlee Company Pty Ltd ACN Olphert Avenue, Vaucluse NSW 2030 T: Mob: F: E: john@benlee.co Unit holders have secure, online access to trust information at all times - as well as direct contact with the Property Manager whenever required. A related body corporate of the Trustee and the Trustee personally have invested in each of the trusts.