2009 Treasury Group AGM

January 7, 2010

Lots of questions which resulted in a good debate. You can here all the questions here and below is the edited audio.

Where is the value we are not recognising on our balance sheet?

What is your long term asset realisation model?

What is the history with our cross-shareholding?

Will Reubert serve a full term and does he have any other equitable interests in any other boutiques?

Why hasn't Australia produced an activist fund or Treasury Group supported one?

Is there anything the candidate has suggested which you think has merit and you will take on board?

Can you explain the cash bonus to Rob Sullivan?

Where are you looking to focus your energy going forward?

Trouble in paradise: the Investors Mutual intervention

How are our relations with Investors Mutual?