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COMPANY OVERVIEW

Acure Asset Management Limited is a Boutique Property Investment, Development and Funds Management company with offices in Perth and Sydney, Australia.

Acure is focused on identifying and originating quality property assets, as well as delivering results for the property funds and syndicates it manages. The Acure team has operated across a broad spectrum of property sectors including commercial, industrial, retail, residential, tourist and mining accommodation. The management team has a successful track record in investment and development management, and maintains strong property industry relationships. The team has an in-depth knowledge of the property market.

Recently Moelis & Company Australia made a significant investment in Acure Asset Management Limited. As a result of the investment Moelis now have two directors on the board of Acure. Moelis & Company Australia is a joint venture with the highly regarded International Investment Bank "Moelis & Company".

Moelis & Company Australia offers a full institutional stockbroking service. It also offers investors a specialist direct asset management capability in alternative asset classes including real estate and infrastructure; via funds, syndicates and direct mandates.

Moelis & Company is a global investment bank with 600 employees across 14 offices in the United States, Europe, the Middle East, Asia and Australia. Moelis & Company's extensive advisory business provides a competitive edge to Acure given its global resources, strong real estate and banking relationships and sector execution and management expertise. Additionally, Moelis & Company's highly regarded and experienced real estate advisory and funds management teams have successfully worked together for several years.

Pride Projects Pty Ltd was established in 2005 and is a wholly owned subsidiary of Acure Asset Management Limited. Pride Projects is a fully diversified property development company with the skill set and expertise to operate and develop projects of a diverse and unique nature. Pride Projects has been involved in the development and operation of land subdivisions, commercial/industrial property, retail, resort and retirement village development.

More recently Pride Projects has managed the development of all 10 existing Masters Home Improvement Stores (owned 67% Woolworths ASX listed and 33% Lowes - a USA listed company) in Western Australia. Pride Projects has also been the developer of all the 15 Harvey Norman (ASX listed Company) stores in Western Australia.