CAPABILITY STATEMENT

01 SPYRE GROUP overview

SPYRE GROUP Key Capabilities

Spyre Group is a specialist property company focused on residential development, managed

Spyre Group’s experience covers all aspects of the residential

property trusts and property advisory. Our team has developed more than $60m worth of end

property sector. Our AFSL also opens doors to a broader range

property value around South East Queensland and beyond. Spyre Group was founded in 2008

of investment opportunities. We would love to meet with you

and has grown from a family based business into a successful and evolving development group

to discuss these further.

backed by HNW investors. Services span the entire spectrum of property development from identifying and funding new opportunities to design and execution.

Opportunity Identification Due Diligence

Competitive Advantage • A range of projects from house and land packages, units and townhouses. • Owns and operates their own AFSL Spyre Capital 316870 ASIC.

Market, Demographic and Location Analysis Feasibility Studies and Risk Mitigation Contracting Strategies and Acquisition

• All projects have obtained approvals well into maturity stages.

Capital Raising

• End completion dates range from 12-24 months.

Planning and Authority Approvals

• Supply in respective suburbs amongst Spyre Group’s projects is non-compete.

Construction Negotiations and Management

• A boutique personal service is provided by Spyre Group’s team and directors. • National reach and expertise, with a track record of raising investment funds and delivering returns over 6 years.

Project Management Sales and Marketing Stakeholder Management Contract Management

www.spyregroup.com.au

02

Mission statement

Trust, integrity, transparency and respect are paramount to us and form the basis of our relationships with investors and business partners. Our business model is founded on ensuring that our projects are delivered in an open and collaborative manner. Residential property development is our passion.

Innovative Experienced Driven Success focused

03 inVestment highlights • Continued delivery of pre tax returns ranging from 15-20% p.A from unit allotment date. • Mitigation of risk by achieving planning approvals prior to accepted investment capital. • Co-investment of large amounts of seed capital in all projects to date. • Investment trusts and licenses controlled and owned in house • No trust and management fees incurred by the investor. • Investment funds will be used to settle properties, pre-sell equity, finalise remaining projects and meet 2013 loan obligations. • Repayment of investor capital and interest is protected by repayment prior to spyre group’s profits.

our development approach • Spyre Group is a new generation of developers, and the team brings freshness and energy to every project, exploring new ground to ensure the vision of all future landmark projects are delivered to success. • The company’s lateral, yet corporate approach to the delivery of residential communities is building employment, investment and industry to these areas as well as a place for people to work, rest and play. • Spyre Group focus on locations that are close to the things that matter to people – transport options, employment opportunities and educational facilities. • History of delivering projects without compromise to quality, on schedule, on budget and to standards acclaimed by the discerning buyer. • Buyers of Spyre Group a property can be sure they are buying in locations that offer everything that Queensland is known for – outdoor

activities, beaches, café culture, schools and first rate shopping. • As the developers of projects in various stages of planning and development, the company is also behind some moves to begin acquiring some significant project sites across Australia through its company owned AFS License (Spyre Capital Limited) and capital raising activities.

Investor references

Spyre Capital Limited, AFSL 316870 is an Australian Financial Services Licensee. Spyre INVESTOR TESTIMONIALS

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Capital Limited SCL is a privately owned dealership offering tailored advice and strategies This is exciting, great to be on board with the team and I look forward to our future dealings... through its Representatives. Richard Katan. (Director) Versa Wardrobes, Victoria Spyre Capital Limited was founded as a boutique licensee, set about to offer the

Thanks Representatives’ Dan and Dom forout theinopportunity invest Group, and forproducts the hard Spyre work that you put the market.toAs wellin asSpyre its own investment Capital

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into achieving such high forrange investors such astomyself. We look forward to investing in the near can offer thereturns broadest of products its clients including derivatives andagain a complete future once business and family goals are on track. stock broking package.

Andrew andWe Joanna AP Surgical, Melbourne aim toStubbs. support(Director) our representatives through ongoing education and flexibility with our products to grow and expand as you do.

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At Spyre in Capital place you thefor advisor We focus on you, to letand youthe focus onthings the in life Our investment Spyrewe Group has paid familyfirst. holidays oversees, boats, finer client and your business. we would not have budgeted for if it was not for our investment in Spyre. We have been on board with Spyre Group now since its inception in 2008 and have received excellent returns throughout what has been a very difficult economy. Spyre have selected projects with great upside which has proven to be a recipe for success

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a high yield Investment Strategy For both Seasoned And novice Investors.

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highest level of products with the highest level of compliance support to its Authorised

to attract investors who would of otherwise seen other investments and SMSF profits massively diminish. We can’t wait for the next project guys!

Stephen Humphris and Katheryn Buchanan. (Director) NSV Australia, US, China, UAE

05

The directors

At Spyre Group, it is our people who make the real difference in the delivery of our exceptional results to investors. We offers a dynamic team of project and business management professionals all of whom are experts in their field. The Directors possess a broad range of skills, qualifications and experience, including finance, strategic planning, risk mitigation, policy development, accounting, property investment and development, sales and marketing, and contract management. This allows the Board of Directors to form a well-balanced and experienced team and perform its role effectively and efficiently, balancing its responsibilities to Investors with the need to understand and take advantage of market opportunities, with regard to best practice in the area of corporate governance.

DANIEL LARUCCIA 0431 719 730 > [email protected] Daniel Laruccia is Spyre Groups General manager and founder. Daniel is responsible for project approvals, marketing and delivery. With almost 20 years experience in the industry he is a highly qualified property executive with a broad range of project management experience. He is active on the board of Spyre Capital and also holds a diploma in Financial Planning (RG146).

DOMINIC GUINEA 0414 590 522 > [email protected] Dominic holds a Bachelor of Commerce from the University of Queensland and is a Chartered Accountant, Registered Tax Agent and Fellow of the Taxation Institute of Australia with over 10 years experience with small, medium and large businesses, providing advice and assistance

SPYre group, Delivers Results

to businesses across numerous industries both domestically and abroad. Following employment with a number of Chartered Accounting firms including Grant Thornton, and having worked in areas of Taxation, Business Advisory Services, Audit, Superannuation and Insolvency and Reconstruction, Dominic decided to commence his own practice focusing on management consulting services to small to medium businesses and taxation services to the public. At the same time as practicing as an accountant, Dominic has pursued his passion in property investment and development over the past six years

WHAT IS THE UNIT CLASS ON OFFER?

Financial summary

Spyre Invest now offers a new unit class in an Information Memorandum

Spyre Group has a particularly strong balance sheet and cash position.

(please request a copy), as contained in the following tabulated summary: • Minimum Investment: $50,000

06

Spyre invest trust

Source of Funds for Spyre Invest Unit Trust

• Term: 24 months at Directors Discretion

Accumulated End Project GRV

72.7 Million

• Coupon Rate: Subject to profits derived, the Directors propose a return

Total Funds Under Management

5.7 Million

Total interest paid to date

1.2 Million

Current Active investors in Fund

48

of 12% or 15% per annum. However this rate may be varied at the discretion of the directors dependent of the nature an realisation of the property developments obtained as security by Spyre Invest. Investors will have the right to reinvest their distribution entitlement

Spyre Invest is a unlisted property fund.

through the issue of new units in the Spyre Invest Trust and/or electing

The fund has a range of projects currently

to extend the redemption date on their investment.

under construction and in development with diversification from QLD north west mining boom to the sprawling Adelaide Hills region. Spyre Invest has invested wisely across Australia in residential developments controlling the projects from a blank canvas right through to sales and construction. We are proud to have delivered consistent competitive returns to our investors and are on track to have $50million worth of development completed by 2014.

Key highlights • Participation in superior investment performance over time. • An investment opportunity that adds diversification to an Investors overall investment portfolio • Well defined downside risk – all loans by the Trust to borrowers will be secured by a second unregistered mortgage over the development property taken as security for any loan advance, other than those funds advanced for use as seed capital at the initial stages of any development process • Risk management is a cornerstone of the Trust’s Investment Strategy and hence, preservation of Investor’s capital is always of primary importance to the Trustee • The Directors have had a successful and well-documented history in the property and finance industries.

Use of funds for Spyre Invest Unit Trust Property Acquisition Equity

2.5 Million

Stamp Duty & Transaction Costs

0.3 Million

Development Costs

2.7 Million

Other

0.2 Million

Total Funds

5.7 Million

07 Track record of returns Spyre Group has specialist skills to acquire, design, deliver and manage any project of any size. Below are figures for the Spyre Group’s current portfolio (Million). Cloncurry

$ 11.992

Caboolture

$ 5.382

Beerwah Ascot Highgate Hill

$ 6.26 $ 4.897 $ 30.015

Tin Can Bay

$ 5.4

Investor funds under management

$ 5.7

Interest paid to date

$ 1.2

Exceptional Investment Returns Year on year

08

current and past projects

Beaconsfield Street, Highgate Hill, Queensland

29 Million | 2611 m2 Project type: Multi-unit residential development. Status: Terms of purchase accepted. Project details: Current Development for 39 Units with a mix of 1, 2 & 3 bedroom apartments. Consultancy underway to restructure internal unit layout and increase the yield by obtaining additional units under the current GFA (Gross Floor Area) already approved with the building. Potential for 46-50 unit site offering High Gate Hill residents and investors alike a new style of product in the area. Project Partners: Cardno Town Planners, Hutchinson Builders and Ellivo Architects Expertise called on: • Opportunity Identification • Due Diligence • Market, Demographic and Location Analysis • Feasibility Studies and Risk Mitigation • Contracting Strategies and Acquisition • Capital Raising

highgate hill, brisbane qld

9

Current and past projects Mordant Street, Ascot, Queensland

4.9 Million | 870 m2 Project type: Multi-unit residential development. Status: Development approvals and operational works have been approved. Pre-sales and marketing program underway. Construction expected to commence on November 2013. Project details: Architecturally designed, 11 unit site consisting of 2 bedroom, 2 bathroom apartments. Project Partners: Hutchinson Builders Expertise called on: • Opportunity Identification • Due Diligence • Feasibility Studies and Risk Mitigation • Contracting Strategies and Acquisition

ascot EVes ascot brisbane qld

• Capital Raising • Planning and Authority Approvals • Construction Negotiations and Management • Project Management • Sales and Marketing off the Plan Unit Sales. • Stakeholder Management • Contract Management

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current and past projects

Powerhouse Road, Cloncurry North, West Queensland

11 Million | 10 acres Project type: Land subdivision. Status: Civil works complete. Final Stages of building and construction underway. Project details: This 10 acre, residential zoned site was acquired in 2008 with Queensland’s mining boom underway. The site was transformed from a green-fill site into a masterplanned 25 lot subdivision. Project Partners: Arctic Properties Expertise called on: • Opportunity Identification • Due Diligence • Market, Demographic and Location Analysis • Feasibility Studies and Risk Mitigation • Contracting Strategies and Acquisition • Capital Raising • Planning and Authority Approvals • Construction Negotiations and Management • Project Management • Sales and Marketing • Stakeholder Management • Contract Management

riverviews cloncurry west qld

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Current and past projects Emperor Street, Tin Can Bay, Queensland

5.3 Million | 2866 m2 Project type: Land subdivision. Status: DA approved. Negotiation for design and construct has begun with Hutchinson Builders. Project details: Positioned in-between the glistening yachts of the Tin Can Bay Marina and the Esplanade, this site would arguably be one of the best positioned sites in Tin Can Bay. The site was acquired from a mortgagee in possession inn 2009 with an existing development approval for 12 units. The DA has been amended for 12 X 3 bedroom, 2 bathroom town homes. Project Partners: Hutchinson Builders Expertise called on: • Opportunity Identification • Due Diligence • Feasibility Studies and Risk Mitigation • Contracting Strategies and Acquisition

24 Emperor tin can bay qld

• Capital Raising • Planning and Authority Approvals • Construction Negotiations and Management

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current and past projects

Lower King Street, Caboolture, Queensland

5.4 Million | 1416 m2 Project type: Multi-unit residential development. Status: Construction has commenced with completion March 2014. Project details: Acquired in 2008, Spyre Group completed the approvals process for a architecturally designed 18 unit site offering Caboolture residents and investors alike a new style of product in the area. Building approvals granted in April 2013 with a targeted 11 month turn around. With ground floor car parks, security and lift access this style of unit developments has only just began to hit its mark in the outer northern Brisbane suburbs. Project Partners: Hutchinson Builders Expertise called on: • Opportunity Identification • Due Diligence • Market, Demographic and Location Analysis • Feasibility Studies and Risk Mitigation • Contracting Strategies and Acquisition • Capital Raising • Planning and Authority Approvals • Construction Negotiations and Management • Project and Stakeholder Management • Sales and Marketing off the Plan Unit Sales

king Apartments caboolture qld

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current and past projects Roxton Court, Beerwah Queensland

13 Million, stage 1 | 16 acres Project type: House and land subdivision – Lushland Estate Status: Development approval granted November 2012 with appeals concluded early in 2013. Conditional Operational works approved, awaiting stamped plans. Civil works have been tendered with construction expected to commence late 2013. Pre-sales and marketing program underway. Project details: • Stage 1 is a 33 lot subdivision (lots 1 – 33). This master-planned estate will consist of residential house and land packages and townhouses. • Stage 2 is a proposed further 17 lot subdivision (lots 34 – 51). Project Partners: Oliver Hume and Next Property Expertise called on: • Opportunity Identification • Due Diligence

lushland beerwah qld

• Market, Demographic and Location Analysis • Feasibility Studies and Risk Mitigation • Contracting Strategies and Acquisition • Capital Raising • Planning and Authority Approvals • Construction Negotiations and Management • Sales and Marketing • Stakeholder Management

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current and past projects

Karinya Place Nairne Sa

Shakes Road, Nairne, Adelaide Hills, South Australia

3.2 Million | 5840 m2 Project Type: Land subdivision. Status: Completed. Project Details: 8 lot subdivision in the growth corridor of the Adelaide Hills just on the outskirts of Mt Barker, South Australia. Project Partners: Hickinbotham Homes

Expertise called on: • Opportunity Identification • Due Diligence • Feasibility Studies and Risk Mitigation • Contracting Strategies and Acquisition • Capital Raising • Planning and Authority Approvals • Construction Negotiations • Project Management • Sales and Marketing • Stakeholder Management

SOLD out

SPYRE GROUP PO Box 137, Samford QLD 4520 Phone 0431 719 730 | Phone +61 7 3205 8938 SPYREGROUP.COM.AU

TRUSTEE: Spyre Invest Pty Ltd ACN 145 517 791 Registered Office C/O QLD Accounting Group, Suite 9, 424 Gympie Road, Strathpine QLD 4500 Phone +61 7 3205 8938

AUDITORS: Williams Hall Chadwick Level 19, 144 Edward St Brisbane QLD 4000 Phone +61 7 3221 2416

ACCOUNTANTS: QLD Accounting Group Suite 9, 424 Gympie Road, Strathpine QLD 4500 PO Box 6009, Brendale BC, QLD 4500 Phone +61 7 3205 8938 All information was true and correct at time of printing.