Ann: Becoming a substantial holder, page-3

In July 2007, Wyllie Group agreed to invest $50 million into the first fund raising of a newly established alternative asset fund manager Viburnum Funds Pty Ltd (Viburnum). In return for being a seed and cornerstone investor, Wyllie Group negotiated a 50% majority interest in Viburnum.
The investment focus of Viburnum’s first Fund is to invest in a variety of latter stage private equity situations, but primarily, investments in private industrial companies with a nexus to Western Australia and with an enterprise value of less than $100 million. It is envisaged that the Fund will take significant positions in a combination of growth and buy-out situations and take an active role in the strategy of the investees. The Fund will not be investing directly in companies whose primary business is in property, mining or mineral exploration but may take positions in businesses that provide services to these sectors.