who owns the land, page-21

More answers from TODHA responsible entity.. ALIGN FUNDS MANAGEMENT / OMIL


RENTAL INCOME



From investor update (3rd Feb 2009):

Rent is paid quarterly in advance. All rent has been paid on its due date and the next rent instalments are due on 31 March 2009. CPI increases as from 1 January 2009 will apply to the above rental amounts.



From my calculations Timbercorp was due to pay $2.76M in rent to the trust on 31/03/09.

Has this payment been made when due?
A:Yes



If yes, how does the trust intend to utilise these funds? A:For payment of operating expenses of the Trust.


Does the trust expect to pay the upcoming dividend interest for TODHA?
A: The Align Board is unable to comment on this at this stage as it is dependent upon discussions with the lessee/Administrator.

If timbercorp breaks current long term lease, is timbercorp legally liable for early lease termination fees?
A: No. Under insolvency law an Administrator can disclaim a lease.




PROPERTY VALULATION



When does the trust expect to revalue the properties?
A: The next directors revaluation is due at the next reporting date – 30 June 2009.