“memorial mews” bowen project update Feb 2013Development funding approved.

Site works contract commenced.

Demolition works application approved.

Operational / civil works set to commence shortly.

Market Overview:

Bowen basin has attracted a lot of infrastructure

spending from the federal government in

regards to the Abbott Point Port expansion as of

late. The effects of this are expected to translate

into the housing market this year. Growth in

corporate action and mining developments

in the area are thus likely to increase

significantly. With the continued demand for

energy (including coal, a major export of this

region) and other raw materials coming out of

Australia’s still rapidly growing trading partners

China and India, we see a significant opportunity

for substantial growth in this local region.

Moreover, the Bowen local property market

can be seen to be resurging after cooling off

following the global financial crises. Realestate.

com.au reports a 62.5% annual increase in the

median price of units sold Bowen at the close of

2012, while RP data reports show the number of

house sales returning to a trend upwards with

house capital growth up 16%. Future Estate

anticipate property prices to grow in this region

going forward.

Project Update:

The contract was fully executed with Bloomer

Construction during December 2012, with the

project commencement in the middle of January

after the Christmas shutdown period.

From the execution of the contract, Bloomer

Construction has been busy working through the

detailed design needed for construction. Bloomer

has lodged the Demolition Approval and received

a permit granted by the local council. They are now

expecting to lodge for full Operational Works and

Building Approval within the coming weeks.

Full scale site works are expected to commence

upon receiving the Operational Works and Building

Approvals, which is expected to be due in early

March. Preparation and the disconnection of

services has commenced for the site and it is now

ready for demolition.

AT A GLANCEOverview: 22 townhouse development

Location: 6 Brisbane Street, Bowen,QLD

Forecast Construction Completion: October 2013

Fund Objective: The development and construction of a townhouse project to provide wholesale prices for investors

Current Status:

Funding approval in place

Building contract executed

Site works commenced

Project team mobilised

Market update:

Australian residential market has bottomed and is now growing

Capital city median house price grew by 1.6% in Q2012 (RP Data)

Adjoining proposed development offers potential improvement of streetscape

Anecdotally, market sentiment is on the rise

“memorial mews” bowen project update

Jan JanDec DecFeb FebMar Apr May June Jul Aug Sept Oct Nov

Completion of BA Drawings

Development Permits

Construction

Settlement of Sales

Strata Titling

Forecast project timeframe

Bowen Floor plan

Important noteThis Investor Update document contains general information relating to the Lynter Group Bowen Residential Development Trust (Trust) and does not contain personal advice or financial product advice. This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on this information and making financial decisions, you should consider whether this information is appropriate for you and are recommended to seek independent financial, investment, tax and/or legal advice having regard to your own objectives, financial situation and needs. Any forward looking statements and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. The Trust is subject to various risks, including property industry risks and development and construction risks which may affect the performance of the Trust and investor returns. Accordingly, there is no guarantee that the Trust will complete the development within the timeframe forecast (or at all), and there is no guarantee that forecast or targeted investor returns, and/or returns of capital invested, will be achieved.