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In House Shipping Company for Ravensdown Limited of Christchurch Ravensdown Shipping Services Pty Ltd Melbourne Established February 2011

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In House Shipping Companyfor Ravensdown Limited of Christchurch

Ravensdown Shipping Services Pty Ltd MelbourneEstablished February

2011

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Contact

“The Shed”, 144 Ferrars street,South Melbourne, Victoria 3205,Australia Tel +61.3.96821259

Email:[email protected] [email protected]

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Primary Trades

• Primary trade in-house fertiliser cargoes to New Zealand sourced from worldwide origins followed typically by logs, scrap, iron ore sands or coal from New Zealand and various export commodities from Australia, grain, scrap, steel, concentrates, alumina, salt, coal, iron ore, sugar, gypsum etc..

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Cargo carried to date

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Turnover

• 2011 - Au$ 19 million (feb/may)• 2012 - Au$ 165 million • 2013 - Au$ 130 million• 2014 - Au$ 122 million• 2015 - Au$ 115 million

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Bunker Suppliers/Brokers

• Cockett Marine• World Fuel Service• Universal Bunkering• Peninsular Petroleum

We have credit facilities with all major bunker suppliers.

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P and I Club

• Full entry with Gard

• Also entered for delay insurance with The Strike Club

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Bankers

• National Australia Bank Ground floor, 500 Bourke Street, Melbourne, Victoria 3000 Australia

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Ravensdown Limited

• Created by farmers in 1977 in Dunedin focusing on fertiliser manufacture and sales in the south island• 1997 expand into NZ north island• 2008 expand into Australia• 2013 exit Australia market to focus

solely on core business in New Zealand

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Fertiliser Sales

300

600

900

1,200

1,500

1,800

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

NZ AUSFertiliser sales (thousand tonnes)Total fertiliser purchase

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Turnover and Tonnage 2015

$NZ 716 million1.23 million tonnes

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Total Equity

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Total Adjusted Equity(NZD'000)

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Superphosphate Plants

AwatotoHornby

Ravensbourne

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Awatoto

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Hornby

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Ravensbourne

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WebstersBrown’s

Greenleaf

Ngarua

Dipton

White Rock

Geraldine

Supreme

Waikaretu

Westport

Windy Point

East Cape

Mata

Te PahuLime Quarries

Largest aglime provider in New Zealand

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Store Network

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Ground Spreading Spreading Northland (4)

Spreading Waikato (1)

Spreading FBT (10)Spreading Sandford (12)Rural Bulk Spreading (6)

Rae Brothers (3)

Spreading Canterbury (9)

North Otago Ground Spreading (2)Advanced Spreading (5)Spreading Southland (3)

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Aero Work

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Aero Works

• Successful consolidation of assets of Taumarunui Aerial Co-operative (TAC)

• Complete fleet now contains–12 Crescos– 2 Fletchers for fixed wing

• Strengthened aerial service to area with 75% Ravensdown shareholders

• Commenced - June 2011

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Urea/Multipurpose Silos

14 tonne capacity Minimum ground clearance under silo 2.4m Internal clearance between legs 3.2m Sealed lockable shut off mechanism Concrete block supplied with silo or can be bolted to concrete base

Over 1,100 installed on farms

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M/V CRYSTAL PALACE

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M/V TOPFLIGHT