Mesoblast is a biotechnology company committed to the commercialisation of a unique adult stem cell technology with specific application in the regeneration of bone and cartilage. The technology has already achieved outstanding results in recent in vivo studies.

Mahogany Notes provide investors with the prospect of an enhanced interest yield subject to the performance of a Portfolio of 150 Investment Grade entities. The payment of interest and the repayment of principal on Mahogany Notes may be affected by Credit Events in respect of entities in the Portfolio.

The IBT Group originated in Perth in 1994 with the establishment of PIBT(Perth). The Group now operates in major mainland capital cities in Australia, and internationally in the UK and Africa with affiliated operations in Sri Lanka and Indonesia.

Anzon Australia has an established strategy of acquiring defined oil and gas fields and bringing them to production to create a cash flow upon which a comprehensive oil and gas company can be built. The Company was established in December 2003 to acquire a portfolio of oil and gas fields in the Gippsland Basin, Bass Strait.

Po Valley Energy was established in 2002 to acquire, explore and develop hydrocarbon prospects in Northern Italy. It now holds a portfolio of gas interests in the Po Valley that comprise development projects and exploration targets. The Po Valley is a significant hydrocarbon province. The Company has several projects that it is seeking to drill and, if viable, initiate gas production in late 2005. Exploration of other targets offers the potential to increase the Company's reserve base.

Brainytoys corporate aim is to position the Company as a significant and profitable participant in the world's toys and games market, with a broad range of products covering key segments of these markets. The offer of Shares provides investors with the opportunity to participate in a dynamic industry characterised by low barriers to entry and high margins for innovative products.

RBH has agreed to acquire 100% of Real Brand&Business Pty Limited [Real Brands], which is, in my opinion one of those companies that is right for the time and has a sound basis for a very positive future. Real Brands is an expert in interpreting and extending brands. The work of its founder Virginia Bruce has been recognised globally and her track record in assisting clients such as Warner Bros and Mattel speaks for itself.