Selected Valuations and Related Assignments Client Business / Asset Role Felix Resources Limited Coal mining operations Independent expert’s report on a merger of the coal interests of White Mining and Felix Resources MPI Mines Limited Gold and nickel operations Valuation advice to the Directors on the value of shares in Leviathan Resources Limited in relation to a capital reduction and spin off of gold assets GasNet Trust Regulated natural gas transmission assets Independent expert’s report on the restructuring of the GasNet group to form a triple stapled security Peter Lehmann Wines Limited Winemaking operations Valuation advice to the Directors in relation to a takeover offer by Allied Domecq PLC that was eventually overbid by an offer from Hess Group Advance Bank Limited Banking and funds management operations Independent expert’s report on a merger by Scheme of Arrangement with St George Bank Comalco Limited Bauxite, alumina and aluminium operations Independent expert’s report on a takeover offer by Rio Tinto Limited Rock Building Society Building society operations Valuation advice to the Directors for general corporate purposes Caltex Australia Limited Petroleum refining and distribution Independent expert’s report in relation to a proposal to acquire the remaining 50% interest in Australian Petroleum Pty Ltd from Pioneer International Limited Tethyan Copper Company Limited Copper mining Valuation advice to the Directors in relation to a takeover offer by Skafell Pty Ltd that was eventually overbid by Antofagasta PLC Metway Bank Limited Banking, insurance and investment operations Independent expert’s report in relation to a merger of Metway Bank, SUNCORP Insurance and QIDC by Scheme of Arrangement Unilever Australia Limited Brand names and intellectual property Valuation of the brand names and intellectual property owned by Unilever Australia’s consumer products business including the Bushells, Robert Timms, Rosella, Seakist, Rexona, Streets, John West, Flora and Daffodil brands Bank of Melbourne Limited Banking operations Independent expert’s report on the acquisition of Bank of Melbourne by Westpac Banking Corporation through a Scheme of Arrangement Southcorp Limited Packaging, wine and industrial operations Valuation of the company’s business operations in North America including NAMPAC, the Goyen Controls pollution control business, the American Water Heater Group and PWG Vintners WESFI Limited Building materials Independent expert’s report in relation to the takeover offer by Bristile Limited QNI Limited Yabulu nickel refinery and port operations Valuation advice for the Directors in relation to discussions with potential acquirers of the business Boral Limited Energy and building materials Independent expert’s report in relation to the demerger of Boral into two separately listed companies for its energy and building materials businesses Tyrrell’s Wines Winemaking operations Valuation advice for the Directors QCT Resources Limited Coal mining operations Independent expert’s report in relation to the joint takeover offer by BHP Limited and Mitsubishi Corporation Blue Seas Pearling Company Pearling business Valuation advice for the Directors AAPT Limited Telecommunications Independent expert’s report in relation to the takeover offer by Cable & Wireless Optus Shell Australia Limited Oil and gas Valuation advice to the Directors in relation to a merger proposal for Woodside Petroleum Limited Australian Consolidated Press Limited Broadcast television and magazines Independent expert’s report on the merger of ACP and Nine Network by Scheme of Arrangement AMP Society Coal mining investments Valuation of the Bayswater and Lakes coal mines in the Hunter Valley in relation to a possible merger with other coal interests Incitec Limited Chemicals and fertilizer operations Independent expert’s report in relation to the takeover offer by Orica Limited CVC Capital Partners Building materials Valuation of the Amatek building materials businesses in Australia and North America in relation to private equity exit strategies Challenge Bank Limited Banking operations Independent expert’s report in relation to the acquisition of Challenge Bank by Westpac Banking Corporation by Scheme of Arrangement Lend Lease Corporation Port operations Valuation and capital structure advice in relation to the sale of the Port of Geelong Ampolex Limited Oil and gas Independent expert’s report in relation to the takeover offer by Mobil Oil Howard Smith Limited Hardware business Valuation advice to the Directors in relation to the BBC hardware business Metal Manufactures Limited Building materials Independent expert’s report on the sale of the cable businesses to BICC Plc Consolidated Press Holdings Limited Magazines Valuation of brand names and intellectual property for management information purposes Foster’s Brewing Limited Beverages Independent expert’s report on the selldown of a major shareholding Commonwealth Bank Limited Infrastructure assets Valuation advice in relation to investments in Interlink Roads Pty Ltd and the M5 Southwest Motorway MMI Limited Insurance Independent expert’s report on a selective reduction of capital NRMA Limited Motoring group and insurance Independent report on the proposed demutualisation of the NRMA Group Parbury Limited Building materials Independent expert’s report in relation to the takeover offer by Atkins Carlyle Limited Coal & Allied Industries Limited Coal mining operations Independent expert’s report in relation to the takeover offers by Rio Tinto Limited and the vending in of Hunter Valley coal mining interests by Rio Tinto Limited RGC Limited Diversified resources operations Independent expert’s report on the merger of RGC Limited and Westralian Sands Limited by Scheme of Arrangement