Patrick Rozan

Palladium Funds Management Group Limited ACN 059 645 653

Information Memorandum

Investment

Unsecured Notes Issue

This Information Memorandum is not a prospectus. It is not required to be lodged with or reviewed by the Australian Securities and Investments Commission.

Potential investors should obtain their own independent advice and make their own assessment of the investment described in this Information Memorandum.

11th May 2008