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Jacaranda - Next Steps

The property will be available for occupancy on 18th January 2008. Shareholders will be required to secure their entitlement to a unit share or shares with a deposit of A$10,000 per unit share, followed by the balance of the unit share price to be paid within 1 month of the initial deposit or before first occupancy, whichever is the earlier.

For further details and to register your interest, please contact:

John Smith:              (+61) 0409 372 975
Geoff Baars:              (+61) 0404 826 888
Email:                      enquiries@leisurenetproperties.com.au

Or to submit contact request details

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Declaration

This document is intended to provide an overview of the opportunity to acquire a share or shares in the “Jacaranda” property. The shares available are held in an Australian registered company known as Jacaranda PropCo Pty Ltd, ACN 127 332 254.

Investors should undertake their own independent investigations and due diligence in all matters relating to their decision to invest in and take up shares in companies established by LeisureNet Properties.

LeisureNet Properties presents in good faith the opportunities for investment in shares in the companies established by LeisureNet Properties. However, LeisureNet Properties and its officers and staff accept no liability whatsoever except that available at Australian law for the consequences of an investor electing to purchase a share or shares in any company established by LeisureNet Properties.