Authorised Investment Fund Limited ABN 51 068 793 322 Level 10, 406 Collins Street 3000 Telephone: 61 3 9600 3242 Facsimile: 61 3 9600 3245

April 16 2011

Australian Stock Exchange Limited, Level 4,North Tower, Rialto 525 Collins Street, Melbourne 3000.

STOCK EXCHANGE ANNOUNCEMENT

The company is a substantial shareholder in Speedpanel Australia Limited. We have received the attached shareholder announcement from Speedpanel. This announcement will be of interest to our shareholders.

Kevin Thomas Company Secretary

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Speedpanel Australia Ltd.

Shareholder information update.

March 2012.

Speedpanel is pleased to inform its Shareholders that despite difficult building industry conditions we have managed to increase our sales in the first 9 months of this financial year by 95% over the same period last year. The forward projections are for this trend to be maintained for the remaining three months of this financial year.

Our sales forecasts are projecting continued high growth in the coming Financial Year, subject of course to the vagaries of the building market.

Our development of the 51mm and 64mm panels is well underway and could be available with certification for the market as early as October this year, these panels will impact into a market where we are currently not represented, therefore providing even greater sales growth than currently forecast.

Our profit projection for this Financial Year to June 2012 is on track to be approaching $1,000,000 and due to the prospect of increased sales for the coming Financial Year we are seeking additional factory space to keep up with expected demand.

With the ever growing list of Major projects around Australia specifying Speedpanel the future looks very bright and we are looking forward to many years of sustained substantial growth.

Gold Coast University Hospital (Lend Lease)

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Western Bulldogs Gymnasium Icon Projects:

� – Grocon � Melbourne Convention Centre – Brookefield Multiplex � Melbourne University Commerce Building – Probuild � Channel 9 HQ 717 Bourke St Docklands – Probuild � Media House (“”) – Grocon � – Grocon � Vodafone Arena - Theiss � Australian Tax Office ­ Built � AAMI Stadium – Grocon � Western Bulldogs Headquarters Redevelopment – Contract Control � ANZ Tower – Castlereagh St – Grocon � Crown Casino Melbourne – Baulderstone � Adelaide Desalination Plant – Abi Group � Princess Alexander / Mater / Cairns – Hospitals – Abi Group � Star City Casino Sydney – Brookefield Multiplex � RMIT – Brookefield Multiplex � Darwin Waterfront Carpark – John Hindmarsh � Gold Coast University Hospital – Lend Lease � Convesso – Lend Lease � CH², landmark City of Melbourne Green building­ Hansen Yuncken

Major Builders currently using Speedpanel:

� Grocon Rectangular Stadium Melbourne � Bovis / Lend Lease � Brookefield Multiplex � Abi Group � Probuild � Hansen Yuncken � John Hindmarsh � Baulderstone � Hickory � John Holland / Theiss � Kane � Watpac � Built

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