Shareholders are entitled to a 5% discount off the listed purchase price of any residential lot at the company's developments;
There is no minimum number of shares required for shareholders on the share register at 1 December 2000, who continue to be shareholders after that date;
New shareholders after 1 December 2000 must purchase and hold a minimum number of 5,000 shares for at least 12 months before purchasing a lot to qualify for the discount;
There is no limit to the number of lots which a shareholder may purchase under the scheme, subject to any statutory restrictions;
The shareholder discount is 5% per lot. Joint holders are counted as one for the purpose of the discount;
The shareholder discount applies to the list price only and does not apply in addition to other advertised discounts;
The shareholder discount applies in addition to landscaping and fencing rebates, where available;
No shareholder discount card will be issued; purchasers need only declare themselves as qualifying shareholders at the time of purchase to be eligible to apply for the discount;
Shareholders will receive an exclusive opportunity to purchase lots under future pre-releases before those stages are released to the general market;
The shareholder discount scheme does not apply to combined house and land packages.
The Company reserves the right to administer the scheme at its discretion and alter the above terms and conditions without prior notice. Shareholders will be advised of any changes by lodgement of a notice at the Australian Stock Exchange and subsequently in the company's regular reports to shareholders.
