Ann:Octaviar dividend declared (Price Sensitive), page-24

A brief history of ARLARL was incorporated on 8 August 2012 as an unlisted public company. On 4 September 2012, ARL was assigned various mortgage assets by the Premium Income Fund ARSN 090 687 577 (PIF). ARL was also assigned PIF's interest in the benefit of the Proof of Debt in Octaviar Limited and Octaviar Administration Pty Ltd. In consideration for the assignment of the above noted assets and associated liabilities ARL issued 830,532,768 shares to PIF, which then made an in specie distribution of the ARL Shares to PIF unit holders. On 18 December 2012, PIF assigned to ARL the remaining 40% debt and charges over six companies referred to as The Forest Resort companies. In consideration for these assigned assets, ARL issued a further 150,025,399 Shares to PIF. Between 2012 and 2015, ARL realised the security associated with all of its mortgage assets. These asset sales as well as money received from Octaviar Administration Pty Ltd, enabled ARL to make capital returns of approximately $9.8m in December 2014 and $8.8m in July 2015. On 11 September 2015, the Board of ARL was replaced at an Extraordinary General Meeting of ARL Shareholders. The Board has been working with third parties to complete the realisation of the assets of ARL. On 8 December 2015, ARL consolidated its Shares on the basis that 200 old Shares were consolidated into 1 new Share. Following that consolidation, ARL now has 4,905,441 Shares on issue. On November 2016, ARL was listed on the National Stock Exchange of Australia (NSX)Is ARL a listed Company?ARL is listed on the National Stock Exchange of Australia (NSX)Did the Premium Income Fund receive any money from the sale of any ARL assets?No, ARL acquired, via an assignment, select assets owned by the Premium Income Fund on 4 September 2012 therefore the proceeds from sale of these assets belongs to ARL not the PIF.Will ARL pay a distribution and when?ARL does not intent to make any further distributions, this position may change in the future.