Prime Trust Action Group Unitholder Update No. 25 – 24 July 2014...

Prime Trust Action Group Unitholder
Update No. 25 – 24 July 2014

Breaking News – Litigation Funding
As investors will recall,we had been concerned for some time that many of the legal actions
which had been originally identified by the Prime Trust Action Group
would be unable to proceed due to a lack of funding. We are now delighted t
o report that a litigation funder has been secured to prosecute
the Management Rights Claim.
A Funding Agreement has been executed between
the Liquidators and a litigation funder (LCM Litigation Fund Pty Ltd, “LCM”).
We also note that, subject to further due diligence, various other claims
(including potential claims against xxxxxxxxxxxx and various Lend Lease subsidiaries)
may also be pursued by LCM under the Funding Agreement.

Regards,