pif related news, page-3

Creditors Meeting Update:Please refer to the NSX for Deloittes Circular to creditors, Seamisty::::::
Octaviar Limited (In Administration), Octaviar Administration Pty Ltd (In Administration)
Wellington Capital Limited as responsible entity for the Premium Income Fund attended the second creditors
meeting of Octaviar Limited and Octaviar Administration Pty Ltd on 17 December 2008.
A copy of the meeting material follows this announcement.
Wellington Capital Limited as responsible entity for the Fund was admitted to vote at the creditors meeting
for Octaviar Limited for $197.5 million of the $203 million claimed against Octaviar Limited and for $130
million of the $203 million claimed at the Octaviar Administration Pty Ltd creditors meeting.
The creditors of each of these companies resolved to proceed with the Deed of Company Arrangement
proposed by Fortress in relation to each of Octaviar Limited and Octaviar Administration Pty Ltd.
Wellington Capital Limited as responsible entity for the Fund supported the Fortress Deed of Company
Arrangement because it is the view of the board that this would be in the best interests of unitholders in the
Fund.
The Public Trustee of Queensland in court before McMurdo J today has foreshadowed a challenge to the
Deeds of Company Arrangement agreed to by the creditors yesterday for Octaviar Limited and Octaviar
Administration Pty Ltd.
A hearing date for the challenge of the Deed of Company Arrangement has been set down for 6 March 2009
in the Supreme Court of Queensland.