Quarterly Jan 2014OAKAJEE Padbury has continued its discussions...

Quarterly Jan 2014

OAKAJEE

Padbury has continued its discussions with potential investors, construction contractors, engineering
and environmental consultants as well as key stakeholders including the Midwest community, in its
endeavours to establish the Oakajee port and rail network. It has also engaged extensively with
government as it provides the authority for the construction of any railway within the State.

During the quarter management visited Korea to hold discussions with potential EPC contractors
and investors including pension funds and government owned investment entities. Keen interest
was shown by major pension funds and government investment agencies with over $400 billion in
assets under management. These corporations indicated a preference for investing in projects
involving Korean EPC contractors. In addition, Padbury promoted the project to a number of private
investment institutions in Korea.

Management is currently working on visit programs for those EPCs which have indicated an interest
in progressing the Oakajee project.