***** wooooooooooshka **********, page-2

For a capitalisation under 3 million this company looks great!!!

From the CHP half-yearly just released.

2. VENTURE CAPITAL ACTIVITIES

Nu-Lok Roofing Systems

During the reporting period, the company acquired a further 10% shareholding in Nu-Lok Roofing
Systems Pty Ltd, making a total holding of 20%.
Following successful local operations, the company has expanded overseas and now operates in
Ireland, United Kingdom and the USA. The Nu-Lok Roofing System is a combination of a patented,
unique roof fixing system which uses exclusive Nu-lok ceramic slate tiles or natural slate. It is used
mainly for prestige new homes and for restoration of roofs on upmarket old properties, as well as
churches and public schools in the U.K.
The Nu-lok roof is substantially more efficient and structurally stable, whilst providing, durability,
weather resistance and easy maintenance. Further information and product enquiries on the patented
Nu-Lok Roofing System is available on the website www.nu-lok.com.

Smash Music Pty Ltd

The company has made a nominal investment in the share capital of Smash Music Pty Ltd which is
an Australian based International Promotional and Distribution company involved in the Popular
Music Industry.

The Beverage Box Co Pty Ltd

Chapmans has entered into a conditional agreement with The Beverage Box Co Pty Ltd, a Victorian
private company. Chapmans will be entitled to acquire an equity interest in The Beverage Box Co,
which is the holder of intellectual property covered by patents in respect of the storing and
dispensing of carbonated beverages for domestic and commercial uses. The company is informed
that The Beverage Box Co is in discussions with a major packaging group. If the interest will be
acquired after due diligence is completed, the investment will be in the region of $500,000, which
will be satisfied in large part by the issue of shares in Chapmans at eight (8) cents each.

3. INVESTMENTS

Alexanders Securities Limited (ASX code "ALE")
Chapmans still has a substantial shareholding in another company listed on the Australian Stock
Exchange - Alexanders Securities Limited. That company recently finalised the acquisition of 75%
of Stem Cell Technologies Ltd. Chapmans believes that the product marketed by SCT under the
trade name “CellSense” has not yet reached its full potential but with proper management and
financial controls which are being put in place, significant returns should be obtained in future.
Activitas Investment Group Ltd

The company has made a small investment in an active share trading company, Activitas Investment
Group Ltd. Whilst profitable share trading was quite easy in the past twelve months, and returns
over 25% have been achieved, Directors believe that the trading formula utilised will work well in
any market,

Chapmans continues to examine investment opportunities where either early cash flow or asset
acquisition can be identified.