NOV08-07

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Monitor The

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Volume 4, Thursday 8th November, 2007

$11.5 M FOR MYALL GROVE The Roxby Downs Myall Grove Caravan Park has just changed hands, selling for $11.5 million plus costs. New owner, the Aspen Group, is an ASX listed property investment and funds management group. It is one of Australia’s largest ASX listed companies, managing assets worth more than $1.2 billion. The group owns and manages a portfolio of eight commercial property assets spread across the commercial, industrial and retail sectors. The Myall Grove Caravan Park was purchased by the Aspen Parks Property fund, which invests in the holiday and accommodation park industry. In an ASX announcement the Aspen Group said the purchase of the Myall Grove Caravan Park and a seven park portfolio in Victoria and NSW would bring the number of properties owned by the fund to 26, worth a total of $218 million. “The Myall Grove park at Roxby Downs comprises 264 sites, providing largely permanent and semi-permanent accommodation for workers at the nearby Olympic Dam mine, one of Australia’s largest mine sites owned by BHP Billiton,” Aspen Group Managing Director Angelo Del Borrello said. “The strong demand for accommodation in the town underpins the high level of occupancy at the park resulting in a sound yield from Myall Grove. “The potential for expansion at Olympic

Dam provides an opportunity to enhance the park’s yield in future years”. “We are delighted to have acquired such diverse assets which provide the Fund with a good mix of permanent and tourist sites across several locations. “These new acquisitions will further enhance the unique nature of the Fund and the strong brand Aspen Parks has created in the sector. “Aspen Parks has been an outstanding success since its inception in June 2005, with an average annual total shareholder return of over 19 per cent,” he said. Here in Roxby it should be business as usual for Myall Grove residents, with interim manager Hazel Lee stating there will be no change in the day to day running of the park. “Everything will stay the same,” Mrs Lee said. “We’ll be here until new managers, probably a husband and wife team, are appointed,” she said. The Myall Grove Caravan Park was formerly owned by Defcon Pty Ltd, the company that built the park. Originally intended to accommodate the 50 - 70 families that were living in an interim park at Olympic Dam, where Camp One now stands, Myall Grove was built in two stages, with construction on the first stage commencing in 1997. The sites were built around existing trees so the park could be divided into street allotments and converted to housing blocks if not required anymore.

Above: The 2008 Beijing Olympic Games mascots proved a huge hit at the BHP Billiton Family Fun Day at the weekend.

For more photos from the BHP Billiton Fun Day, see pages 7 and 8.

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