prime retirement & aged care property trust pds 2003 supplementary

8/4/2019 Prime Retirement & Aged Care Property Trust PDS 2003 Supplementary

http://slidepdf.com/reader/full/prime-retirement-aged-care-property-trust-pds-2003-supplementary 1/20

PROPERTY RUST

Higtryieldingsecured irectproperty nvestment.I009i/oax advantagedistributions

&HE PRIMEGashDistributionsfrom

10.0o/o"PaidMonthly

. LargestProperty rust of itnskind

. Estalrlished 001

' Singlepurposeassetclass

. LongTerm eases 20years)established perations

y' Income is paid monthlyrdR't""rsx

r' Suitable or both private nvestorcand Super Funds/ Noentryfeesr' lnvest rom ust $10,000

The PrimeRetirementndAgedCareProperty rusthasbeencreatedo facilitate edicatedinvestmentn oneof Australia'sastedgrowing roperty ssetclassesretirement nd agedcarefacilities.

It is the objective f the rust ogrow he undwith urtheracquisitionss deemed rudent y the

Directorsf theResponsiblentity ndas such eturns ndyieldsmayvary.

Anyone ishingo apply or Units n he rustmust ompleteheapplicationorm ntheProduct isclosuretatementated {tth ugust 003. oobtainmoreinformationontact itherNeilBurnardr rineKlar

lEIKEbbel-t rnvestmentBanx

Level 75 1132 rthur StreetNorth Sydney NSW 2060

Ph:02 9$290900 Fax:0299290988e-mai [email protected]_ln.u www.{ebbel. om.au

Kebbel has comp ed this document as an information summary only. Thissummary document does not form part of the pDS or thePrime Retircment and Aged Care Prcperty Trust, Investors must read and rely on the Produd Dlsdoser Document when making adecisionto invest.

Distriibutions



Income Distr ibut ionsMonthlyncome istributionshownas cenlts erunit,whichcontinue o be lQQo/oax advantaged,ogeilrerwithanaccumulatedannualised ercentage*eturn reas follows:

11 . 0 0

10.50

10.00

9.50

9.00

Jul- Aug-Sep- Oct- Nov-Dec-Jan- Feb- Mar-Apr-03 03 03 03 03 03 04 04 04 04

Month

Update uly 04

trL

=o

Ee

lvlay-

04

Ju n-

04

Theslightall nyield inceNovember003 n hepreviousquader assince ormalisedssetilementn urtheracquisitionsuch s heBuderimevelopmr=ntoes hrough.

Capital Raised o DateTotal apitalnvestmento date asat g July04) s$s7.s2mill ion ithanaveragenflow f$4.5mill ion ermonth. hetotal ebtof heTrustscurrently39.Smill ironndcash s at$7.3mill ion endingettlementsn heBuderimndSunburypropertiesseebelow).

New Property Acquisitions- BuderimTheBuderim roperty assettled n30April. ince hen t hasbeenaptly amed uderim

ardens etirementil lageo bemanaged y heDirectorsf he Responsibl,entity.t sprojectedhat ncomerom he Buderim roperly illdouble re-acquisitionotalpropertyncomen henext woyears, ushingoverall ieldsntodouble igit igures.

Jan 04 Feb04 Mar04 Apr04 May04 Jun04

0.80c 0.79c 0.79c 0.79c 0.82c 0.83c

10 .01% 9.95% e.90% 9.86% 9.86% 9.87o/o-Theremay eslight ariationsndistributionpercentageetumsue o oundingo wodecimaltaces.

*".",JJffff-----7l$un{rV

*-**'*

R::,^,.^^Jcr**cbu"r

\ lMdton (.Eacctus Ma/sh. \

i



NewPropertyAcquisitionsGont...- SunburyWe arepleasedo announcehatsettlementn heSunburyproperty ccurredn 30 June.

Al lpropertiesurrentlyeing easedo Primelife il lbe

undergoingullmaintenancend efurbishment.s of30 Juneall

propertiesrealsocurrentlyndergoingfull evaluation.e

should avemorenformationn henextupdate.

SupplementaryroductDisclosure tatementPDS)

A SupplementaryDS s nowavailable.heSupplementaryDS

is a supplementaryocumenthichncludespdatednformation

to hePDSdated 5August 003.

Youcanobtain copyof heSupplementaryDSby contactingyour inancial dvisor r byvisitinghePrimeRetirementrust's

website ww. rimetrust.om. u.

A new esearcheportwillalsobe availablehortlyo accompieny

theSupplementaryDS.

Restructureof PrimelifeDue o recentpress eleases egardinghe restructure f

Primelife,t s mportanto emphasisehatPrimeli fe

Corporations a listedpublic nti tyon the Australlan tock

Exchange.t has no ownership r any ormof association itlh

the PrimeRetirement rustother han beingan arms ength

tenant o some of the villagesownedby the Trust.Theseare

all heldon long eases asedon commercialerms.

The leasesprovide ha t n the eventof a default romPrimelife,

all businessassetsautomaticallyevert o theTrust.

Management f thevil lages anbe mmediatelyakenoveror

anotherprofessional anager an be appointed y the Trust.

It seems hat he new controlling hareholders f Primelife r,e

undergoing'cleaningup'process egardinghe development

projects nheritedhroughPrimelife'sounderMr Ted Sent.

On this basis, he Responsible ntitywill be reviewingutureManagement greements ith otherpartiesother han

Primelife,with he view of reducing ts dependence n one

Licensee.

Redemption Policy

In responseo the ackof liquidityn

the Trust, he Responsible ntityhas

implemented Redemption olicy

and amended he Constitution f the

Trustaccordingly.

The Redemption riceof eachunit

will be the NetTangible ssetof the

Unit essany ransactionostsand a

5% redemptionee .Redemptions

can be madeat any imeby giving

notice n writing.Redemptions i llbe

madewithin21 daysafter he endof

the monthof receiptof the nottce f

thereare sufficientiquidassets.

Moredetailednformation n the

Redemption olicy an be found nthe SupplementaryDS dated5 JulY

?004.



The Prime Retirement & AgedCare PropertyTrust,:,ARSN037 514746

'SupplementaryProduct OisclosureStatement

To be read n conjunction ih ThePrimeRetirement AgedCareProperty rustProductDisclosure htemgnt

dated5August003

The PrimeRetirr=ment AgedCareProperty rust

ARSN 097 514 -,746SupplementaryProduct isclosure tatement

ResponsiblentibtAustralian roperty ustodian oldingsimitedABN 74 O95474 '136

FSRLic.No.226692

To be read n conjunction ithThe PrimeRetirement AgedCare Property rustProduct

Disclosure tatement ated 5August 003.

This Supplementary Product DisclosureStatemenl dated 5 July zOM, is a supplementarydocurnrenthat

provides updated nfrrrmationo that ncluded n he ProductDisclosureStatementdated 15 August2003 for The'prime

Retirement & Aged Care Property Trust issued by AustralianProperty Custodian Holdings Limited

("Product D sc los u e Statement).

This SupplementaryProduct DisclosureStatements to be read ogetherwith he ProductDisclosureStatement

dated ii Ausust'2r0O3 andprevailsover tto the extentof any inconsistency. The AustralianSecuritiesand

lnvestments ommission akesno responsibilit ys o itscontents'

ThePrimeRetirementAgedCareProperty rustARSN 97514746

SupplementryProduct isclosuretatement



TFre Frirne Fletirernenr( O Aged Care Froper{y Trust

ARSN 37514746Supplementaryroduct isclosuretatement

To be read n conjunction it hThe PrimeRetirement Aged Care Propelrt'1TrustroductDisclosure tatement

dated15 August2003

CONTENTS

Section lPage

THEPROPERTIES ." . . . . . '

REDEMPTIONF: NITS . . " . .3

cusToDlANSHlP. . . .. . . . . . . . " '

FACILITY ANAGEMNT .. . . . . . . . . '

ASSUMPTIONSOTHEPROJECTEDISTRIBUTIONI'ATEMENT .. . . . . . . . . .6

F INANCIALNFORMATION . . . " . " . .7

PROJECTEDIS;TRIBUTIONTATEMENT ." . '7

STATEMENTFFINANCIALOSIT ION. . . . . . "

PRO-FORMAISTRIBUTIONTATEMENTITHAPNFUI'JDN\/ESTMENT ... . .

PRo-FORMATATEMENTFPOSITION ITHAPNFUND NVE:STMENT

u* i ib ,hJuNE2gg5 . . 10

STATEMENTYDIRECTORS... . . . . . 11

GLOSSARY . . . , ,12

CORPORATEIIRECTORY ..."15

INSTRUCTIONSOAPPLICANTS .. . 6



ThePrime etirementAged are ropertyrustARSN 37514746'Supplementary roductDlsclosure tatement

To be read nconjunctionihThePrimeRetirementAgedCarePropertyrustProduct isclosuretatEmentdated5 August 003

1. THEPROPERTIES

Montclaire

Theacquisitionf the Montclaireacility idnotproceed ecause rctTttT'rercialermsbetweenthe elevant arties;ould otbe agreed.

TheTrusthasnowacquired further ropertynown s Buderim ardensRetirementiillage.

BuderimGardensRetirementi l lage

BuderimGardenswas purchasedor $23 million luscostsand s;ettledn 30thApril2004.The 62 acrepropertys 2 kilometresnlandromMooloolabandcomprises 00 housesn a

rainforeststate.

Buderims located92 km northof Brisbane n the mountains,ehind aroochydorendCaloundra.

The Retirement 'illage il lbe managed nd not leasedwhich s expectedo achie've etincomenexcess cf 3 million rth noverall ield xpectedobe n double igit igures.

An associatednlityof twoof the Directors f theResponsiblentitynamelyWilliam-ewski

and Knsmanaques),s responsibleor themanagementf the Rretirementillage ursuant

to a Management,Agreement.

In additionhe Rersponsiblentity as enteredntocontracts;o ac:quirehe balance f land

annexed o the f?etirement llage or $2.4 million lus costs and intends o developa

substantialgedCare acility n he andwhichwill omplimentheRt:tirement llage.

APNRetirement roperties und APNFund)

In 2OO3 he Trust made a scrip based takeoverbid f,or the,APN Fund which was

unsuccessful.

TheBoard as es;olvedo consider newbid or heAPNFundn hecominginancialtear.

2 . REDEMPTIONF UNITS

TheResponsiblentity asamendedhe Constitutionf the Trust o allow or redemptionf

units yunitholders.

Investmentsn threTrustmay be redeemed t any time b'ygivingnotice n writing o theResponsiblentitl. Redemptionillbe madewithin 1 daysafter he end of the monthof

receipt f thenotir:ef there resufficientiquid ssets n heTrusto make he edemption



ThePrime etirementAgedCare roperty rustARSN 037 51 4 74 6

Supplementaryrorduct isclosure tatement

To be read n conjunctionwithThe Prime Retirement& Aged Care PropertyTrustProductDisclosureStatement

dated 15 August2003

paymentn full. lf thereare not sufflcientiquid ssetswithinhe Trusto satisfy llreOemptionequestsn a givenmonthhe Responsibleltiqfwilldetermine hethero make

a proportionalalrment o-each

of the redemptionequestete:sr tc,defer edemptionntil he

toitowingmonth. The Responsible ntitymay also withrdrawhe redemptton ffer at its

discretion.

The redemption,rice f eachUnitwillbe the NetTangible,Assetalue f the Unit essany

transactionosts ncluding5o/oedemptionee.

Thepaymentf your edemptionanbe:

o fftade ya chequehat s sent oyourpostal 66rsss,3l '

e depositedoyournominatedccount t a bank r otherinancialnstitution.

Up o twobusine:rsaysshould e allowedor electronicransfers;o yourbankaccount nd

up o three usinerssays or an electronicransferoyourcredit nrionccount.

Whenmaking writtenequestor redemptionleaseememlrero.

r state our ullname

o gtipulatetreamount, r number f units ouwish o redeelm nd howyou would ike

tobepaid

. includeourdaytimeelephoneumber

c ?ndsignY'ourequest.

3. CUSTODIANSHIP

pursuanto the e:xpiry f the nitialermof theCustody greement ithStateTrustees tdon

13 July 2OO4he'Responsible ntitywillac t as its ownCustodiann accordanceithand

prrruaht o its Arustralianinancial eMcesLicenceermsandcrcnditions.ccordingly ith

effect rom13JulY 004'.

TheResponsiblentity ill old itle o thePropertiesnbehalf f theTrust;

All referenceso the "Custodian"n tre PrimeRetirement l\ged Care PropertyTrustproductDisclosure tatement ated 15 August2003will nowbe deemed o refer o the

Responsiblentilywhere he contexteferso ttreholding f tiueandcustody f Trustassets

includingheProPlerties;nd

Al l referenceso StateTrustees ctngas Custodianr to the Custody greementetween

the Responsiblentity ndStateTrustees reno onger pplicable.

4



The PrimeRetiremernt Aged CarePropertyTrustARSN 37514746SupplementaryProduct DisclosureStatement

To be read n conjunctionithThePrimeRetirementAgedCarePropefty rustProductDisclosure tatement

dated 5August 003

4. FACILIT\T ANAGEMENT

The Responsiblerntityhas determined ecauseof marketc()nditions nd in order tocontinue roMh lnd reduce ts dependencen one Licerrseehat t mayneed o enter ntoManagementgreements ithparties ther han Primelifen ceilaincircumstancesor themanagementf its facilities.Accordingly,ot all Propertie:; il lbre he subject f lottg ermmanagementnd lease contracts etween rimelife orporatiorrimited s manager ndlessee nd he Responsiblentity.

An associated ntityof twoof the Directorsnamely,William evleki nd KnsmanJaques),

of the Responsiblentitywith he requisitexpertiseasbeenest;ablishedor thepurpose f

actingas Manager f someof the Properties.OtherManagers re also o be consideredwhereappropriate.

UnderManagementgreementshe Trustearnsal l the operationalncome ess any eespayable o the tVlanager.ncome arnedby the Trust s expectedo be greaterunderaManagement greement. However here is no certainty f ia fixed paymentundera

Managementgreements opposedo a Lease.

In addition, he Trust is likely o generatedevelopnrentrofit by undertaking sset

enhancemento existingacilities r sites n circumstancelshere he Responsible ntity

considerst o be or the ong erm uture enefit f thehighes;tndbestuseof tsproperrties



ThePrimeRetiremerntAgedCareProperty rustAR.SN 37 514 746Supplementary roductDisclosure tatement

To be read n conjunctionithTh ePrimeRetirement,AgedCarePropertyrustProduct isclosuretatement

dated15August 003

ASSUMPTIONSOTHEPROJECTEDISTRIBUTIONTA.TEMENT

The Responsible ntity's istributionrojectionsavebeenprepared n thebasisof 'various

assumptions.nv'estorshould ppreciatehatmany actorswhichmayaffect esultsmaybeoutside he controlof the Responsiblentity r maynot be capable f being oreseenoraccuratelyrediclled. s such, ctualesultsmaydiffer rorn hese rojections.

Themoresigniflcantssumptionsreoutlinedelow-

1. Income r,omhe propertiesandunitsn heAPNF:undn F'ro-Formatatements)re

calculatedln accordance ith he Managementgrr:ementsr Leasesentered nto

by he Re:sponsiblentity.Z. (i) Tl-reMontclaireacility asnotacquired er:ause 1[ nacceptableommercial

terms.

(ii) Tl^reHeathglen ursingHorneagreement as been renegotiated nd is

subject to a development greementvrith F'rimelifeand will derive

de,velopmentrofitn ieuof rentduringhe2005and2006 inancialears,

(iii) Tl-re unburyacility as reconfiguredo a 51 bed icensed gedcar€!acility

witha reducedurchaserice ndcorresponclingent.

(iv) Tlre Buderim roperty illbe the subject f a developmentgreementor agO-bed gedbarb acility ndwillderivedeveloprrentrofit n the 20t06and

2ClO7inancialearsandongoingperationalncomel.

3. Annual ent eviews re ncreasedy3% or eachproperty;ncome rowth f 3o/o .a '

for propefties nderManagementgreements.

4. Interestiates uringhe orecast eriod verageT.Cto/o.rltT'l€acilities re ixedand

somearevariable ndcurrentlyverage '85o/o.

5. Responsible ntity'sees are to be calculatedn accordancewith the Trust's

Constrtutionndmaybe deferred ndpaid n futureperiods.Otherexpensesnclude

estimatesor accounting,uditing,ustodial,nd any€Xpr3l1s€sroperlyncurred ytheTrust nrespect f tsactivittes.

6. The Tax Advantagedomponents calculated n erllowarrcesermitted urs;uanto

the Divisircn0 anO gallowancesf the Income al :Asse:sSfi'lentct("TaxA'ct") nd

provision:sf the Actwhichpermithe amortrzatronf Establishmentnd Bo'rrowing

costs.



ThePrimeRetiremenltAgedCareProperty rustARSN 037 514 746Supplementar y roduct DisclosureStatement

To be read n conjunctionit hThePrimeRetirementAgedCareProperV rustProduct isclosuretatement

dated 5August 003

FINANCIALNFORMATION

Thissection etsoutdetails f financialnformationubjecto thenotedassumptionsor theacquisitionsy heTrustat hisstage.Future cquisitionsill hang€)rojectedeturns.

PROJECTED ISTRIBUTION TATEMENT

Setoutbelow re heTrust istributionrojectionsor hene)diveyearperiod,e lnancialyearsended 0 June2005 o 2009.

Financialear

CumberlandRiverwoodHeathglenHeathglenNHTannoch rae R\ /Tannoch rae HLitflePara

SummerwoodSunburyBuderim

TotalPropefi Income

Less Expenses

lnterestRE& Admin

TotalExpenses

Distributablenconre

d / Unit

Less TaxAllowances

Taxablencome

TaxAdvantagedomponent

2005

326418757

1 ,050423549636

9786613,300

9,098

2,751712

3,463

5,635

1 0 . 1

8,869

(3,224)l

100%

2006

336431780

1,050436565655

1,0O76815,899

11 ,840

2,7511,255

4,006

7,834

14 .1

7,363

(2,763)

100%

$'000s

",2007

34t544,3803

44,:9583675

1 ,0387016,631

11 ,669

2,7511,02'5

3,776

7,89,4

14.2

5,33

(207

100%

2008

356456827

462600695

1 ,0697224,255

9,442

2,751778

3,529

5 ,91

10 .6

4,912

794

87%

2009

366470852

4766 1 87 1 6

1 , 1 0 17444,383

9,726

2,751801

3,552

6 , 1 7

1 1 1

4,504

1 ,670

73o/o



The PrimeRetirement AgedCarePropertyTrustARSN O37 514 74G

Supplementary roductDisclosureStatement

To be read nconjunctionithThePrimeRetirementAgedCareProp,ertyrustProduct isclosuretatementdated15August 00:3

STATEMENT F FINANCIAL OSITIC)N

$ 'ct00s

Units n ssueAssetRevaluatiorr

Capital ccount

Current ssetsCashandCashEquivalents

IntangiblessetsTrustEstablishffierntostsBorrowing osts

FixedAssetsInvestmentsn Prrrperties

Totetl ssets

Less-NonCurrent iabilitiesMortgageoansSecured)

Unaudited3016104

55,291

55,291

Pro-Forma30/6/05

59,5005,300

64,800

Pro-Forma30/6/16

59,5009,300

68,800

7,300 3,300 2,400

4 ,8 1240

5,290192

5,290154

82.236 95.31 100,256

94,591

39.300

1 4 ,1 0

39.300

1 8,1 0

39.300

55.291 64.800 68.800



The PrimeRetirement& Aged CarePropertyTrustARSN O37 514 74 6

Supplementary roductDisclosure tatement

To be read n conjunctionithThePrimeRetirementAgedCareProperty rustProductDisclosure tatementdated 5August 00:3

PRO-FORMA ISTRIBUTIONTATEME:NTWITHAPN FUND NVESTMF.NT

$i 000s

Financialear

1. PrimeDistributablencomeAdd ncomerom75o/oPNFundUnits

TotalDistributablencome

2. @100% Pf\lFundUnits

TotalDistributablencome

d / Unit

NOTE

(l ) Theabov€rrojectionsrepredicatedn a cashbidof $2.55perAPNunit;

(ii) Theaboverrojectionsssume ebt unding f $7.5mlnd$10m espectively.

2005 2006 2007 2008 2009

5,635780

7,f3341,t i60

7,8941 ,605

5 , 9 1 31 ,658

6 , 1 7I ,710

6 ,41

1 ,040

9,394

2,080

9,499

2 ,140

7 5712,210

7,984

2.280

6,675

9.5

9 ,91

14.2

10 ,034

14.3

8,123

11 . 6

8,454

12.1



The PrimeRetiremernt Aged CarePropertyTrustARSNO3 751 474 6Supplementary roductDisclosure tatement

To be read n conjunctionithThePrimeRetirement,Aged areProprertyrustProduct isclosuretatementdated 5 August 00:3

PRO.FORMA TATEMENT F POSITIoNVI/ITH PN FUND NVESTMENT SAt 30th LINE2OO5

$ 000s

1 . @75%API{FundUnits

Capital /c

Representedy -TotalPrimeAssetsAdd A,PNUnits

TotalAsset,sLess Liabilit ies

@100% PNFundUnits

CapitalA/c

Representedy :-TotalPrimeAssetsAdd /\PNUnits

TotalAssetsLess Liabilit ies

2 .

1 4 ,1 016,500

104,1 022,OOO

:23,800

120,60046,800

_73,800

:Z9,B9q

126,000

_€!9q

76,800

1 0



ThePrimeRetirement AgedCareProperty rust

AF.SN OO 7 01+ 7+ G

Supplementaryrodutct isclosure tatement

Tobe eadnconjunctignih rhe primeRetirementAged areProperfirust roduct isclosuretatement

dated 5August003

STATEMENTYDIRECTORSThe Directors state that they have made all reasonableen_quiri€'s.nd have le?scrhabl€

groundsto betievethat al l statementsby Austalian PropertyCustodianHoldingsLtd in this

SupplementaryD$ are rueandnotmisleading.

EachDirectorhas consentedn writingo the issueof thisSupplenrentaryDSandhas not

withdrawnhatconS;€ht.

ThisSupplementanyDS is dated5 Juty2oo4and s signedor andon behalfof Australian

Propefi Custodianroldings imited y:

CEDRIC ICHARD ALMER ECKEYtrr^t trt\/tr n|RF:CTOR ,r'7EXECUTIVEIRE:CTOR

JOHN

1 1



Th e Prime Retirement & Aged Care Property TrustARSN037 5,t474 6Supplennentary Procluct Disclosure Statement

To be read n conjunction ithTh e PrimeRetirement Aged CareProperty rustProductDisclosure tatement

dated 15 August2003,

GLOSSARY

Applicant I a personor entitywhosubrmitsn Applicatiorrorm

| (ACNOe5474436)

Annual ee I annuatee or rentpilyable 'yLicensees

IunderhisSupplemerntaryDS

I

Application I an applicationor thesubscriptionf Unitsunder hisI SupplementaryDS;

Applicationorm I an npplication ormattachedo this SupplenrentaryI PDS

Applicationoney I money paid by an Applicanto accompany n

IApplicationorm

ASIC I Austratianecuritieslnd nrrestmentsommission

Acquisition I the acquisition f the Properties

APCHL I Australian roperty ustodian oldings imited

Australian inanciatervices icence the icence number) 2665)2ranted yASIC o the

or Licence r AFSLicence I nesponsibleEntity authorisinghe Responsible

Complianceommittee I thecomplianceommitteeor heTrust

Compliancelan I tnecompliancelanrr esperctf heTrust

Constitution I theconstitutionf theTrust

Corporationsct I theCorporationsct2001 Cth)

Custodian I State Trustees Limitedunttl 13 July 2OO4and

I Entityo oPerateheSichemr=.

IASX I Australian tockExchange-td

IthereafterheResporrsibleintity

Custodygreement I tne C)ustodygreenrentretweenhe Responsible

I fntityand heCustodianelertingo theTrustI

Deed I wtanagement ee'Cor l-ease entered into by

IPrimelifeorPorationtd

Directors I tn" directorsf heRespons;iblentity

Dollars r$ | dollarsnAustralianurrencv

1 2



ThePrimeRetirement AgedCareProperty rustARSN O37 514 74 6

SupplementaryProcluctDisclosureStatement

To be read nconjunctionithThePrimeRetirement AgedCarePropefty rustProductDisclosure tatement

dated 5August 003,

Financiers

Licensees

Loan

Manager

Management grerement

Primelife

Properties

Rent

Responsiblentihl

SupplementaryDS

means an)/ lender or banking nstitutionwhose ermsand conditions f finanr:e reacceptableo he Responsiblentity

Primelife Corportttion Ltd and/orr itssubsidiariesnd/or elated ntities

the loanobrtanedtry the Responsible ntityfrom Financierso facilitate ettlementf thepurchasef he Properties

Operator nd/orManager f a facility

a fee base'd greemento manage facilityenterednto ry he Responsible ntitywithaManager

Primelife Corporation Ltd and/or itssubsidiariesnd/orRelated ntities

Heathglenetirefil€rhtillageRivenvoodostelCumberlandiewNursingHome

Tannoch raeRetirementillageTannoch raeHostelLittleParaHostelSummenuoodeni'orLivingand HealthcareFacilitySunburySenior [-ivingand Health CareFacilityBuderim arclens letiement illageAPN RetirementProperttesFund (APNFund)

TheVillageWillietmstownPortPhillipAltonia

MewBankGardens RosannaKoorootang llage Mt MarthaMeadowak: illage Pakenham

annualee or rentpayable y Licensee:s

Australian Property Custodian HoldingsLimited ACN 095 474 436) being the

ResponsiblentitYf the Trust

this SupplementaryProduct Dist:losureStatement

1 3



The rime etirementAgedarePropertyrustARSN 37514746SupplementaryProdluctDisclosureStatement

To be read nconjunction ithThePrimeRetirement,AgedCareProperty rust Product isclosure tal'ement

dated 5August 00 3

TaxAct

Trust, chemer tJnit rust

lncome axAssessmentct

the unit tust constiturtedunder theConstitutionnownasThe PrimeRetirementand AgedCare PropertyTrust,ARSIN097514746

a Unitn heTrust

a person egistere'Js a unit holderundertheTrustConstitutic,nnd heholder f Units

1 4



ThePrimeRetiremenrtAgedCareProperty rustARSN 037 514 74 6

SupplementaryroductDisclosure tatenrent

To be read n conjunctionwithThe PrimeRetirement& Aged CarePropefi TrustProductDisclosureStatement

dated15 August2003

CORPORATEIRECTORY

Responsible ntitY

Australian roperty ustodian olrCings.td(ABN 4095474 436)(FSRLic.No.226692)

Unit5/3MyrtleStreetBrighton ctoria 186

Telephone:03)9{t92 511

Facsimile:03)95931116

Directors of the ResponsibleEnllity

JohnDeans

\Mlliam ionel eutski

CedricRichard erlrnereck

Kjnsman amuelfaques

MarkFrederict<utler

GomplianceCommittee

AndrewDonaldson

lanRichard ond

William ionel ewski

tllhairman

lvlanagingirector

li:xecutive irector

Itlxecutive irector

lltl n-Executiveirector

llxternalMember

ExternalMember

lntemal ember

Auditor f the Responsiblent i ty nd heTrustandCompliance lan

PitcherPaftners;

Level6161Collins treetMelbourne ctoria 000

Solicitors o the ResponsibleEntity

Madgwicks awyers

Level19535 BourkeStreertMelbourneictoria 000

1 5



ThePrimeRetirementAgedCareProperty rustARSN 037 514 74 6

Supplementary roductDisclosure tatement

To be read n conjunc,lionithThePrimeRetirement AgedCareProperty rustProductDisclosure tatement

dated 5August 003

INSTRUCTIONSOAPPLICANTS

Typeof Investor

lndividual

Us egiven ames, ro tnitials

CompanyUs egiven ame, otabbreviations

JointHoldingsUse ullandcomPleteames

TrustsUs e rustee(s)ersonalames,do notusename f he rust

DeceasedEstatesUs eexecutor(s)ersonalames,do notusename f hedeceased.

Minor(aperson nderheageof 18)Use hename f a resPonsibleadultwith heaPProPriatedesignation

PartnershiPsUs e hepartners'ersonalames

LongNames

Clubs/lncorPoratedBodies/BusinessamesUseoffice earer'sames, otname f club tc

Superannuationrunds

Usenamef rustee f fund, ot

nameof fundATF(asTrusteeor )

CorrectFormof RegistrableName

Mr ThomasPeterSmith

ABC Pty Ltd

Mr PeterRobertWilliams&

Ms LouiseSusanWilliams

Mr RichardSmith<RichardSmithFamilYTrustA/C>

Mr HaroldSmittt<Est PeterSmithA/c>

Mr RichardSmith<PeterSmithA/C>'

Mr John RobertSmithand Mr

MichaelEdwardSmith<JohnSmithand Son A/C>

Mr JohnWlliam Alexander

Robertson-Smith

Mr DavidPeterSmith<ABCSwimming ssociation>

T & H DavidPtv Ltd<Tom & HelenDavid

Superannuationund>

IncorrectFormof RegistrableName

T P {imith

AB C P/ Lor ABC Co

PeterRobert&

LouiseS \Mlliams

RichardSmithFamilYTrust

Estateof the late PeterSmittror

PeterSmithDeceased

MasterPeterSmith

JohnSmith& So n

Mr JrrhnW A Robertson-Srnith

AB C SwimmingAssociation

To m & HelenDavid

Superannuationun d

1 6



ChequeHere

THE PRln[E etirement& agedcat€ PROPERTY'TRUSTARSN 97514746

Appl icat ionForm

Refer o instructionsor correct orm of registqlqQle'$ieE

SINGLE/JOINTAPPUCANT : GMEN ll.AME(S) R COMPANYMME :JURNAME

PostalAddressDetail

UNTTO. STREET O STREETNAME

STATESUBURB/CITYPOSTCODE

Or PostOfficeBoxor oher MailBo x jeta i lsi f aPPlicable)

POBOXNO . SUBIJRB/CMY STATE POSTCODE

fo meet the requirements of the Corporations Act, this Application Form

must not be djstrjbuted or used unless atlached to thrs Supplementary P,roductDisclosure

Statement

. This upplementaryroduct isclosuretatements obeeadogetherithheProduct

DisclosureStatement ated15 Augus;t 003'. Follow nstrucbons n page 16 of trresupplementary roductDisclosure tiatement

- Printclearly n CAPTTAL ETTERSusingblueor black nk

f* ' ' .*fooefr|SA.Applicantetails -t+(9bFullname including BN f applicable)

ENTER FNOI E(EMttrTlONATEGORY

ADVISOR/BROKERSTIWP

JOINTAPPLICANT2: GIvENMME(S) OFI COMPANYNAME

JOINTAPPLICANT3: Gt\rENMME(S) OFI COMPANYNAME ENTERTFN OR EXEMI]TIONCATEGORY

Contact Details

l"lAME:

WORK PH: ( )

HOMEPH . ( )

E-tvlAlL.

D. nvestment4ount

IA/VEPPLY OR:NUMBEROFUNITS:

minimum f 10,000 nd ncrements f 1,000units n heTrust r such esser umber f units ha t al located me/us

IA//E ODGE PPUCAT]ONONIES F:

APPLICATIONMONIES:AU3 AT $1.00PE RUNIT

E. ChequeDetal ls Lodgeyou applicatronor mas soonas possib le ' heques houldbe crosserdNo tNegobable' ndmadepayableo

F. Request or Direct Credit of Distributions

Please redital lpayment f TrustdisFibutions lr

Pnm e nt

DRAWER

BANK

BSB:

FIMNCIAL NSTTTUNONNDBRAJICH:

POSTAL DDRESS:

NAMENWHICH CCOUNTSHELD:

i ls

AIvIOUNT:

to mylour accountwr! tfr9l9!]9wn9. 5falian banl'r, uildi society r creditunion:

BI]B:

A(]COUNTNUMBER:

s. 127of ureCorporations ct in he presenceof :

ll"o".il""]1ili"2*, for units n Thaprime

RetiremenindAged care propertyTrust. /we acrarovrl€,dge.greeand understandr'"t l/we have

receivedhe attached upptementaw.iu"ibii"iot"t" StatEmeni,no irisaiplicatlons completednd odged,ccordingo the SupplementaryproductDisclosuretatement./we ugr"" ;-b" oouno v the ermsgndconditionsf theconstigion 'f tlreTrust asmaybeamendedrom jme o

hme).Neither e Responsiblenttv noiu"v oiit, asi6ciates r.offcersor persons amedn this s;upplementaryroductDisclosure tatement

ouaranteesheperformancet ne trusi oitie iepaymentf capital r anyparticutarateot capital r ncome etum.ThB onbactwitflme/us rising

ffi?;:;;;il;;;;i tr,i.eppii"ution,ri n" go;#.J ov rh" r'* of Vicroria.f rhisApplications signed nderpower t atomevonmv/our ehalf.

theAtomeysiateslat he hasno notice f revocationt hatpower f attomey'

l . SigningArea

IndividuaUs igned y theApplicant: R

;ffi;;;ignZJo"uenatr oittrecompanyn accordanceiffrtsconsttr-tionnd/or

APPUCANTTDIRECTOR. MMEIIPRINT)

MMEtiPRINT)

Please eturnyour completeclApp licationor mwithyo-ur he-qJe(s)t9i--

Th eprimeRetlrementC ge dCareProperlyTrust,PO Box 4275'

JO NT APPLICAI'{T2/DlRECTOR/SECR =TARY

Wishaft, 'Vic,189

prime retirement & aged care property trust pds 2003 supplementary

Documents