Important Disclosures

We believe that it is important that our clients understand that State One Stockbroking Ltd has certain corporate relationships which could potentially impair the objectivity of any advice which it may give directly to our clients in respect of certain investments.

State One receives commission from dealing in securities, including the issuance of new securities by the way of IPO, placement, rights issue and / or share purchase plan. State One’s client advisors typically share directly in this commission.

These activities are carried out in relation to companies, including those with which we have a corporate relationship, listed on the Australian Securities Exchange and other recognised exchanges.

You should know about the following relationships:

• ABZ (Australian Bauxite Limited) - State One sponsored the IPO and has managed several placements raising a total of $13.5M in equity for ABZ. State One is a significant shareholder in ABZ.
• QHL (Quickstep Holdings Limited) - State One sponsored the IPO and has managed a number of placements and a Share Purchase Plan for QHL, raising a total of $42M in equity. State One is a significant shareholder in QHL.

These Important Disclosures are subject to change.

Changes will be notified by posting updates to the website.