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HERMANUSDOORNS SHAREBLOCK LIMITED AGM 2007 AGENDA Welcome Special welcome to all new shareholders Pieter Jansen van Vuuren Attendance Register Attendance Register


  1. HERMANUSDOORNS SHAREBLOCK LIMITED ��� ��� ����������� � AGM 2007

  2. AGENDA � Welcome � Special welcome to all new shareholders � Pieter Jansen van Vuuren � Attendance Register Attendance Register � Notice Convening the Meeting and Quorum � Appointment of Referee and assistant to administer and count votes � Apologies and Proxies � MD’s Report � AGM 2007

  3. AGENDA … cont � Presentation of Financial Statements � Ordinary Business � Resolutions 1,2,3 and 4 � Special Business � Resolutions 1 � Resolutions 1 � Re-election of Directors � Update on Business Plan � General � Closure � Lunch – directly after the meeting � AGM 2007

  4. ����������� ����������� � AGM 2007

  5. MD’s Report � A key focus of our medium term strategy is on Fauna and Flora � Working closely with consultants – managed by Christine � Special Guest Fritz van Oudtshoorn who is giving up his personal time to be with us � Brief Introduction to Fritz � Year Ended Feb 2007 a reasonable year � Some Highlights � Financial � Continuous improvement of the Balance Sheet � AGM 2007

  6. MD’s Report - Highlights � Operational � Construction of a new road into the mountain � Providing service to Riverside sites � Total upgrade of Electricity network Total upgrade of Electricity network � Entrance road “lifted” and upgraded � Alien plants removed � Waterbuck Pan – reed removal � Reduction of building activity � Refurbishment of John Deere and Colt � AGM 2007

  7. MD’s Report - Highlights � Fauna and Flora � Very Poor rainfall � Repetition of the Environmental Study � Further electrification of fences � Further electrification of fences � Good breeding season � Removal of Alien plants – Sekelbos � Refer Fritz’s van Oudtshoorn presentation � AGM 2007

  8. Game Count Description Feb 03 Aug 03 Feb 04 Feb 05 Feb 06 Jun 06 Jun 07 Impala 190 125 160 190 220 110 129 Blesbok 30 30 50 35 40 25 22 Water Buck 13 13 16 20 24 21 30 Kudu 86 65 80 100 110 90 101 Giraffe Giraffe 3 3 2 2 2 2 5 5 6 6 6 6 8 8 Bosbok 22 20 40 45 40 40 39 Warthog 31 25 25 40 40 40 42 Blouwildebees 23 24 33 38 60 40 45 Zebra 10 9 9 10 10 9 10 Gemsbok 10 9 7 7 6 6 6 Steenbok 10 11 12 15 16 16 16 Rooihartebees 23 19 19 23 21 21 24 Klipspringer 12 14 14 15 20 20 20 Mount Reedbuck 10 10 10 � AGM 2007

  9. Rainfall History HERMANUSDOORNS _ RAINFALL 1200 300 531 1030 365 382 341 338 348 572 642 1000 250 Cummulative Monthly 800 200 infall mm fal mm ainfa ainfal ummulative R 600 150 Monthly R C 400 100 200 50 0 0 7 year Annual Average = 429mm 03/04 04/05 05/06 06/07 00/01 02/03 01/02 98/99 99/00 5 Year Annual Average = 464mm 3 Year Annual Average = 505mm � AGM 2007

  10. Rainfall History Annual Rainfall 1400 1200 1000 800 mm 600 400 200 0 1998/9 1999/0 2000/1 2001/2 2002/3 2003/4 2004/5 2005/6 2006/7 Year �� AGM 2007

  11. �������������� !��� �������������� !��� �� AGM 2007

  12. Levy Income �"����#�$�� $���% ��� ��� ��� ��� ��� ��� ��� ��� ��� � � � � � � � � � � � � � � � � � �&��'�(�)� � � � � AGM 2007 � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � ��

  13. Levy Structure �&��+���(���� ��*��� �*��� �����)� �*��� �*��� �"���������� �*��� �*��� �*��� �*��� �*��� �*��� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �� AGM 2007

  14. Levy Income - Budgeted �"����#�$�� $���% ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� � � � � � � � � � � � � � � � � � �&��'�(�)� � � � � AGM 2007 � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � ��

  15. Investment Income - Budgeted '�&���)����'�(�)� �� �� �� $���% �� �� �"����#�$�� �� �� �� �� � � � � � � � � � � � � � � � � � � �� AGM 2007

  16. Growth in Equity �"����#�!--!�� -!���% �,� �,� �,� �,� �,� �,� �,� �,� �,� ���� ���� ���� ."�!�"-�"��������&�� ���� ���� ���� AGM 2007 ���� ���� ���� ���� ���� ���� ���� ��

  17. Total Debt �"����#�$�� $���% �*��� �*��� �*��� �*��� �*��� �*��� ��� ��� ��� ��� � � � � � � � � � � � � � � � � � ���"-���/� � � � AGM 2007 � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � ��

  18. Share Price +�"���0�!(� ���*��� ���*��� ���*��� $���% ���*��� ���*��� �"����#�$�� ���*��� ���*��� ���*��� ���*��� ��*��� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �� AGM 2007

  19. MD’s Report … Conclusion � Thank you to � The shareholders � The auditors � The Non Execs The Non Execs � My fellow directors � And I look forward to another great year �� AGM 2007

  20. 1��!�"���2��!���� 1��!�"���2��!���� �� AGM 2007

  21. Voting Procedure � All done by Poll � One share – one vote � Counting independently done � 2 volunteers 2 volunteers � Board � Corresponding totals accepted �� AGM 2007

  22. Ordinary Business � Ordinary Resolution 1 � Resolved as ordinary resolution � Resolved as ordinary resolution #1 to approve the minutes of the Annual General Meeting Held on 1 st July 2006 �� AGM 2007

  23. ����"- 3!�"�(!"-� 3!�"�(!"-� +�"��)���� �� AGM 2007

  24. Assets UP By 7% UP By 7% UP By 6% UP By 6% Down 35% UP By 6% Down Down 30% 58% �� AGM 2007

  25. Equity and Liabilities UP By 1% Constant Constant We Have We Have UP By 8% UP By 8% Down 10% NOT used this for a Constant Down 61% Generator �� AGM 2007

  26. Levies Received in Advance 2007 Period Rands 1 March 2007 to 28 Feb 2008 798,683 1 March 2004to 28 Feb 2009 39,474 1 March 2005 to 28 Feb 2010 56,842 1 March 2006 to 28 Feb 2011 70,263 1 March 2007 to 28 Feb 2012 44,123 TOTAL 1,009,385 �� AGM 2007

  27. Revenue 2007 2006 Levies +3% 766,628 742,973 Other Income 222% 217,259 97,845 Investment Income Flat 41,549 41,802 Building Income Included in General Game 1219% 117,494 9,596 General 12,106 13,311 +22% Municipal 44,114 32,953 Shop 1091% 1,996 183 TOTAL 17% 983,887 840,818 �� AGM 2007

  28. Expenses Detail Trend 2007 2006 Directors Salary -8% 116,068 125,499 Admin Fees +12% 36,250 31,421 R42k Could Auditors have been +11% 26,200 23,500 capitalised capitalised Salaries and Wages Salaries and Wages Flat Flat 197,563 197,563 197,380 197,380 Repairs and Maintenance R 50k +80% 144,113 80,078 Capital costs Vehicle Expenses +14% 140,954 123,917 re: xformer Insurance -16% 34,280 40,912 Depreciation -1% 70,620 71,128 Electricity and Water +111% 118,669 56,140 Other -10% 53,784 59,926 �� +5% 846,501 AGM 2007 Total +16% 938,501 809,899

  29. Financial Report ACTUAL � Budget – Feb 2007/8 R 938,501 � Total Expenses R 900k � Levy should be Realistic � Operational � Operational R 9,000 R 9,000 R 846,501 � VAT R 1,260 R 10,237 � TOTAL 4% Overspend 6% Underspend �� AGM 2007

  30. Financial Report � Budget – Feb 2008/9 � Total Expenses R 925,000 � VAT R 129,500 R 1,054,500 R 1,054,500 � TOTAL TOTAL � Per Share = R 10,545 � Budget 10% increase �� AGM 2007

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