The Thoroughbred Racing Bureau Pty Ltd has established TRB Golf Course Design to provide the full
spectrum of design and development services for clients wishing to combine both horse racing and golf
within their facility.

The Thoroughbred Racing Bureau Pty Ltd Managing Director Rodney Rae stated that "in many parts of
the world horse racing and golf are interwoven through the development of multi-purpose sporting,
entertainment and leisure facilities to ensure investors maximise the commercial returns from their capital
investment. Such projects enable horse racing clubs to effectively use the entire racecourse lands which
are generally vast and under utilised, and supplement operational income through non-racing related
activities."

"Our company will design a high quality golf course for our clients at a generic price whilst simultaneously
ensuring harmony between horse racing, golf, aesthetics and the environment. In addition, our approach
delivers a project plan that maximises the potential of the site in terms of tourism, residential, country
club and commercial opportunities."

For further information please contact Rodney Rae on 61 3 95210590 or 61 419190037.