Media Release

LANDMARK WHITE flags new funds management business - LMW Invest.

28 August, 2008

Michael Este and Linden Toll recruited to foundation team

Publically listed, multi-disciplined property service provider LandMark White, today announced the launch of its new property funds management business to trade under the name of LMW Invest.

The business will focus on creating investment opportunities for retail investors, with a bias towards the commercial property sector along with industrial, retail, development, tourism and infrastructure assets.

LMW Group Chief Executive Officer, Brad Piltz said the LandMark White group offers a solid foundation of excellence in property data and research. “LandMark White provides a comprehensive range of independent, client focused valuation, property advice and research. Using resources such as these, together with leading property investment managers, our goal is to build leading diversified property portfolios.”

“LMW Invest will harness LMW’s considerable insight and expertise in property to evaluate investment opportunities across the property spectrum,” Mr Piltz said. “We will be disciplined and utilise an institutional approach to investment to provide the retail market with traditional, conservative property investments.”

“It is important to note however, that while LMW Invest has access to the expertise and research capacity of the Group, it is an independent arm and as such will create no conflicts of interest for existing and future clients of the Group.”

LandMark White Limited is a public company listed on the ASX. Established in 1988, it is one of the largest and most highly skilled independent valuation and property consultancy organisations in Australia, focused on delivering accurate, timely and reliable information in an ever changing property market. The group operates in four Australian States, employing around 200 staff and valuing in the order of $50 billion of commercial and $15 billion of residential property annually.

On August 27 2008, LMW Group announced a 22.3 per cent increase in profits to $2.10M on the back of a 7.5 per cent increase in revenue to $30.10 million.

Mr Piltz said LMW Invest is LandMark White’s professional commitment expressed in the Australian funds management industry.

“We consider our origins give us a distinctive commercial energy,” Mr Piltz said. “We are a team of true property professionals, rather than financiers or lawyers pursuing an interest in the sector. We believe this dedication to the asset class sets us apart and will in time serve our investors very well.”

“Our primary focus will be to deliver value and performance to our investors through managed funds whilst never losing sight of integrity, transparency and diligence.”

Appointment of Michael Este and Linden Toll

LMW Invest also announced that Michael Este and Linden Toll have joined the team. Mr Piltz said; “Michael’s primary responsibility is the establishment and running of LMW Invest funds. Linden will be responsible for distribution and marketing.”

Mr Este has 20 years experience in the property and investment industries. Prior to joining LMW Invest, Mr Este held the position of fund manager of several unlisted property funds (retail and wholesale) with Investa Property Group. Mr Este has also held the role of fund manager of a property securities fund at Advance Funds Management, as well as Senior Investment Analyst and Property Consultant.

Mr Toll has been responsible for the distribution business planning and capital raising for firms such as Orchard Funds Management, Multiplex Capital and Real Estate Capital Partners – all specialising in property funds management. He is currently the President of the Australian Direct Property Investment Association (ADPIA), the peak industry body representing the $29 billion direct property investment industry of some 200,000 investors.

Mr Piltz said the Group was extremely privileged to have attracted such experienced professionals at this early stage in its development.

LMW Invest plans to release details of its first retail market offering in the coming weeks.

ENDS

FOR FURTHER INFORMATION PLEASE CONTACT CHRISTINE HARRIS, FINANCIAL
MEDIA CONNECTIONS 0414 621163.