Investments

Since commencing operations in October 2007, Tasman Capital has entered into agreements with the following companies to facilitate their listing onto the New Zealand stock market. In the listing process Tasman Capital has become or will become a shareholder in these companies.

NuFruits & RioLife

Tasman Capital has entered into an agreement to facilitate the listing of a company that produces a range of premium products relating to the super fruit called Açaí berry which has superior antioxidant properties. The company is the market leader in Açaí berry products in Australia and New Zealand and owns 100% of Nu Fruits Ingredients (see www.nufruits.com) and 100% of RioLife Pty Ltd (see www.riolife.com.au). These companies have experienced exceptional growth in recent years. RioLife recently won 1st place in a prestigious Australian competition for the fastest growing Australian small company in 2010. The listing is subject to the raising of new capital for the company prior to listing to fast track its growth, but all going well we hope to have the company listed by the end of 2011.

BioGreen Group of Companies and Assets

Tasman Capital Nominees has acquired an option to purchase the freehold land, the mining licences, the production plant and the brands of a peat mine in Australia and associated fertiliser business (www.biogreen.info). The option is held by Tasman Capital Nominees on behalf of a management buy-out entity to be set up that will be owned by the current Biogreen management and by Tasman Capital and Tasman Capital shareholders. If the terms of the option can be satisfied then the management buy-out entity will purchase all of the assets under the option and we then have a clear listing strategy onto the NZSX which we hope will take place mid-2011.

Cooks Food Group Limited

Tasman Capital assisted with the merger of 3 food companies to form Cooks Food Group Limited (Cooks) and then facilitated the listing of Cooks onto the NZAX in October 2008. Soon after that, Cooks announced it had entered into an agreement to purchase the Diamond and DYC brands from Goodman Fielder New Zealand Ltd but Cooks did not complete the transaction due to the difficult climate in raising funds. Cooks then sold its trading assets and currently has no operating activities. However, Cooks recently stated that it had become a foundation shareholder in Dairyland Products Limited, a company established to operate in the diary sector. Dairyland is currently seeking funding to acquire certain assets after which it will commence operations and Cooks has stated that the value of this investment has been treated conservatively in their annual accounts.

Pulse Utilities New Zealand Limited

Tasman Capital facilitated the listing of Pulse Utilities New Zealand Limited (Pulse) onto the NZAX in November 2007. Pulse owns Pulse Energy (an independent electricity retailer specialising in smart meters), Just Energy (a ’no frills’ electricity retailer) and Pulse Metering Limited (a specialist metering company). Pulse is making some outstanding progress. According to Electriticity Commission figures, Pulse topped the list in customer gains of all New Zealand electricity retailers in June 2010 bar none, Pulse was 2nd in July 2010 behind Trustpower and 2nd again in August 2010 behind Contact Energy. These are spectacular gains and at this rate Pulse has stated it expects a maiden profit for the 2011/2012 year with an EBITDA of more than $6.5 million. You can learn more about Pulse at www.punz.co.nz.