INVESTOR COMMITTEE STATEMENT TO ALL UNITHOLDERS

25 November 2011

Following a meeting of the Pacific First Mortgage (PFMF) Investor Committee (IC) that was held on 24 November 2011, it has been requested that the following statement be published on the Balmain Trilogy website. This letter will also be mailed to PFMF Unitholders.

Please click on the below link to download a copy of the IC’s statement to PFMF Unitholders.

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Investor Committee Statement to Unitholders