pfmfnews, Issue #2 February 2011

21 February 2011

Balmain Trilogy is pleased to provide Unitholders with the second issue of the pfmfnews.

In this edition of the newsletter, Balmain Trilogy’s Joint CEOs’ outline the progress to date and the Fund’s strategy for 2011 and beyond. An update on the strategy in action with assets that have been realised to date and the ongoing completion and value add of the Fund’s Non Development Assets is provided. Information regarding our approach for the Martha Cove group of assets, legal action, the Capital Repayment for April, the Fund’s Hardship Policy and Litigation Recovery Rights are detailed in this newsletter.

Also included in this issue is an address from the Investor Committee addressing Unitholders on their views of Fund’s progress to date and their views on Balmain Trilogy. The Martha Cove ‘On Site Information Session’ will be held in the first half of 2011. To enable us to cater for those Unitholders who wish to attend, please register your interest by clicking on the link below.

If you have any questions, please contact Balmain Trilogy Client Services
on 1800 194 500.