PAST INVESTMENTS BY PARTNERS

• Australia’s 3rd Largest MHE operator merged with Gateway and floated on the ASX

• 3.0x money, 129% IRR over 14 month period

• Australian Growth Company Awards - Exit of the Year 2015 Winner

• Australia’s largest accident replacement vehicle business sold to Eclipx (ECX.AX)

• 3.1x money, 227% IRR over 11 month period

• Australian Growth Company Awards - Company of The Year 2016 Runner Up

• Australia’s second largest and New Zealand’s largest funeral services company

• Buy and build proprietary deal

• Sold to Invocare Limited (IVC.AX) 3.1x money and 29% IRR

• Australia’s leading nursing and homecare agency, buy and build play.

• 2.0x money, 67% IRR over 18 month period.

• Australian Private Equity Association Deal of The Year 2006 (MBI < $50m).

• Australasia’s leading pallet rental business, bought off General Electric Inc

• 4.5x money, 105% IRR over 10 month period

• Australian Private Equity Association Deal of The Year 2005 (MBO < $50m)

• Australia’s leading facilities management company, public to private

• 2.1x money, 116% IRR over 10-month period

• Sold to ISS (Denmark) in 2006

• Leading Australian and New Zealand fleet management business, acquired from ANZ Limited.

• Secondary buyout off Citigroup completed with GIC and Ironbridge

• FleetParners was ultimately floated on the ASX in 2015 as Eclipx Limited (ECX.AX)

• One of New Zealand’s leading equipment rental businesses.

• Turnaround investment / merged with Hirepool.

• Following a 45% decline in NZ construction, monthly EBITDA was restored to pre-GFC levels following execution by Tasman of a detailed turnaround plan.

• Central Coast of NSW based manufactured home estate community

• 2.2x money, 47% IRR over 28 month period

• Merged with Tasman Lifestyle Continuum in 2014

NB: A number of the above transactions were completed by Tasman’s partners whilst employed at previous firms