WHITEFIEL P Stock Australian S.E.

Whitefield Industrials Limited is an Australia-based investment company holding a diversified portfolio of Australian Securities Exchange (ASX) listed Industrial (non-resource) shares. The Company's principal activity is to invest in companies and trusts listed on the ASX. The Company's return objective includes a reliable stream of franked income; risk-adjusted return higher than the average of peer group, and portfolio return 0-100 basis points above the benchmark (S&P/ASX200 Industrials Accumulation) over rolling five-year periods. Its risk objective is to have a lower degree of variation against the benchmark (target 0.7% - 1.0% tracking error). It invests in various sectors, such as banks, health care, consumer discretionary, non-bank financials, industrials, real estate, consumer staples, communication services, information technology, materials and utilities. The Company's investment manager is Whitefield Capital Management Pty Ltd.