9 August 2010

Pacific First Mortgage Fund Meeting
of Unitholders has been called for
Wednesday 1 September 2010

BalmainTRILOGY would like to advise all Pacific First Mortgage Fund Unitholders that the Meeting of Unitholders has been called for Wednesday 1 September 2010. The meeting will be held at the Sofitel Brisbane Central, 249 Turbot Street Brisbane, Queensland commencing at 11.00am.

All meeting documentation has now been distributed to all unitholders for their review and consideration including a proxy form. These documents are very important and we strongly suggest that you review all material that has been provided and seek independent financial advice if necessary. The meeting documentation includes:

• Letter from the Joint CEO's (Click here to view)
• Notice of Meeting & Explanatory Memorandum (Click here to view)
• Independent Expert Report provided by PKF Corporate Advisory
  (Click here to view)
• Proxy form and reply paid envelope

You are able to view the meeting documentation by clicking the links above.

The Meeting of Unit holders will allow unitholders to vote on the New Fund Strategy that will comprise a redemption program and allow for individual choice regarding participating in the future of the Fund.

If you believe that you may not be able to receive the documents at your registered mailing address there are alternatives available for you to receive these important documents. Please contact the Client Services Team on Freecall 1800 194 500 to discuss your options.