St Laurence Property & Finance appoints director

News Release, 30 January 2007

St Laurence Property & Finance appoints new director

St Laurence Property & Finance Limited (SLPF) today announced the appointment of director Geoff McWilliam to its board. Mr McWilliam’s appointment follows the resignation of director Quentin Hay.

Sydney-based Mr McWilliam is an independent director on the main board of SLPF’s manager, St Laurence Limited. He joined in September 2006 after the company undertook several major acquisitions to create a substantial diversified funds management and finance group.

Mr McWilliam has over 35 years experience in the Australasian property industry. For the last ten years he was chief executive of the Commonwealth Bank of Australia's property activities, growing the business to more than $16 billion of assets. Mr McWilliam also spent 23 years at Lend Lease Corporation, another major Australian stock exchange listed property investment player. He is currently on the boards of Challenger Listed Investments Limited and Lend Lease Real Estate Investments Limited, and was previously a director of NZX-listed Kiwi Income Property Limited and Commonwealth Managed Investments Limited.

Mr McWilliam joins executive chairman Kevin Podmore and fellow St Laurence shareholder and director Phil Newland on the St Laurence Property & Finance board.

ENDS

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