Dear Directors & Members,

I am pleased to announce the results of the Annual General Meeting, which was held on Monday 11 November  2018 at 7:00pm.

These being as follows:

Item 6: RESOLVED That the Financial Statements for the year ended 30^th June 2018 be adopted.

VOTES FOR: 57

VOTES AGAINST: NIL

VOTES ABSTAINED: 1

Item 7: RESOLVED that the geotechnical proposal from Consulting Earth Scientists for the amount of $117,900.00 + gst be approved.

VOTES FOR: 45

VOTES AGAINST: 10

VOTES ABSTAINED: 3

Item 8: RESOLVED that the directors are requested to complete a tender process to obtain a third seawall contractor.

VOTES FOR: 32

VOTES AGAINST: 13

VOTES ABSTAINED: 13

Item 11.1: RESOLVED that Mr Tony Noun be re-elected as Director of the Company

VOTES FOR: 56

VOTES AGAINST: 1

VOTES ABSTAINED: 1

Item 11.2: RESOLVED that Mr Gary Betts be re-elected as Director of the Company

VOTES FOR: 58

VOTES AGAINST: NIL

VOTES ABSTAINED: NIL

Item 12: RESOLVED that Mrs Julie Peters be confirmed as a Director of the Company.

VOTES FOR: 57

VOTES AGAINST: NIL

VOTES ABSTAINED: 1

Sincerely,

Tony Noun

Chairman Sylvania Waterways Limited