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LandMark White aquires 55% of Guardian Securities - Press Release

LandMark White Limited is pleased to announce that, through it's fully owned subsiduary LMW Invest Pty Ltd, it has aquired a 55% shareholding in Guardian Securities Limited.

Guardian is a holder of an Australian Financial Services Licence and recently began operating in the Managed Funds industry, focusing on property syndication and mortgage funds. LandMark White has subscribed $400,000 cash for this shareholding. These funds can be used as working capital in the Guardian business.

The Investment

We see this as an investment which allows us to diversify from our core Valuation business into property related areas which are a natural adjunct to our business. the Australian property managed funds industry has $276 billion under management with over 1.1 million investors. To grow it's share of this market, the team at Guardian have a strong banking background and a broad range of experience in finance and property development which enable them to identify the best opportunities, whilst minimising the risk involved.

Guardian Organisational Structure

the principles of Guardian are Guy Hasenkam, Chris Kite and John Schwartz. All three have extensive experience in the Property, Finance and Managed Funds industries. Guy and Chris have both signed 3 year employment agreements.

LandMark White has appointed two directors to the board of Guardian. LandMark White Chairman, Glen White, has been appointed Chairman and LandMark White CEO, Brad Pitz, has been appointed a Non - Executive Director. The remaining Directors are Guy Hasenkam and Chris Kite.

Guardian Services and Philosophy

Guardian is a boutique fund manager specialising in both property syndication and lending on first and second mortgages to experienced developers. Its Australian Financial Services Licence allows it to promote both property syndicates and mortgages. Guardians motto, "capitalise on our experience", is based on the philosophy of providing investors in its schemes with the reassurance that the directors have many years experience in property lending and property funds management.

Guardian's focus is to provide attractive investment opportunities to investors where the risk has been assessed and is managed by a thorough understanding of both the product and the market in which the investment is being made in and by having the investment analysis scrutinised by independent industry specialists.

Guardian has identified three product lines within the property industry which are either not being marketed by the larger fund managers or are the preserve of a few smaller organisations.
These are:

• First and second mortgage funding to property developers to commence new developments;
• Syndication of specialised property including subdivisions, self storage complexes, medical centres, motels and relocatable home parks.
• Sale of Proportional Property Ownership in luxury residential strata title units and other luxury holiday houses.

Corporate Governance

LandMark White will not be involved in property valuations for Guardian. However, the experience Mr White and Mr Piltz bring to the Guardian board will be of great benefit in minimising the risk and developing the business.

Guardian is still establishing it's business channels and does not currently have a significant income stream. As such, it is expected that Guardian could achieve a small loss for the 3 months to the 30th of June 2007. However, it is expected that Guardian will achieve a reasonable pre tax profit for the 12 months ended 30 June 2008.

Further detailson the funding and investment products offered by Guardian can be obtained from it's website www.guardiansecurities.com.au or by contacting Guardian Securities office directly on 07 5657 5205.

LMW Invest Pty Ltd

LMW Invest is a 100% controlled subsidiary of LandMark White Limited. the charter of this company is to invest in businesses that are outside the existing LandMark White Group skill set, where they will benefit from our property and business expertise. The investments made by this company are those where the prospects of growth will deliver improved total return to our investors in the medium to long term.


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