The Responsible Entity of the Agricultural Land Trust is Agricultural Land Management Limited.

The Directors and senior management of Agricultural Land Management Limited comprise:

Peter Zachert

B.Bus M.Com M.Geoscience FCA FAIM MAICD
(Chairman, Non Executive / Non Independent)

Mr Zachert is a Chartered Accountant and Company Director. He is currently a director of Terramin Australia Limited and a number of private companies including Chairman of Elders Forestry Management Limited and APT Projects Limited. His executive background is primarily in resources and diversified industrials in Australia and overseas. Mr Zachert is currently the CFO of Alpha Australia LLC and previous positions held include CFO of Elders Limited (ceasing June 2009), director and CFO of Cyprus Australia Coal Company, CFO of Delta Gold Limited and senior roles in Prodeco SA and Exxon Coal and Mineral Company Limited. Peter is a Fellow of the Institute of Chartered Accountants in Australia, a Fellow of the Australian Institute of Management and a member of The Australian Institute of Company Directors. He was appointed an executive director of Agricultural Land Management Limited on 2 July 2007 and has assumed a non executive and non independent role since 1 July 2009.

Max Ormsby

FFSIA FAICD ANZIIF (senior assoc.)
(Director, Non Executive / Independent)

Mr Ormsby is a Company Director and experienced executive with a background in the corporate sector and major trading banks. He is a former director of Rural Bank Limited and Elders Financial Services Group Pty Ltd and is currently a director of NM Superannuation Pty Limited and Seed Technology & Marketing Pty Limited. His executive background includes roles of director finance and director risk management at Elders Limited (ceasing July 2006). Max is a Fellow of the Financial Services Institute of Australia and the Australian Institute of Company Directors and a senior associate of the Australian Institute of Exports. He was appointed a director of Agricultural Land Management on 22 January 2009.

Robert Michael Walter ("Mike")

Mr Walter is an experienced executive with a background in the agribusiness sector and rural banking. He is currently Director of National Business Development for Elementree Ltd. His executive background includes roles of General Manager at Elders Banking, General Manager Rural Lending at Rabobank and General Manager Lending at Primary Industry Bank of Australia (PIBA). Mike has extensive experience in and knowledge of the Agricultural Industry in Australia and New Zealand as a result of over 40 years commercial exposure with diversified experience across all rural inputs, banking and finance sectors involved in farm production and finance performance analysis. Mr Walter was appointed a Director of Agricultural Land Management Limited on 28 May 2010.

Ian Wigg

B.Ec CA SAFin
(General Manager, Joint Company Secretary, Compliance Committee Member)

Mr Wigg was appointed Chief Operating Officer of Agricultural Land Management Limited in October 2007 and General Manager effective July 2009. His experience prior to that was predominately obtained in the field of corporate recovery in both Australia and the UK having previously been a director at PPB Advisory. Ian is a Chartered Accountant and a Senior Associate of the Financial Services Institute of Australia.

Ross Kestel

B.Bus CA MAICD
(Compliance Committee Chairman, Independent)

Mr Kestel is a Chartered Accountant and was a director of the accounting practice Nissan Kestel Harford from July 1980 until April 2010. Mr Kestel has acted as a director and company secretary of a number of public companies involved in mineral exploration, mining, mine services, property development, manufacturing and technology industries. He is a member of the Australian Institute of Company Directors. Mr Kestel was appointed to the Compliance Committee in December 2002.

Neil MacKenzie

BA (Hons) FCA
(Compliance Committee Member, Independent)

Mr Mackenzie is an experienced executive and Fellow of the Institute of Chartered Accountants. He is a former CEO of Simeon Wines and the current Chairman of Blaxland Vineyards Limited. Mr Mackenzie was appointed to the Compliance Committee in January 2008.

Sarah Graves

Ms Graves is a qualified lawyer, a member of the Law Society of South Australia and an affiliate member of the Chartered Secretaries of Australia. Ms Graves has also completed a Graduate Diploma in Applied Corporate Governance through Chartered Secretaries Australia. She was appointed Joint Company Secretary of Agricultural Land Management Limited on 28 May 2010.