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
(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. His executive background is primarily in resources and diversified industrials in Australia and overseas, most recently as CFO of Elders Limited (ceasing June 2009). Previous positions held by Mr Zachert include 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 and a Fellow of the Australian Institute of Management. He was appointed an executive director of Agricultural Land Management Limited on 2 July 2007 however has assumed a non executive and non independent role since 1 July 2009. Mr Zachert was appointed chairman of the board of directors on 4 September 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 currently a director of Rural Bank Limited, Master Fund (WA) Pty Limited, NM Superannuation Pty Limited, Hifert 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 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, Elders Banking, General Manager Rural Lending, Rabobank and General Manager Lending, 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 42 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 on 28 May 2010.

Ian Wigg

B.Ec CA SAFin
(Chief Operating Officer, Joint Company Secretary, Compliance Committee Member, Responsible Manager)

Mr Wigg was appointed Chief Operating Officer of Agricultural Land Management Limited in October 2007. 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 Adelaide. Ian is a Chartered Accountant and a Senior Associate of the Financial Services Institute of Australia.

Peter Taylor

(Responsible Manager - Property)

Mr Taylor was appointed Responsible Manager (property) in May 2008. He has in excess of 35 years experience in rural property sales and holds real estate licences in SA, Vic, NSW and NT. Peter is a member of the Real Estate Institute of South Australia.

Ross Kestel

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

Mr Kestel is a Chartered Accountant, Company Director and principal of Nissan Kestel Harford Accountants and Business Advisors. He is a Registered Company Auditor and a member of the Institute of Company Directors. Mr Kestal 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 Commercial Director and COO 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, member of the Law Society of South Australia and an affiliate member of the Chartered Secretaries of Australia.