MCU14/0106 & OPW15/0001 Compiled Information Request Response

Disclaimer

This report is dated 150412 and incorporates information and events up to that date only and excludes any information arising, or
event occurring, after that date which may affect the validity of Urbis Pty Ltd’s (Urbis) opinion in this report. Urbis prepared this
report on the instructions, and for the benefit only, of QIC (Instructing Party) for the purpose of Development Application (Purpose)
and not for any other purpose or use. To the extent permitted by applicable law, Urbis expressly disclaims all liability, whether direct
or indirect, to the Instructing Party which relies or purports to rely on this report for any purpose other than the Purpose, and to any
other person which relies or purports to rely on this report for any purpose whatsoever (including the Purpose).

In preparing this report, Urbis was required to make judgements which may be affected by unforeseen future events, the likelihood
and effects of which are not capable of precise assessment.

All surveys, forecasts, projections and recommendations contained in or associated with this report are made in good faith and on
the basis of information supplied to Urbis at the date of this report, and upon which Urbis relied. Achievement of the projections and
budgets set out in this report will depend, among other things, on the actions of others over which Urbis has no control.

In preparing this report, Urbis may rely on or refer to documents in a language other than English, which Urbis may arrange to be
translated. Urbis is not responsible for the accuracy or completeness of such translations and disclaims any liability for any
statement or opinion made in this report being inaccurate or incomplete arising from such translations.

Whilst Urbis has made all reasonable inquiries it believes necessary in preparing this report, it is not responsible for determining the
completeness or accuracy of information provided to it. Urbis (including its officers and personnel) is not liable for any errors or
omissions, including in information provided by the Instructing Party or another person or upon which Urbis relies, provided that
such errors or omissions are not made by Urbis recklessly or in bad faith.

This report has been prepared with due care and diligence by Urbis and the statements and opinions given by Urbis in this report
are given in good faith and in the reasonable belief that they are correct and not misleading, subject to the limitations above.

URBIS.

30 DISCLAIMER NOOSA RESPONSE REPORT - RETAIL ECONOMICS JUNE 2015 V2