1. Otan Property Funds
Management Ltd
January 2012 Perth
Scott Staniforth
Business Development Manager

2. Otan Property Funds Management Ltd
Otan is an Opportunity Fund
Otan Property Funds Management Ltd was established to make the most of a unique
opportunity in the West Australia property industry.
Otan has a retail AFSL licence (Lic No 342911) and it will provide investors with the ability to
participate in property opportunities mainly in Western Australia. (Australian Registered
Scheme Number 142104158)
These will be residential developments of apartments, infill site and broad acre subdivisions.
Commercial opportunities of a passive nature based upon opportunistic acquisitions will be
also sought.
The experience Otan board believe WA has a prime position in the global economy as it
attracts local and foreign investment as well as people that will drive demand for property and
housing like no other Australian state – something which they intend to capitalise onto bring
rewards to savvy investors.
Otan’s philosophy is to use the economic cycle to maximize their investor’s returns with a
strong emphasis on delivery of the product, with the right project and a managed risk profile
and profile.
While Otan is a fresh face in the small WA funds management arena, they are backed by a
wealth of experience among the board members and in-depth knowledge of the WA industry
with Pindan as their builder of choice.
The Otan team pride themselves on their keen eye for lucrative sites – identifying
opportunities that set up each of the investments with healthy and deliverable returns.

3. Development Properties
The four main types of property development are:-
• Infill residential property, (20- 100 houses in an existing residential area)
• Residential projects including apartments, (30-200 apartments)
• Broad acre residential land subdivision (50-1000 lots subdivisions)
• Commercial projects (pre leased)
The commercial projects may be stand alone or located with residential development. Otan is not limited to these types
of developments as property development is a “deal based” enterprise.
Otan's property development business will be mainly, but not exclusively, located in Western Australia. Otan may look
to invest in other parts of Australia or overseas.
The town planning risk should be minimal although development approvals or town planning permits may not be in
place prior to any purchase. Where development approvals and/or town planning permits are not granted or are granted
but differ to Otan's original application, Otan expects the development to proceed with the similar returns.
Pre sales or pre leasing are achieved to minimize risk.
It is Otan's intension that land will be purchased with no debt and the development construction will be funded by debt.
Any debt will be secured against the land and it will have no recourse to the investors and be covered by pre sales of
the properties.
The return to the investor will vary depending on the current economic climate and the risk of any particular transaction.
Investment returns will be paid once all the debt in respect of the project is paid. Otan will consider making returns to
investors before the debt is repaid if a favourable staging of the development or risk minimization strategy I
s achieved.
The current benchmark for the investors returns for a new project are minimum. 20% IRR

4. Investment Criteria
Otan Property Funds Management Ltd Investment Strategy
The three main objectives of the fund are to combine these critical factors in the
investment strategy:-
• Maximise the actual returns of the fund.
• Manage the risk of the fund.
• Deliver the returns of the fund.
By using the expertise of Otan.
The two main types of property assets that Otan Property Funds Management Ltd (as
responsible entity of the Otan Property Fund) (Otan) will be purchasing and investing in:-
• Development Properties
• Passive leased properties.

5. Returns
• The Otan development funds have an minimum
investment benchmark of 20% internal rate of return
(annual) nett to the investor. Funds are projected to
exceed this.
• The returns are NOT guaranteed.
• Returns can be increased by Otan working with cost,
revenues and time management.
• There are no partial returns only those paid at the
completion of the project.

6. Track record of over 30 years delivery by the Otan delivery team

7. Group Dwellings

8. Non Australian residents can easily invest in Australian Residential developments
via an Otan Fund.

9. Risk Management
• Non recourse debt
• Land mainly owned outright at settlement.
• Pre sales of the properties to be developed
will normally cover any development debt
by 120%.
• The prices of the individual properties are
very “middle ground” which was the most
resilient in the GFC.

10. Timing
• In fill housing projects timing 12-16 months
• Apartments projects 20-25 months
• Land subdivision projects 2-6 years
This is a guide of the time frames of each type of residential projects that Otan
undertakes, however there will be specific time frames in each product disclosure
statement for each project.

11. Otan Flow of Funds
1. Investor applies for cash
units in the Otan
Property Fund via Part
A of the Product
Disclosure Statement
2. Investor selects a
project and converts
cash units to project
units in the particular
project via Part B of the
Product Disclosure
Statement
3. Returns issued in cash
units in the Otan
Property Fund
4. At the investor's choice,
returns can be received
(4a) or re-invested (4b)
in part or whole

12. The Legal structure of Each Otan Project Fund

13. Part A Features
• Most cases the invested funds pass directly
through part A to a project fund of the
investors choice
• Highly liquid cash Fund, redemptions at any time
• Returns generated by cash deposits
• Strong governance – Monthly development reports on the Otan web
site, 50% of the Otan board are external directors, compliance officer
who has been ASX listed company responsible officer, retail level
AFSL licence.
• Returns are not guaranteed.
• Fees are 10% of interest that the fund generates.
• Ability for the board to access each project to be offered as a Part B
project.

14. Part B Features
• Each project fund (Project specific part B) is a separate fund and therefore “ring fenced”
financially.
• You as the investor decide which project you invest in.
• Risk minimised by pre-sales of the project product prior to construction.
• Return guidelines, reasoning and time frames established for each project in each project
specific part B.
• Full disclosure of the project feasibility in each part B.
• Project management and construction undertaken by Pindan with 30 years of experience
and performance.
• Otan fees are fully disclosed and mainly based on performance with the performance fee
only applicable as a % (This varies from project to project) of the return in excess of 15%
per annum is returned to the investor.
• Fixed price and term construction contracts.
• Projects are predominantly based upon the “middle ground” of product type and price
which have proven to be the most resilient during the global financial crisis.
• Monthly development & management reports available for each project on the Otan web
site.
• Otan investors are eligible for a 2.5% discount on the purchase of any properties that are
developed by Otan.
• Non recourse debt

15. Board of Directors
Mark F. Butler David Pringle
Managing Director Executive Director
Having spent more than 20 years a Director and Executive A founding director of Pindan, David has been instrumental in
Director of a number of property firms, from start-up to listed forging the company’s rapid expansion and renowned
on the Australian Stock Exchange, Mark is a motivated reputation over the past 30 years, responsible for its financial
businessman driven by a vision to uncover the full potential of and development management. David has vast experience in
any property investment or development. Mark has created property development and an intrinsic knowledge of the West
national award winning brands strategies, is an esteemed Australian construction industry.
capital raiser and with strong analytical skill, is apt at making
the most of complex business problems. John Welborn
Director
John Nicholas
John is a chartered accountant with more than 15 years
Chairman
experience as a management consultant and investment
John adds wealth of strategic market experience to the Otan banker. A successful company director and executive with a
board, having spent more than two decades as partner of road business perspective gained through commercial
high-profile consulting firms Ernst & Young and Arthur experience in Australia and France. John is currently the
Andersen, and today continues to act in the industry as Managing Director of Equatorial Resources Limited and a
executive consultant and advisor for a number of director of Prairie Downs Metals Limited, a Director of Rugby
organisations. Actively helping support disadvantaged people WA, and holds memberships of the Australian Institute of
in our community, John also brings his philanthropic passion Chartered Accountants, The Financial Services Institute of
to the team Australia, and the Australian Institute of Company Directors.
John was the first West Australian to play rugby for the
Wallabies playing six tests for Australian between 1996 and
1999.

16. Pindan Constructions –Deliverable Returns
 Otan’s preferred builder
 Largest multi-unit builder in WA*
 5th largest commercial builder in WA**
* HIA Housing100 Report 2009/2010
** HIA Construction 100 Report 2009/2010

17. Pindan Constructions Deliverable Returns
Specialists in:
 Multi-Award Winning  Apartments & Grouped Housing
 Project Homes
 Offices & Commercial
 Aged Care
 Schools & Institutes
 Hotels & Resorts
 Shopping Centres
 Country Clubs
 Sporting Complexes
 Transportable Accommodation

18. Previous fund with capital already raised

19. North One Subi Centro – An apartment Project partnering with
ISPT (DOF No 2 Fund)

20. North One Subi Centro – An apartment Project partnering with
ISPT (DOF No 2 Fund)

21. Otan South Beach – Infill Housing
The Site

22. Otan South Beach Housing
Otan South
Beach
Otan South
Beach 461

23. Otan South Beach – Infill Housing

24. Otan South Beach 461 Housing

25. Our next projects
• Otan Karratha
24 hectares in Karratha to be developed in approximately
330 residential lots. Capital $13.0 Million. FULLY
SUBSCRIBED

26. Available to invest 10/1/2012 (AUD)
Minimum Investment $25,000 (AUD)
• Otan Queens Park Full
• Otan Subi Centro (construction) $909,500
• Otan Southbeach $1,527,000
• Otan Southbeach 461 $3,000,000
• Otan Nichol Karratha Full
• Otan Residential land subdivison$40.0 Million
• Otan Box Retail Fund $20.0 Million
• Various projects $45.0 Million
• Core Fund (Office & Retails) TBA

27. Otan
Thank you for your time
Investments in Otan projects maybe made only by the product disclosure
documents that are available on the Otan web site. www.otan .com.au
Contact
Scott Staniforth
Business Development Manager
154 Abernethy Road Belmont Western Australia 6984
Direct 08 94637227 International +61894637227
Mobile 0415453043
e mail scott.staniforth@otan.com.au