1. 18 July 2015 Finance

2. Finance Reporting Period April – June 2015 April 1 – Chief Financial Officer appointed Acting CEO for 6 week period during April through to June

3. April 2015 Financial Results Consolidated Financial Performance Summary April 2015 Actual vs Budget MONTHYEAR TO DATE ACTUAL BUDGETACTUAL BUDGETVARIANCE (137,473) (189,702)(137,473) (189,702)52,229 Ngatiwai Management Limited, & Bland Bay Camp ground Ngatiwai Holdings Limited & 95,688102,85795,688 102,857 (7,169) Ngatiwai Fishing Limited Oceans Resort Tutukaka Limited & (21,592)(31,611)(21,592) (31,611) 10,020 Ngatiwai Investment Holdings Limited Group Net Surplus / (Loss)(63,376) (118,456) (63,376) (118,456)55,080

4. May 2015 Financial Results May 2015 Actual vs Budget MONTHYEAR TO DATE ACTUAL BUDGETACTUAL BUDGETVARIANCE (145,068) (123,035)(281,819) (312,737)30,918 Ngatiwai Management Limited, & Bland Bay Camp ground Ngatiwai Holdings Limited & 110,845102,507206,513 205,014 1,499 Ngatiwai Fishing Limited Oceans Resort Tutukaka Limited & (43,807)(15,283)(65,401) (8,423) (56,978) Ngatiwai Investment Holdings Limited Group Net Surplus / (Loss)(78,029) (35,811) (140,708) (116,146)(24,562) Consolidated Financial Performance Summary

5. Treaty Claim Costs to Date 2013 28,370 2014 429,460 2015 204,291 April 2015 8,653 May 2015 13,032 Total to Date$683,806 ================= OTS Funding received$185,000 =================

6. Aquaculture Settlement Costs to date$ 145,800 Approximate Settlement Funds due – Northland Space$ 500,000 Auckland Space$3,000,000