1. Doing business and investing in the USA 8 September 2014

2. 2 A Snapshot  PartsTrader provides a market-proven, easy-to-use, online, marketplace platform that provides collision repairers with a single source for procurement of parts, connecting repairers with leading Original Equipment Manufactured (“OEM”) dealers, parts recyclers, and alternative parts suppliers  PartsTrader has a contract with a large insurer – an exclusive mandate to all metropolitan collision repairers in State Farm’s direct repair network. Mandated repairers must use the PartsTrader platform (7,800 current repairers - 7,000 mandated and 800 opted in)  The business has momentum in the US (it is operational in all 48 continental states) and has a proven operating model in New Zealand – PartsTrader New Zealand (sister company and licensee) launched in 2006 and now has around 65% market share of collision parts spend  PartsTrader is currently billing and successfully collecting subscription revenue from 7,000+ suppliers – one portion of its revenue model (transaction fees to be launched in 2015) *PartsTrader platform – current monthly marketplace parts procurement, annualised your suppliers your parts your choice

3. 3 Repairer sends Quote Request to suppliers (or Direct Order) How PartsTrader Works 3 3 Suppliers submit Quotes 4 4 Supplier Confirms OrderRepairer reviews quotes and then Orders parts 5 5 6 6 1 1 2 2 Car owner / Policyholder crashes their vehicle and lodges a claim with their insurance company The insurance company who mandates /endorses the PartsTrader platform advises a repairer in their repairer network to assess the claim and agree to the policyholder’s preference

4. 4 Progress to Date PartsTrader is live in all 48 continental states in the United States PartsTrader has currently 9,000+ suppliers and 7,800+ repairers registered on the PartsTrader’s platform LIVE active repairer states Top statistics (peak performance to date) Repairer quote requests per day 7,500+ Repairer orders per day 12,000+ Supplier quotes per day 25,000+ Supplier confirmed orders per day 12,000+ Electronic order value per day $4,500,000+ Total number of orders processed 1,800,000+ Confirmed electronic orders $730,000,000+ At present, 10% of US collision repair parts procurement volume is being processed through PartsTrader NATIONAL COVERAGE

5. 5 Setting up  Legal entity  Tax  Banking  Employing staff  Lots of very good people  Benefits  Notice period 2 weeks  Property leases straightforward  Getting visas takes time

6. 6 Doing business  Big country, geography and economy  People work hard and travel a lot  Some cultural differences  It’s worth doing things properly first time  There are many large and powerful organizations  It can take longer to get started but then things happen quickly

7. 7 Be prepared  Leverage connections – impressions count  Be well capitalized  Things may take longer  There may be more opportunities  Understand that US businesses are used to being number 1  Competition can be strong

8. 8 Summary  Big country, big opportunity  Be on your game from the get go  Have a clear market entry strategy  Employ locals as soon as you can