1. The offer to which this electronic version of the prospectus relates is only available to persons receiving the electronic prospectus within Australia. Any person accessing this prospectus for the purpose of investing in Villawood Residential Land Fund Limited must access the prospectus from within Australia.

2. The prospectus does not constitute an offer in any place in which, or to any person to whom, it would not be lawful to make such an offer. The distribution of the prospectus in jurisdictions outside Australia may be restricted by law and persons who come into possession of the prospectus should seek advice on and obser

3. This prospectus contains important information about investing in the Villawood Residential Land Fund Limited and should be read carefully. In preparing the prospectus, Villawood Residential Land Fund Limited did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision investors should consider whether the investment is appropriate to their needs, objectives and circumstances. Villawood Residential Land Fund Limited encourages investors to obtain independent financial advice before making an investment decision.

4. Villawood Residential Land Fund Limited reserves the right to refuse to issue shares to any applicant if (among other things) it believes that:
(a) the applicant did not receive the electronic prospectus in Australia, or
(b) the applicant did not have access to the electronic prospectus at the same time and by the same means as the applicant had access to the relevant application form.

The Corporations Act 2001 prohibits any person from passing on to another person any application form unless it is accompanied by a hard copy of the prospectus or, in the case of an electronic prospectus, an application form is linked to a complete and unaltered electronic form of the prospectus. Investors should read the prospectus before completing the relevant application form.

If you would like a free paper copy of the prospectus or have any queries relating to the Villawood Residential Land Fund Limited please do not hesitate to contact Villawood Residential Land Fund Limited, email reception@villawoodproperties.com.au.