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Financial Reports For the Half Year Ended 31 December 2010

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GR First Ranking Notes ("Notes") are unsecured notes under the Corporations Act. An investment in Notes is not a
bank deposit and is subject to investment risks such as possible loss of some or all of the principal invested.
GR Finance First Ranking Notes may be classified as "debentures" or "unsecured notes" under section 283BH of the Corporations Act.