2014 User Group Meeting Our commitment. Your success. Melbourne 23 October

Important Information This presentation is provided for educational purposes only and has been prepared without taking into account your personal circumstances, and you should therefore consider its appropriateness in light of your objectives, financial situation and needs, before acting on it. Investments can go up and down. Information in this presentation is current as at date of presentation unless otherwise stated. However, please bear in mind that shares or other investments may go up or down in value, that past performance may not be repeated and that such information is no guarantee of future performance. For further ‘Important Information’ (e.g. relating to the Lincoln Australian Share Fund or Lincoln Australian Income Fund, Testimonials, Disclosures of Interest and other disclaimers), please refer to the following slides. © Copyright Lincoln Indicators Pty Ltd

Tim’s top Stock to Watch CAJ – Capitol Health Limited CCP – Credit Corp Limited SHJ – Shine Corporate Limited TRG – Treasury Group Limited © Copyright Lincoln Indicators Pty Ltd Lincoln has provided the ‘Tim’s Top Stocks to Watch’ because currently they are quality, financially healthy businesses that meet our Golden Rule 1 and are either Star Growth Stocks and/or Lincoln Star Income Stocks. But as with any investment, you would need to do further research on these stocks to assess if a company is of interest to you and meets your risk profile and investments objectives. The list should not be relied upon in respect to any current investment decision. Investments can go up and down. Past performance is not a reliable indicator of future performance. GROWTH

Tim’s Top Stocks to Watch ANZ – Australia & New Zealand Banking Group Ltd RCG - RCG Corporation Limited TGA - Thorn Group Limited TLS - Telstra Corporation Limited © Copyright Lincoln Indicators Pty Ltd Lincoln has provided the ‘Tim’s Top Stocks to Watch’ because currently they are quality, financially healthy businesses that meet our Golden Rule 1 and are either Star Growth Stocks and/or Lincoln Star Income Stocks. But as with any investment, you would need to do further research on these stocks to assess if a company is of interest to you and meets your risk profile and investments objectives. The list should not be relied upon in respect to any current investment decision. Investments can go up and down. Past performance is not a reliable indicator of future performance. INCOME

© Copyright Lincoln Indicators Pty Ltd Important information ^ The estimated grossed up yield is determined by forecasting the dividends and coupons for the financial instruments held in the current portfolio and is inclusive of franking credits. The actual result achieved may differ due to a number of variables including changing market prices and/or dividend forecasts changing significantly. Such an event will result in a change to the estimated yield. As a result, though the Fund is positioned to achieve its target yield, the stated estimated yield cannot be guaranteed to occur. Contact Lincoln to learn more about our estimated grossed up yield target. *RRP $1,595 for a 12 month Stock Doctor membership Lincoln Indicators Pty Ltd (Lincoln) makes no representation and gives no warranty as to the accuracy of the information contained in this presentation, and does not accept any responsibility for any errors or inaccuracies in, or omissions from, this presentation (whether negligent or otherwise), and Lincoln shall not be liable for any loss or damage howsoever arising as a result of any person acting or refraining from acting in reliance on any information contained herein. No reader should rely on this presentation, as it does not purport to be comprehensive or to render personal advice. This disclaimer does not purport to exclude any warranties implied by law which may not be lawfully excluded. Information in this presentation is current as at date of presentation unless otherwise stated. It is provided for educational purposes only and may not reflect current market data or opinion. It should not be relied upon in respect to any current investment decision. Investments can go up and down. Past performance is not a reliable indicator of future performance. Economic and other information taken into account in forming any opinions are subject to change and therefore opinions expressed as to future matters may no longer be reliable. Our advice has been prepared without taking into account your personal circumstances, and you should therefore consider its appropriateness in light of your objectives, financial situation and needs, before acting on it.

© Copyright Lincoln Indicators Pty Ltd Important information Where we refer to the Lincoln Australian Share Fund or the Lincoln Australian Income Fund (the ‘Fund’), information and advice provided should be considered in conjunction with the Product Disclosure Statement (PDS) of the Fund, which is available on request and from our website. You should read and consider the PDS before making any decision about whether to acquire or continue to hold the product. Responsible Entity/ Issuer of the Fund is Equity Trustees Limited ABN AFSL Lincoln and its Authorised Representatives will be remunerated on the basis of monies invested in the Fund. You should read and consider our Financial Services Guide (FSG) provided to you, which sets out key information about the services we provide. The FSG is also available at To the extent that any of the document constitutes advice, it is general advice that has been prepared by Lincoln Indicators Pty Ltd ABN , AFSL without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making a decision. Please refer to our Financial Services Guide (FSG) for more information at Lincoln and/or associates and/or its employees may hold interests in companies referred to in this presentation. This position can change at any time without notice. For more details, please refer to Stock Doctor. Please consult your tax adviser regarding the extent to which Stock Doctor is tax deductible given your circumstances.

© Copyright Lincoln Indicators Pty Ltd Important information Testimonials are provided by third parties for information purposes only and are not intended to be financial product advice. They do not represent opinion or advice from Lincoln. The information provided may not be appropriate to your particular circumstances. You should consider obtaining your own independent advice before making any decision. ASX-listed company data is copyright and provided by Morningstar Australasia Pty Ltd ("Morningstar") © 2014 ABN: , AFSL: (a subsidiary of Morningstar, Inc). All rights reserved. The data and content is provided by Morningstar, its affiliates or associated content providers. None of Morningstar, its affiliates and their content providers guarantee the data to be accurate, complete or timely nor will they have any liability for its use or distribution. Some of the material provided is published under licence from ASX Operations Pty Limited ACN ('ASXO').

© Copyright Lincoln Indicators Pty Ltd ‘Star Growth Stock’ performance: Past performance disclosure Star Growth Stock returns were calculated by Lincoln as a measure of the historical performance of the strategy reflecting the changes in recommendation and the performance of them over time and does not represent an actual investment. Investments go up and down. Past performance is not a reliable indicator of future performance and should not be relied upon. The performance over the stated time period/s reflects the capital return on a notional portfolio of $100,000 that is equally invested in each Star Growth Stock at the commencement of the relevant performance period quoted. The portfolio is rebalanced to equal weight exposure when the composition of the Star Growth Stocks changes. For all transactions, closing prices for the next trading day are assumed. Transaction costs of 0.5% on each purchase and sale have been incorporated into the performance figure. Returns are expressed in a per-annum basis. The calculation makes no allowance for dividends or other distributions, government charges or tax, or annual subscription fees payable to Lincoln. All performance figures are calculated as a per annum percentage and reflect the overall capital return of the strategy highlighted above for the stated time period presented. It is important to note that for returns on periods longer than 12 months, actual annual returns achieved during the time period would have varied, both positively and negatively, from the stated overall performance figure. For returns of 12 months, the per annum performance varies positively and negatively month to month reflecting the volatility of the equities asset class. Therefore no performance figure should be taken as a reliable indicator of future performance. The Star Growth Stock criterion has not remained constant but has been revised and updated over time. The quoted performance reflects actual Star Growth Stock recommendations as they have been published to the public over time and have not been retrospectively implemented. Important information