Agricultural Land Trust : Extension of Syndicated Debt Facilities

1 August 2012
Company Announcements Platform
Australian Securities Exchange

AGRICULTURAL LAND TRUST (AGJ) EXTENSION OF SYNDICATED DEBT FACILITIES

The Directors of Agricultural Land Management Ltd, the responsible entity of the Agricultural Land Trust, advise that the Trust has extended its syndicated debt facilities until 31 July 2013.
The extension of the facilities will result in the syndicated financier margin being maintained. The extension is subject to conditions in relation to the divestment of certain assets in an orderly manner with proceeds to be used to repay debt. An independent corporate finance advisor has been appointed by the Trust to assist in this regard.
The Trust continues to derive positive cash flows from operations as a result of its unique leasing arrangements and it remains the Trust's intention to pay the distribution announced on 20 June 2012. As previously advised the actual distribution amount will be considered at a board meeting of Agricultural Land Management Ltd scheduled for 16 August 2012.
For further information contact: Peter Zachert
Chairman 0434 046036
Ian Wigg
General Manager [phone]

Agricultural Land Trust • ARSN 096 588 046 • ABN 76 708 492 711

Responsible Entity Agricultural Land Management Ltd ABN 16 072 899 060 AFSL 225064

Level 3, 27 Currie Street, Adelaide SA 5000

GPO Box 2716 Adelaide SA 5001

Telephone [phone] • Facsimile [phone]