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## SPECIAL PURPOSE REPORT 

Super Cheap Auto Group Limited For the 52 weeks to 26 June 2004 

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(1) The Adjusted Historical Financial Information is based on the audited results for the years ended 30 June 2001, 2002, and 2003. 

The Company has made various adjustments to the statutory historical information to arrive at the Adjusted Historical Financial Information included in this Section. 

(2) In the period ending 26 June 2004, the Group incurred share issue costs before tax of $15.8 million comprising of: 

• Costs of $1.7m associated with the implementation of the Senior Management Team Share Plan. 

• Costs of $13.9m associated with the repayment by Super Cheap Auto Pty Ltd of third party loans made to SCA Equity Plan Pty Ltd, the trustee of the Senior Management Team Share Plan, and to Bob Thorn to assist with the purchase of shares in Super Cheap Auto Pty Ltd; and 

• Ancillary costs of $0.2 million associated with restructuring Super Cheap Auto in preparation for listing on the ASX. 

These Expenses will not recur in the year ending 30 June 2005. 

(3) Earnings per share pre amortisation and share issue costs is calculated by using 106,429,622 ordinary shares as the denominator, being the number of shares on issue at the end of the period. 

