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## DIRECTORS' REPORT CONTINUED 

Super Cheap Auto Group Limited For the period from incorporation to 26 June 2004 

## INSURANCE OF OFFICERS 

During the period, Super Cheap Auto Group Limited paid a premium of $63,852 to insure the Directors and Secretaries of the Company and its Australian-based controlled entities, and the general managers of each of the divisions of the consolidated entity. 

The liabilities insured are legal costs that may be incurred in defending civil or criminal proceedings that may be brought against the officers in their capacity as officers of entities in the consolidated entity, and any other payments arising from liabilities incurred by the officers in connection with such proceedings, other than where such liabilities arise out of conduct involving a wilful breach of duty by the officers or the improper use by the officers of their position or of information to gain advantage for themselves or someone else or to cause detriment to the company. It is not possible to apportion the premium between amounts relating to the insurance against legal costs and those relating to other liabilities. 

## ROUNDING OF AMOUNTS 

The Company is of a kind referred to in Class Order 98/0100, issued by the Australian Securities and Investments Commission, relating to the “rounding off” of amounts in the Directors’ Report. Amounts in the Directors’ Report have been rounded off in accordance with that Class Order to the nearest thousand dollars, or in certain cases, to the nearest dollar. 

This report is made in accordance with a resolution of the Directors. 

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Brisbane 23 August 2004 

