content_image/127762.jpg content_image/127765.jpg
The ownership structure of the Company immediately prior to and at completion of the Offer is shown in the table below: 

<img src='content_image/127762.jpg'>

The Vendor Shareholder and Bob Thorn have entered into voluntary escrow arrangements with the Company under which they have agreed that, except in limited circumstances, they will not dispose of any Shares held as at the date of the Prospectus until the Company has reported its audited financial results for the year ending 30 June 2005. 

Under the terms of the Senior Management Team Share Plan, the participating executives are restricted from dealing with the Shares held under this plan, so that they may only sell up to one third of their Shares in each of the calendar years commencing on the first, second and third anniversaries of the date that the Company is admitted to the official list of the ASX. 

<img src='content_image/127765.jpg'>

## Voting Rights 

All ordinary shares issued by Super Cheap Auto Group Limited carry one vote per share. 

