There are, however, a range of significant businesses in which Wesfarmers is a major investor, and some brief details are provided here, together with the relevant website address which includes more detailed information.

Queensland Nitrates Pty Ltd (QNP): Through our Chemicals and Fertilisers division (CSBP), we own a 50 per cent interest in QNP, located at Moura in the Bowen Basin in Qld, an ammonium nitrate producer and supplier to the mining industry. For further information please visit www.csbp.com.au

Bengalla coal mine: Through our Resources division, we own a 40 per cent interest in the Bengalla coal mine in the Hunter Valley in NSW, through a joint venture with Coal and Allied, a member of the Rio Tinto group of companies. The Bengalla mine produces steaming coal for domestic and export markets. For further information please visit www.coalandallied.com.au

Gresham Partners Group Limited: Wesfarmers owns a 50 per cent interest in the Gresham Partners investment banking activities. Through several Gresham Private Equity funds, we are involved in the ownership and development of several companies including Silk Logistics Group, Barminco Limited, and Witchery fashion. For further information please visit www.gresham.com.au

Bunnings Warehouse Property Trust (BWPT): Wesfarmers owns 23.1 per cent of BWPT, which develops and owns properties for our Bunnings business and other retail/commercial companies. For further information please visit www.bwptrust.com.au

Wespine Industries: Wesfarmers owns 50 per cent of Wespine Industries Pty Ltd, which operates a plantation softwood sawmill at Dardanup in WA. The sawmill has capacity to process in excess of 400,000 cubic metres of logs annually to produce approximately 200,000 cubic metres of structural and appearance grade timber for Australian and export markets. Market demand recovered in 2009/10, increasing by more than 40 per cent over the previous year.

Wespine employs about 180 people, an increase of 20 per cent on 2009, due to increased market demand. To September 2010, Wespine had recorded no Lost Time Injuries for more than two years.

Wespine purchases the majority of its plantation logs under a supply agreement with the Forest Products Commission (WA) which extends to 2033, thus providing long-term resource security for the business. A new facility to produce treated structural timber (Wespine Blue) was commissioned in September 2009, to satisfy increased demand for pest-resistant structural timber. For further information, please visit www.wespine.com.au

Sotico: Wesfarmers owns and operates Sotico Pty Ltd, which has a large landholding of some 11,800 hectares at Boddington, 110 kilometres south of Perth, WA, on which Sotico manages 3,300 hectares of pine plantation land and leases a further 1,000 hectares for eucalypt plantations. The balance of the land comprises native forest which is not logged currently. Sotico supplies over 30,000 cubic metres of pine log products to customers annually, including to Wespine. Sotico maintains annual certification of its Boddington site to Australian Standards ISO 9001 and 14001.

In addition, Sotico is progressively selling land which it owns in the Pemberton townsite in WA, a legacy of Sotico’s previous ownership of the Pemberton hardwood sawmill. Some 4.7 hectares of remediated land was transferred to the state in January 2010, which is reported in more detail on page 18 and five other subdivided lots have been sold to date. The remaining five hectares on two lots is being marketed at the time of report preparation.