July 2006

Welcome to the first of a regular communication from the Board of Directors of Rugby Gold Coast Ltd. The purpose of this communication is to inform you of the progress of the new entity and the direction we are heading.

Constitution

The constitution was officially registered with the Department of Fair Trading on the 8th June 2006.

Company Registration

The new company, Rugby Gold Coast Ltd has also been registered and we are in the process of applying for our A.B.N.

The Board reluctantly accepted the resignation of Peter Drake who resigned due to business and personal reasons. Under the terms of the constitution we have been empowered to appoint a replacement and have appointed John Potter. John brings an impressive background of business skills to our new Rugby family and a background in Rugby. We have also appointed two ex officio directors. An ex officio director will not have voting rights but will work on specific projects to assist the Board achieving their goals. We have appointed Willem de Vylder to ensure that proper due diligence is applied in all legal and financial matters concerning the company. Willem is ex C.E.O of Stadium Australia in Sydney and currently C.E.O of Permo Drive a multi national company based in Ballina. We have also appointed Ian Shapland to assist on Rugby Development. Ian has vast experience in the corporate sector and is currently Chairman of South East Brisbane Junior Rugby. Ian will be working on expansion of Rugby Gold Coast by developing strategies for possible growth from Beenleigh to Coffs Harbour.

Bank Accounts

New bank accounts have been opened with the National Australian Bank.
Auditors

We have identified and confirmed that Williams and Partners will be the appointed auditors until our first Annual General Meeting.

Business Plan

A business plan has been submitted to the Queensland Rugby Union, including our request for initial seed capital funding for a two-year period.

New Staff

Once we receive approval from the QRU of our request for funding we will be advancing the appointment of the new C.E.O, Operations Manager and Development Officers. The C.E.O. has already been identified and an announcement will be made shortly.

Facilities

We have negotiated with the Gold Coast City Council that we will have our administration facilities at the new complex, “Industry Central” at Varsity Lakes. The existing facilities at Nerang and Surfers Paradise will no longer be necessary. We have purchased new furniture and equipment to ensure our facilities are professional and attractive. RGC will have two offices, conference, meeting and staff rooms as well as a full time receptionist, who is employed by the GCCC. The facility will also have audiovisual equipment and ample parking. There will be workstations for the Development Officers and others.Two other companies identified by GCCC as business growth organisations will be sharing the facility in another three offices.

Website

A brand new website www.rugbygoldcoast.com.au will be launched in the next two weeks.

Upcoming Events

A “Celebration of Gold Coast Rugby” dinner will be held at Conrad Jupiters on Friday 13th October.More information will be made available in the near future.Also the Reds will be playing the Highlanders in a Super 14 trial match at Gold Coast Stadium on Friday 26th January 2007

Time Plan

A timing schedule will be forwarded to you shortly on the issues we need to address including the restructuring of the GCDRU, Breakers and Academy.

Yours in Rugby

Murray D’Almeida

Chairman Rugby Gold Coast Ltd