Notice from managed investment trust and estimated tax components of the 31 August 2011 half year distribution

In order for custodians holding Ardent Leisure Group stapled securities on behalf of non-resident investors to apply an appropriate rate of non-resident withholding tax, the manager of Ardent Leisure Trust (the Trust) is required to publish a statement that the Trust is a managed investment trust for the purposes of Sub-division 12-H of the Taxation Administration Act 1953 for the particular year of income. 

The Trust should also publish a statement clearly identifying each of the individual taxation components that make up the distribution.

If the Trust does not state compliance to Sub-division 12H on the distribution notice and does not issue any component information, custodians are required to deduct non-resident withholding tax over the entire distribution.

Ardent Leisure Management Limited, the responsible entity for Ardent Leisure Trust ("Trust"), declares that the Trust is a managed investment trust for the purposes of Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953, in respect of the income year ending 30 June 2011.

For the purpose of Section 12-415 of Schedule 1 of the Taxation Administration Act 1953 (Cth.) estimated tax components and a 'fund payment' amount for each distribution is advised to investors and announced to the ASX when distribution payments are made. However, Australian resident security holders should only use final tax components shown on the annual tax statement (usually issued to them in August each year) when completing their tax returns.

As detailed in the table below, the interim distribution of 5.0 cents per stapled security includes a "Fund Payment" of 0.29298 cents per stapled security, pursuant to Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953.

*All amounts shown as cents per stapled security
**Dividend income relates to dividend income received by the Trust was fully franked

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Management Cost Statement

In accordance with the Corporations Act 2001 and in order to assist investors to understand the cost of their investment in Ardent Leisure Group, the manager of Ardent Leisure Trust publishes an annual statement of Management Costs.

Management Costs represent the total cost incurred by securityholders for their investment in the Group.  They include costs such as base management fees, performance fees, registry, custody, accounting and other administrative fees.  They do not include costs that would be incurred if an investor invested directly into the Group’s assets.  These costs do not directly affect the market value of securityholders’ investments in the Group, although these costs reduce the income distributions paid and therefore may have an indirect impact on market value.

 A history of total Management Costs is as follows:

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Allocation of Cost Base