PORT DOUGLAS REEF RESORTS LIMITED(PDR)

Ferrier Hodgson confirm that a first and final dividend of .00055659c per share was made to the members on 5 September 2006

the liquidator is currently in the process of finalising the dividend to creditors - the balance of funds will be distributed to shareholders in accordance with a Return of Capital - it is anticipated this will occur in September

delisted following failure to pay its annual listing fee in respect of the year ended 30 June 2007

shareholders resolve that the company be wound up voluntarily and that Brian Raymond Silvia Chartered Accountant be appointed liquidator

company lodges its half year accounts and half yearly report

the company advises that capital returns of 1.5 cent per share (to the value of $3,627,731.57) were paid on 11 October 2005 and 1.1 cent per share capital return (to the value of $2,660,336.48) paid on 15 December 2005 (quite why it has taken almost three months to announce it, is a little puzzling)

company advises shareholders that the record date for the return of capital, which was announced as 7 December 2005, has now been re-scheduled - the new record date for the return of capital is 8 December 2005

directors have resolved that the final return will be 1.1 cents per share - directors are still looking at "several possibilities for the remaining company structure, and the available cash post the final capital return, and are pursuing various options with the aim of maximising returns to shareholders"

provides notice of Annual General Meeting to be held at SM Gibson & Associates, Level 2, 25 Saltwater, 30 Macrossan Street, Port Douglas, Queensland on Wednesday, 30th November 2005 at 10.00 am

we understand that on or about this date the company made a capital return of 1.5 cents per share

lodges annual report

at an EGM today the company passed the following resolution "That, for the purpose of section 256C of the Corporations Act 2001 (Cth), and clause 30.3 of the Company's constitution, an equal reduction in the capital of the Company, by way of a cash payment to holders of fully paid ordinary shares as at 7pm on the record date disclosed in the Explanatory Memorandum of $0.015 (1.5 cents) per ordinary share, be approved" - this resolution was carried unanimously

lodges Preliminary Final Report

advises an Extraordinary General Meeting of the company will be held at, Marino Moller Lawyers, Macrossan House, 19 Macrossan Street, Port Douglas on 19 September 2005 at 10.00 am

the sale of The Links Golf Course to Juniper Development Group is finalised today for the sum of $5.5 million

company advises it has entered into an unconditional sale contract for the Links golf course to Juniper Development Group for the sum of $5.5 million - settlement is scheduled to take place in early August 2005 - the board has resolved that a further return of capital of 1.5 cents per share should be distributed to shareholders - this capital return will take place sometime after the company receives the settlement proceeds from the golf course sale - as advised to shareholders in the Explanatory Memorandum on 31 March 2005, the board is now exploring the option of selling the company structure, and the remaining cash - it has been agreed that a time limit of sixty (60) days is being applied to this process

company advises that the return of capital has been finalised - on 14th June 2005 the company distributed the sum of $0.10 per share to all the holders of fully paid ordinary shares

we understand that on or about this date the company made a capital return of 10 cents per share

the sale of the following business assets to S8 Limited were finalised today; Radisson Treetops Resort - The Rainforest Habitat Wildlife Sanctuary, and - Cairns Rainforest Dome

the timing for the return of capital is that it will be made on 14 June 2005 - the proceeds of 10 cents a share will be sent to shareholders on that date

shares suspended from quotation following the announcement that the company will proceed with the sale of the Radisson Treetops Resort, the Rainforest Habitat Wildlife Sanctuary and the Cairns Rainforest Dome - the settlement date is scheduled for the 30 May 2005

a new timetable for the return of capital to the company's shareholders will be issued shortly, however it is envisaged at this time that the return will be distributed around mid June