Letter from Torchlight to RCL Group

02/07/2012 | 07:22pm

ASX RELEASE

8 February 2012

The Manager

Company Announcements Office

Australian Securities Exchange

4th Floor, 20 Bridge Street

SYDNEY NSW 2000

Electronic Lodgment Dear Sir or Madam Company Announcement Letter from Torchlight to Directors of RCL Group Limited

Attached is a letter from Torchlight Real Estate Fund Limited:

This document will be available on the RCL Group Website at www.rclgroup.com.au

Yours sincerely

Company Secretary

Ends

Further Information:

David Wightman

Chief Executive Officer

David.Wightman@rclgroup.com.au

Suite 202, level 2, 689 Burke Road, Camberwell Victoria

P +61 3 8320 7880 F +61 3 8320 7889 M +61 413 339 116

About RLG

RLG offers Securityholders geographic, project and product diversity, access to quality private developers and long-term potential for growth.

The current portfolio comprises interests in 16 residential land development projects located in Australia and New Zealand with a total lot yield on acquisition of over 9,900 lots. These projects are being developed by an experienced group of partners including PRM Property Group (in which RCL owns a 60% interest), Urbex, Metricon Group, Winten Property Group, and Links Living in Australia, and Darby Partners in New Zealand.

7 February 2012
Directors
RCL Group Limited
Suite 202
Level 2
689 Burke Road
Camberwell VIC 3124

PRIVATE AND CONFIDENTIAL

Dear Directors
We refer to the requisition for a general meeting of RCL Group Limited ("RCL") issued by LTHC Pty Limited ("LTHC") and two other shareholders of RCL dated 14 December 2011 ("Requisition") and the General Meeting of RCL which is due to be held on 15 February 2012 pursuant to the Requisition ("Meeting").
The Meeting will consider