AUSTRALIAN PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION LIMITED

ABN 84 056 885 708

Notice of Annual General Meeting

Notice is given that the 2006 Annual General Meeting of the members of the Australian Private Equity & Venture Capital Association Limited will be held at 5pm on Thursday November 23rd at Quay Restaurant, Upper Level Overseas Passenger Terminal, The Rocks, Sydney, NSW 2000.

AGENDA

Ordinary Business

1. Apologies

2. Minutes of the AGM of 24 November, 2005

3. Annual Report by Office Bearers

4. Annual Report and Accounts for year ended June 30, 2006.

To receive and consider the annual financial report, directors' report and the auditors report of the Australian Private Equity & Venture Capital Association Limited for the financial year ended 30 June 2006.

5. Election of Honorary Auditors

6. Confirmation of Appointment of Representatives to Council

7. Other Business


Nominations for Council Members

In anticipation of AVCAL's 2006 Annual General Meeting, AVCAL calls for nominations for Council Members for AVCAL's Council for 2007 & 2008, to fill five vacancies that will arise at the AGM.

1. Nomination Form;
     Download Nomination Form
2. Consent to Act for Nominated Candidate; and
     Download Candidate Consent Form
3. Important Notes for Members in relation to the Nomination
    Process.
     Download Important Notes for Members

Please note that completed Nominations attaching Candidate Consents must be submitted by 5.00pm on Thursday, 12 October 2006.

All nominations and Candidate consents must be sent to AVCAL's Returning Officer, Mr Adam Laura of Gilbert + Tobin, Lawyers. Documents can be forwarded either by post, facsimile or email as per the respective details set out in item 2 of the Important Notes.

Following the close of the Nomination period, AVCAL will, depending on the Nominations received, determine whether a Ballot is required for the election of Council Members for 2007 & 2008. If a Ballot is required, Ballot papers will be forwarded to Members by 31st October. The result of the Ballot will be announced, and the Council Members appointed, at the Annual General Meeting.

If you have any queries in relation to the above procedures please email Andrew Green or direct them to the returning officer, Adam Laura

By Order of the Board
Mr Andrew Green
Chief Executive and Company Secretary