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Marine Produce Australia

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					                              Marine Produce Australia
                                  Investor Update

Emerging Australian Seafood
Producer / Distributor

July 2005

                                   Listed 2003, specifically to focus on aquaculture

                                   142,809,692 fully paid shares

                                   Current market capital - A$15 million

Freshwater Lake “ Aussie Prawns”   Spun out of Maxima Pearling Group, Australia’s
                                   3rd largest South Sea Pearl Producer

                                   Strong commercial/technical links with Maxima

                                   MPA commercial production begins early 2006

                                   Two businesses: Prawns and Barramundi

                                   MPA on track to deliver revenue financial year
                                   2006/07 for both prawns and barramundi

Pristine Mangroves “Aussie Prawns”

                                     Diversified product producer
  “Aussie Prawns”
                                     Sustainably grown seafood
                                     Consistent volume commercial supplier
                                     Market driven
                                     Strong corporate governance procedures
                                     Strong identifiable brand creation and marketing
                                     Product quality control
                                     Australian identity
                                     Responsible corporate citizen
                                     Environmental credentials

Brussels Seafood Expo
                                     Business Philosophy
                                       Market Leader


                        To be a dominant player in the Australian seafood industry


                        Organic business growth
                        Vertically integrated approach – brood stock collection to direct

   Peter Fraser


                        Acquisitions of compatible earnings accretive businesses
                        Product / Further regional diversification
                        JV Partnerships
                        Sales / Distribution pipeline for other producers that meet our
                        specification standards

Brussels Seafood Expo
    Two businesses in
    major aquaculture
     growth sectors

“Aussie Prawns”

“Salt Water Barramundi Company”
             “Aussie Prawns”
             Darwin, NT - 2005

             MPA acquired “Aussie Prawns” in 2004 - A$3.5 million
             Previous owners spent in excess of A$9 million
             Let operation run down
             Since 2004 MPA renovating, broadening licences
             Restructuring operation

“Aussie Prawns” - aerial shot 2002,
prior to MPA acquisition and renovation
   “Aussie Prawns” Redevelopment Plan

Implementation commenced –
12 ponds in production end Dec 2005
Pond Renovation

                  “Aussie Prawns”

                  Significant progress
                  January 2004 - July 2005
                   6 hectares of pond renovation completed + 6
October 2004       hectares of ponds to be constructed end 2005
                   calendar year

                   Hatchery commissioning - September 2005

                   Larval Rearing - 120-tonne capacity, filters, algal
                   growout tanks and a laboratory. 3 water storage
                   tanks (120 tonne capacity), 3 Maturation Tanks
                   (120 tonne of capacity) producing 2 million prawn
                   larvae + per run

                   Brood stock collection exceeding expectations

                   Successful collection of brood stock “out of
                   season” and in areas close to its operations
May 2005
                   Scientific permits have been granted to allow MPA
                   to search and identify populations of “roed-up”
                   Black Tiger prawns

                   Developed valuable IP in the ID of brood stock
                   location, catching techniques, animal handling and
                   husbandry protocols, logistics and translocation

                   Approvals granted by NT Government for 42 ha
                   grow out ponds

July 2005
                                                         Due for Commissioning Sept 2005

Due for Commissioning September 2005

                                       New Hatchery under construction
                                       “Aussie Prawns” - July 2005
Black Tiger Prawn Brood Stock
- sourced by MPA
“The Salt Water Barramundi Company”
               Buccaneer Archipelago, WA
               MPA barramundi grow-out region

               Turtle Island

Crawford Bay
                                  MPA and Barramundi

MPA and Salt Water Barramundi

  Barramundi business started as a JV with Maxima Fish Farms

  Successful trials led to MPA taking full control in 2005
  Saltwater Barramundi
MPA controls all results, intellectual property, business plans, fish
stock, equipment, licences, approvals and suitable sites generated
by the joint venture

MPA / MFF formalising a MOU and Management Agreement giving
MPA access to, and use of, infrastructure at MFF’s Cone Bay facility
to commercialise the Saltwater Barramundi Project

Work commenced on the design and construction of a new
165 tonne nursery recirculation system on Turtle Island, Cone Bay.
Will accept up to 200,000 fingerlings at a time, first batches of
fingerlings scheduled to be sourced by September 2005

10 new 25 tonne polar sea cages in place by the end of 2005/06
financial year

Detailed operating procedures, systems and protocols for the
commercial operation of these sea cages being developed

Harvest plan proving up for Barramundi fish stock grown out during
the Joint Venture trials. There are currently 3 batches of fish, of
various sizes ranging from 1kg to 2.5kg, approximately 4 tonne,
being held in the 25 tonne capacity sea cage as part of this trial

Once harvested will be transported to Perth for scientific analysis,
processing, packaging and market testing

The post farm gate phase overseen by MPA’s marketing and
product sales distribution consultant, Peter Fraser
 Turtle Island
New 165 tonne recirculation tank system,
Turtle Island – June 2005
Barramundi Fingerlings
Sea cage prior to final
assembly - Turtle Island
25 tonne sea cage - off Turtle Island
Crawford Bay
- planned new MPA grow-out site
Licence application submitted
           Our Team
Management - strong financial/ strategic business

Farm Management - long term experience in
remote location marine aquaculture now applied to
MPA projects

Scientific - top scientific consultant/staff - proven
record in value add - productivity, disease
prevention, farm management techniques

Marketing - Australia’s premier and largest
international lobster distribution franchise and
their team value adding and marketing MPA
product globally

Environment - top environmental experts
consulting to MPA - Implementing best practice
sustainability protocols
Corporate Financing Milestones 2003+

Corporate Presentation
    Renamed and restructured MPA as a company suitable for
    Institutional Investors

    Bring on a major institution as a substantial shareholder

    SPEL - 15% shareholder – Board Seat

    Since 2003 raised A$7.5 million

    Completed A$4 million capital raising in 2005

    Broker/Analyst reports

    Broker support - domestic and international

    Banking relationships being consolidated

    Equity and debt financing options open to MPA

    Establishing a strong industry presence
 Business Strategy 2004 +

Restructure/refocus business

Rename business to reflect new strategy

Hire further professional staff

Fast track organic businesses to production

Secure additional grow out sites and licences

Establish processing capacity

Establish strong marketing franchise/links

Develop strong brands/branding

JV and acquisitions
                                                          Analyst and Media Coverage
                                                          - a growing interest in our company
                                                           Locked Bag No 30.                                                                          Tel. 613 9748 5033
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                                                            MPA: ON ITS WAY TO BECOMING A MAJOR IN AUSTRALIAN AQUACULTURE, A GREAT
                                                            GROWTH INDUSTRY
                                                            By Jenny Prabhu and Gerald Stanley

                                                            Dr Marc Faber in his “The Gloom Doom & Boom Report” cover dated March 29 elaborated further on an
                                                            earlier theme – that land area under cultivation is shrinking while greater affluence in under developed
                                                            countries mean higher demand for protein.

                                                            Dr Faber said the average South Korean consumes five times more animal protein per capita than those in
                                                            China, Japan 7 times more and Taiwan 9 times more. Per capital animal protein intake in the US is 11 times

                                                            Dr Faber said in the report, “It takes 10 to 20 pounds of plants to produce one pound of meat. In normal
                                                            terms this means that an “affluent” (average diet in a high income country) requires three times more grain
                                                            than a strict vegetarian diet. In addition, a diet higher in meat also requires more land: feeding the average
                                                            meat-eating American requires 3.25 acres of land per year. Conversely feeding a person who eats no food
                                                            derived from animals requires only 1/6th of an acre per year”.

                                                            Dr Faber did not dwell on one vast protein resource whose acreage is not being eroded by rising
                                                            industrialisation – the oceans, with the aquaculture industry still in many ways in its infancy, particularly in

                                                            In a February 2005 presentation, Marine Produce Australia’s (MPA) Executive Chairman, Ashley Zimpel,
                                                            said world aquaculture production in 2002 was 49 million tonnes and worth approximately $US61 billion.

                                                            China accounted for 27 million tonnes, Europe for 1.5 million tonnes, South America for 1 million tonnes,
MPA has featured in numerous newspapers, magazines and      North America for 600,000 tonnes and Africa for 400,000 tonnes with a little production in India,
                                                            Indonesia, Japan, Thailand, Bangladesh, Vietnam and the Philippines. Australia barely features as the
media coverage over the past 6 months including amongst     industry is in its infancy.

others:                                                     The US imported 249 million pounds of tilapia products for $US297 million in 2004 almost entirely from
                                                            Taiwan, $US871 million (394 million pounds of fish) worth of Atlantic salmon, with total shrimp imports of
                                                            1.1 billion pounds worth $US3.7 billion in 2004.

“The Australian Financial Review”                           The US Department of Agriculture in a report dated March 29 2005 expected higher catfish (the species

“The Australian”
                                                            most widely cultivated in the US – in freshwater ponds, whose acreage is falling) and trout (also cultivated
                                                            in freshwater ponds). Gross processor revenues for catfish in 2005 totalled $US686 million, with
“The West Australian”                                       306.8 pounds of product sold. Domestic trout product sales in 2004 were estimated at $US68.7 million,
                                                            with fresh water availability a major problem.
“WA Business News”                                          Australia is currently a small exporter of seafood/marine products, almost entirely wild catch. Australia
“Grow Fish”                                                 exported €52.4 million worth of seafood products to a European market alone which imported over €24
                                                            billion in 2002/03. The break up of Australian exports for that period is as follows: €27.3 million for
“The Australian Investor”                                   prawns; €16.6 million for pearls; €4.8million for lobsters; €2 million for fish fillets; and €2.6 million for

“BRW” and
                                                            other aquaculture exports.

ABC Regional Radio