Dynamic Syndications lodged with Racing NSW on Tuesday all the necessary Australian Financial Services Licence required documentation to proceed with the public syndication of our 5 yearlings purchased recently at the Magic Millions on the Gold Coast.

Under AFSL requirements, licence holders are not allowed at law to quote horses for sale with any prices until ALL documents have been approved by the Lead Regulator.

Dynamic Syndications have adhered to this requirement hence why the yearlings we purchased have not yet been advertised for sale to date.

We are expecting confirmation from Racing NSW very shortly that our documentation is compliant and we are entitled to proceed.

Trainers have now been allocated to each yearling as follows:

STRATUM / BRIDIE BELLE Colt = Jason Coyle - Randwick

ROCK OF GIBRALTAR / COAT Filly = Kevin Moses - Randwick

MORE THAN READY / GOULD Filly = Kevin Moses - Randwick

HUSSONET / REDOUTE'S FEVER Filly = Kevin Moses - Randwick

EXCEED AND EXCEL / STAR PLUME Colt = Jason Coyle - Randwick

Dynamic Syndications recently spent a "significant amount" to have our documents revamped after recent changes to legal procedures to ensure continued ongoing compliance with the ASIC Class Order # CO02/319 as it relates to the requirements of Chapter 5C of the Corporations Act.

We believe we have yet again set the standard for the syndication industry to follow with the most detailed and transparent disclosure of relevant information ever created for client awareness and protection.

Included in the redesigned documentation is a re-worked Product Disclosure Statement and a new Racing Syndicate Deed as well as more detailed disclosure in attached annexure relating to costs, pedigrees, insurance, etc.

For our clients protection and to protect our investment in these documents, we have ensured that our new documents are the subject of Copyright (C)