For further information on Mahogany Capital Limited please contact your financial adviser or broker, or your nearest Grange Securities Limited office.

Grange acts as Mahogany's Lead Manager for all of its issue of Notes.

LEAD MANAGER              Grange Securities Limited 
                                       www.grangesecurities.com.au

Sydney
Level 33, 264 George Street, SYDNEY NSW 2000
GPO Box 83, SYDNEY NSW 2001
Free Call 1800 651 541
Ph:  (02) 8259 4800
Fax:  (02) 8259 4811

Melbourne
Level 25, 333 Colllins Street, MELBOURNE VIC 3000
PO Box 247, Collins Street West, MELBOURNE  VIC 8007
Free Call  1800 651 541
Ph: (03) 8613 8000
Fax: (03) 8613 8001

Brisbane
Level 38, Riverside Centre, 123 Eagle Street, BRISBANE QLD 4000
GPO Box 1893, Brisbane QLD 4001
Free Call 1800 730 001
Ph:  (07) 3229 5177
Fax: (07) 3229 4738

Perth
Level 17, Citibank Building, 37 St Georges Terrace, PERTH WA 6000
GPO Box 2521, Perth WA 6001
Free Call 1800 118 848
Ph:  (08) 9220 5600
Fax (08) 9220 5611