National Intermodal Corporation Limited

National Intermodal’s Constitution has the following key features: a statement of it objects the powers and obligations bestowed on officers of the company limitations on National Intermodal’s powers by reference to Australian Government Policy, the Company’s Commercial Freedoms Framework and the Shareholder Ministers' Statement of Expectations express powers of Shareholder Ministers obligations relating to the issuance of shares and payment of dividends to the Commonwealth and the role of the Board and a corporate indemnity for Directors. National Intermodal and its wholly-owned subsidiaries are subject to a Commercial Freedoms Framework. National Intermodal has a Funding Agreement with the Commonwealth, which formalises the intention of the Commonwealth to provide equity funding to the company in order for it to meet its approved objectives, including construction of the Moorebank Intermodal Terminal. National Intermodal has fully paid ordinary shares in issue, all of which are owned by the Commonwealth. National Intermodal has access to private debt through a syndicated revolving credit facility.