46 DIRECTORS' REPORT CONTINUED Super Cheap Auto Group Limited  For the period from incorporation to 26 June 2004 INSURANCE OF OFFICERS  ROUNDING OF AMOUNTS  During the period, Super Cheap Auto Group  Limited paid a premium of $63,852 to insure the  Directors and Secretaries of the Company and its  Australian-based controlled entities, and the  general managers of each of the divisions of the  consolidated entity. The Company is of a kind referred to in  Class Order 98/0100, issued by the Australian  Securities and Investments Commission, relating to the “rounding off” of amounts in the  Directors’ Report. Amounts in the Directors’  Report have been rounded off in accordance with  that Class Order to the nearest thousand dollars,  or in certain cases, to the nearest dollar. This report is made in accordance with a  resolution of the Directors. The liabilities insured are legal costs that  may be incurred in defending civil or criminal  proceedings that may be brought against the  officers in their capacity as officers of entities  in the consolidated entity, and any other  payments arising from liabilities incurred by  the officers in connection with such proceedings,  other than where such liabilities arise out  of conduct involving a wilful breach of duty  by the officers or the improper use by the  officers of their position or of information to  gain advantage for themselves or someone else  or to cause detriment to the company. It is not  possible to apportion the premium between amounts  relating to the insurance against legal costs and  those relating to other liabilities. R D McIlwain  Chairman Brisbane  23 August 2004