DIRECTORS' DECLARATION  Forming part of the Consolidated Financial Statements For the period from incorporation to 26 June 2004 The Directors declare that the financial  statements and notes of the consolidated entity. (a) comply with Accounting Standards, the  Corporations Regulations 2001 and other mandatory  professional reporting requirements; and (b) give a true and fair view of the Company’s and consolidated entity’s financial position as at  26 June 2004 and of their performance, as  represented by the results of their operations  and their cash flows, for the financial year  ended on that date. In the Directors’ opinion: (a) the financial statements and notes are in  accordance with the Corporations Act 2001; and (b) there are reasonable grounds to believe that  the Company will be able to pay its debts as and  when they become due and payable; and (c) at the date of this declaration, there are  reasonable grounds to believe that the members  of the Extended Closed Group identified in  Note 38 will be able to meet any obligations or  liabilities to which they are, or may become,  subject by virtue of the Deed of Cross Guarantee  described in Note 38. This declaration is made in accordance with a  resolution of the Directors. R D McIlwain  Chairman R E THORN  Director Brisbane  23 August 2004  SUPER CHEAP AUTO GROUP LIMITED ANNUAL REPORT 2004 79