directors’ report INDEMNIFICATION AND INSURANCE ROUNDING OFF AUDITOR Melbourne 28 August, 2001 Kimberley Edwards Managing Director Laurence G Cox AO Chairman Transurban City Link Limited This report is made in accordance with a resolution of the directors. PricewaterhouseCoopers continues in office in accordance with section 327 of the Corporations Act 2001. The Company is of a kind referred to in Class Order 98/0100, issued by the Australian Securities & Investment Commission, relating to the ‘rounding off’ of amounts in the directors’ report and financial statements. Amounts in the directors’ report and financial statements have been rounded off in accordance with that Class Order to the nearest thousand dollars. Pursuant to this indemnification, the Company has paid a premium for an insurance policy for the benefit of directors, secretaries and executive officers of the Company and related bodies corporate of the Company. In accordance with common practice, the insurance policy prohibits disclosure of the nature of the liability covered and the amount of the premium. Article 12.1 of the Articles of Association of the Company provides that to the extent permitted by law, each person who is or has been an officer of the Company shall be indemnified against liability incurred by the person in his capacity as an officer of the Company unless the liability arises out of conduct on the part of the officer which involves a lack of good faith. The Company also indemnifies each person who is or has been an officer of the Company against liability for costs or expenses incurred by the person in his or her capacity as an officer of the Company in defending civil or criminal proceedings in which judgment is given in favour of the person or the person is acquitted or in connection with an application in which the Court grants relief to the person under the Corporations Law. on the Financial Report of Transurban City Link Limited and Controlled Entity. et - . Co 34