Nomination
      Notice

    Security
      Trust Deed - SMHL Global Fund 2007-1

    

      
        	
                To:

              	
                Perpetual
                  Limited

              
	
                 

              	
                ABN
                  86 000 431 827

              
	
                 

              	
                of
                  Level 12, 123 Pitt Street, Sydney, New South Wales

              
	
                 

              	
                (Issuing
                  Trustee)

              
	
                 

              	
                 

              
	
                 

              	
                Perpetual
                  Trustee Company Limited

              
	
                 

              	
                ABN
                  42 000 001 007

              
	
                 

              	
                of
                  Level 12, 123 Pitt Street, Sydney, New South Wales

              
	
                 

              	
                (Security
                  Trustee)

              
	
                 

              	
                 

              
	
                 

              	
                The
                  Bank of New York

              
	
                 

              	
                of
                  101 Barclay Street, Floor 4 East, New York, New York, United States
                  of
                  America

              
	
                 

              	
                (Note
                  Trustee)

              
	
                 

              	
                 

              
	
                From:

              	
                ME
                  Portfolio Management Limited

              
	
                 

              	
                ABN
                  79 005 964 134

              
	
                 

              	
                of
                  Level 16, 360 Collins Street, Melbourne, Victoria

              
	
                 

              	
                (Manager)

              


      

    

     

    We
      refer
      to the Security Trust Deed - SMHL Global Fund 2007-1 dated 2 May 2007
      between the Issuing Trustee, the Security Trustee, the Note Trustee and the
      Manager (Security
      Trust Deed).

     

    For
      the
      purposes of clause 6.3(a)(4) of the Security Trust Deed we hereby nominate
      12
      March 2013 as the date the Manager must not at any time cause the fixed interest
      rate period for any Mortgage to end on or after.

     

    A
      word or
      phrase (unless otherwise defined in this Nomination Notice) defined in the
      Security Trust Deed has the same meaning as in the Security Trust Deed when
      used
      in this Nomination Notice.

     

    Dated:    29
      May
      2007 

     

    Signed
      for and
      on behalf of

    ME
      Portfolio Management Limited

    by
      two of
      its Authorised Signatories:

     

     

    
      	/s/
              Andrew Galvin	 	/s/
              Timothy D. Barton
	Authorised Signatory	 	Authorised
              Signatory


    

     

    
      
        	Andrew
                Galvin	 	Timothy
                D. Barton
	Name (please print)	 	Name (please
                print)