AWB Limited - Corporate Structure

Corporate Structure

AWB Limited is a holding company owning a number of subsidiaries. Its shares are freely traded on the Australian Stock Exchange.

AWB Limited has a number of subsidiaries. Some of these subsidiaries exist due to legislative requirements relating to the operation of the single desk; others exist for the purpose of controlling credit risk. As of early 2006, they are:

• AWB Limited - the holding company
• AWB (International) Limited - the corporation authorised by federal legislation to export wheat under the monopsony
• AWB (Australia) Limited - domestic wheat trading and export of non-wheat grains
• AWB Services Limited - provides services (e.g. financial services, IT services, asset management) to the rest of the AWB group
• AWB Harvest Finance Limited, AWB Commercial Funding Limited, and AWB Riskassist Limited - provide finance and financial risk management for wheat export transactions
• AWB GrainFlow Pty Ltd - provides bulk grain handling and transport facilities
• Landmark (comprised Landmark Operations Limited and Landmark (Qld) Limited) provides finance, insurance, real estate, commodities trading, farming equipment sales, etc. to Australian farmers (including other agricultural sectors such as wool and livestock)

AWB announced a new strategy in 2009 to simplify and de-risk the business. This resulted in the divestment of the financial services loan book to ANZ in December 2009.

In March 2010, AWB announced the signing of a memorandum ot understanding to sell the Geneva business and to joint venture the local grain trading business.