Toll Holdings Limited - s.87B undertaking

Withdrawn 27^th March 2006 - Toll undertakes not to waive the condition in clause 16.12(b) of Toll's offer to acquire all the outstanding shares of Patrick Corporation Limited, and not to acquire any legal or equitable interest in any shares in the capital of Patrick, to acquire any business of capital assets of Patrick before the close of Toll's Offer or to seek to have any person appointed as a director of Patrick before the close of Toll's Offer.