Table of Contents

Cover Page

1

Chairman's Letter

4

Managing Director's Report

6

Operations Review

8

Petroleum Permit Interest Schedule

12

Directors' Report

14

Auditor's Independence Declaration

28

Corporate Governance Statement

29

Directors' Declaration

31

Consolidated Income Statement

32

Consolidated Balance Sheet

33

Consolidated Cash Flow Statement

34

Consolidated Statement of Changes in Equity

35

Notes to the Consolidated Financial Statements

36

Independent Audit Report

81

Additional Stock Exchange Information

83

Corporate Directory

86

FULL ANNUAL REPORT

6783-Nido_AR_Internals.pdf

Website

http://www.nido.com.au

Corporate Directory

Directors David Whitby, Chairman (former Managing Director)* Jocot de Dios, President and CEO* James Brown, Non-Executive Director Vincent Pérez, Non-Executive Director William Bloking, Non-Executive Director* Gregor Dixon, (former Chairman)* *Effective 6 February 2008. See page 14 of this report.   Company Secretary Marian Lamattina   Registered and Principal Office Level 3 1 Preston Street COMO WA 6152 Telephone: +61 (0) 8 9474 0000 Facsimile: +61 (0) 8 9474 0099 Email: nido@nido.com.au Website: www.nido.com.au   Share Registry Computershare Investor Services Level 2, 45 St George’s Terrace PERTH WA 6000 Telephone: +61 (0) 8 9323 2000 Facsimile +61 (0) 8 9323 2033

Solicitors Blake Dawson Waldron Level 32, Exchange Plaza 2 The Esplanade PERTH WA 6000 Telephone: +61 (0) 8 9322 7644 Facsimile: +61 (0) 8 9322 1506 Minter Ellison Level 49 152 – 158 St. George’s Terrace PERTH WA 6000 Telephone: +61 (0) 8 9429 7444 Facsimile: +61 (0) 8 9428 7666   Auditors Ernst & Young The Ernst & Young Building 11 Mounts Bay Road PERTH WA 6000   Stock Exchange Listing The Company’s securities are listed on the official list of the Australian Stock Exchange Limited.   ASX Code Shares: NDO