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Matt ("Andrew Clarke") is feeling lonely because of Kathleen's decision to join Michael in Ireland for an extended visit. Meanwhile, Paterson's Ridge is preparing for the annual 'Man From Snowy River' horse race, and Matt succumbs to pressure from people who suggest he's a bit long in the tooth, and enters the competition. His decision was also due in part to defending the McGregor family honour, when he learns that Josh ("Daniel Daperis") is being bullied by boys, who are teasing him because no McGregors had entered the current race up until that point. Duncan Jones ("Hugh Jackman"), an old school friend of Rob's, arrives for a visit while his ship is in dry dock for repairs, and instantly catches the eye of all the local ladies. He's invited to stay at Langara, where he tells the family about his life in the merchant marines, but doesn't paint a very exciting picture of his experiences, declaring that it was quite boring, and causing Danni ("Kristie Raymond") to suspect that he is ...