Ann: Chairman's Address to Shareholders , page-6

"As our portfolio progresses towards commercialisation, we have refined our corporate messaging, improved
relationships with shareholders, and increased US institutional ownership. As a result, our achievements are
starting to be recognised by the broader market. We believe there is phenomenal potential upside on
successful Phase III data, future regulatory approval, possible partnerships, and other strategic initiatives."

The increased US institutional ownership is more than likely responsible for the last price hike in my view. We need more US institutions to buy more which will hopefully happen with a US Stock Exchange listing.