Ann: Change of Director's Interest Notice, page-144

Hi xx


I had my first Bowen Mango for the season tonight and it was most enjoyable. Looks like replacing the Pineapple for now.

CuDeco Management is slowly but surely getting Rocklands plant to the full-time production stage.

I agree with you though that it takes time and along the way CDU investors for whatever reason needed to sell and get on with their lives in another sphere of activity.

The thing that strikes me is the overall strength of the CuDeco share register. Excluding M&G the long-holding top shareholders are still there.

Some are trying assiduously to accumulate cheaper CDU shares but volumes are low and it must be hard work for them.

WM is confident it won't be too long now for shareholders to benefit.

cheers

Max