Ann: Updated Shareholder / Investor Presentation, page-7

It's not meant to be an appeasement document. If you read previous announcements you would have noted that there are a series of meetings with institutions this week - Melbourne/Sydney?? This looks as I would expect - a very typical investor presentation document with some update information.

Let's assume, reasonably so, that this series of meetings is the result of the Petra report. In that case you would expect these meetings to follow up on that report. you would also expect questions to be used as a mechanism for drilling into detail or seeking clarification. We too have the chance to do that on Thursday.

Alexium has quite rightly released the core document.

Why would you expect anything else?

Parsifal