Ann: Sale of Surat Gas Unconditional, page-11

I have been up to Brisbane for an AGM plus chatted with management a few times trying to gauge the direction thy are lookimg to go down. The coal assets are the biggest asset which if Adani ever gained traction if they push forward will see real interest in the Blackoal project. On the flip side their is still hunger for coal into China and AUH has very strong Chinese connections through the board which own 59% of AUH stock. At the AGM i attended the Chinese part of the board was very determined to see value for their holding which lead to the change of name from Coalbank to Austchina Holdings which tied up a Aus/China connection with the intention to move on opportunities between the countries. I believe the 5.1 mill cash injection should see this stock as a real high potential turnaround play. The register is tight with the top 20 holding 85% with the top say 7 accounting for around 80%. Entities through my family have accumulated around 6% of this stock and am holding tight for the turnaround here. I have confidence the board are accessing opportunities that will see decent value add for holders. With a low cap and assets including the coal project, Utilitas biofuel 27% holding gaining traction and 5.1 mill cash i have this as a high potential turnaround play with a board i believe keen to see value here, especially seeing they own a huge % of the company. Holding tight here.