Ann: Pala Investments - Shareholding in Integra , page-16

re: Ann: Pala Investments - Shareholding in I... Some interesting facts:

• Pala Investments Holdings Limited acquired a 13.3% equity interest in Avoca from Goldfields, at a total value of A$26m, announced 22 January 2007

• Pala became the largest shareholder of Avoca and was invited to join the board

• Pala was later the cornerstone investor in a A$110m Avoca financing, taking 27.3% of the financing

• Pala is providing strategic advice for the development of Higginsville and other exploration projects

• Pala currently holds more than 19.0% of Avoca’s shares