Ann: Non-renounceable Entitlement Offer Documents, page-13

re: Ann: Non-renounceable Entitlement Offer D... Hi KirbieCat....

From Kalahari....
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....."Accordingly, in order to maintain its exposure in Extract, and to fully take up
its rights with regards to Extract's fund raising, Kalahari is pleased to
announce an associated funding, the details of which are being considered. This
may include a potential convertible bond/debt component in addition to equity,
details of which will be released in due course


"Importantly, our institutional investors have always been aware of the need,
and have actively encouraged us, to maintain our circa 40% shareholding in
Extract, as they recognise the huge upside potential of its assets. Indeed our
last fund raising of £17.89 million conducted in May this year, with new and
existing institutions, was considerably over subscribed. The Board is therefore
highly confident that the investor appetite for Kalahari's fund raisings will
be maintained and there will be little dilution for Kalahari following
Extract's funding".......

http://fool.uk-wire.com/cgi-bin/articles/20090825171801P3CA0.html
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So KAH are gonna have a fund raising,the size of which may give us a clue as to whether or not they want to maintain their 40% and what they mean by "little dilution"


Cheers!