us cash, page-41

Losty,
The issue is that there is about $750m usd currently and since the sale of assets in late June, in AUD terms, $50m has disappeared as the AUD has appreciated against the USD.

Shareholders are concerned that, if no action is taken, we will see the cash, in AUD terms decrease due to the exchange rate with no benefit to OZL holders.

Hope this helps to explain the issue.

HT1