Ann: Proposed issue of securities - CLZ, page-20

In Classic response to the ASX, they confirmed that $6,430,350 has been paid to GPE Pty Ltd. The plant was assessed by an independent assessor at approximately 3 million so over 3 million has already been paid for parts or work yet to be done. A large percentage of that money would have come from capital raisings from shareholders. So at this point in time, GPE has all the money or assets and CLZ has the 5 million in debt that has been rolled over. In effect, any value in the CO has been transferred to GPE