Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-4

Some raised the thought, viz, SITE Group Philippines (SGP) is a separate legal entity to SITE Group Australia (SGA).- SGP may own the lease on Clark -this needs to be looked into (otherwise why are the Philippine directors (including Wills V on his frequent visits to Clark) trying to sell the campus with no reports to the Australian shareholders about their progress in negotiations?. - which if this is the case, SGA shareholders can do nothing - Can Au shareholders sue in the Philippines?? Given court cases take 20 years there it may be SGA closes down bankrupt (once the Federal Court hands down its decision and it's hard to see the Full Court overturning such powerful lower court findings and the obiter dicta of the judge slamming SITE Australia) and Au shareholders get $0.00 while SGP is sitting on a 'gold mine'. It is said by locals that the property has vastly more value than is being reported - 30 hectares of prime property in the heart of Clark Freeport Zone next to a wonderful new large International airport built and run by Singapore Air, in the heart of Luzon controlled by President Marcos. Whatever value you think Clark is worth, multiple that by 20. The neighboring properties are huge industrial ventures run by the Koreans, the Chinese, Taiwanese and 4 new International hotels opened just minutes from the property!!