Update 42 | A response from Mr Paul Brown, page-8

As the requisitioning holder Paul Brown stated in his open letter to shareholders, TNG Corporate has not liaised with him
or his family office regarding today’s announcement by the company.

To that end, the narrative here is that the Board nor the new Chair would have actively engaged with other significant said shareholders. I wouldn’t anticipate any deals being done as active shareholder engagement is not a feature of this company - that’s like a long shot in betting terms.

So I would strongly suggest your theory is mis-guided but I respectfully acknowledge that view could be assumed.

The requisitioning members anticipated this action by Biddle. It’s an act of desperation to suggest Biddle is the white knight whilst keeping his mates in full employment. Biddle is so conflicted and lacks appropriate independence to serve us shareholders.

Let me say many in the T20 have full awareness of this. No level of lobbying at this late stage will swing votes. It’s just a facade and a misleading announcement that infers significant shareholders have been engaged. As I’ve said the current Board have lost all credibility and fiduciary duty to act in the best interests of the investors.

Hope this resonates for shareholders.