initial jorc due in april, page-24

Saylor,

Your entitlement to new shares/oppies under the CR will be determined in accordance with how many shares (say 1m) you were holding as at the end of business on 26 MARCH 2010. As today (30 March 2010) is the ex-divi date, any shares that you purchased on market today are NOT entitled to particpation in the CR.

So, if you were holding 1m as at close of business on 26 March 2010, you would be entitled to purchase:

1) 90,909 additional shares @ 4.0c (i.e. 1,000,000 divided by 11 - 11:1) +

2) 22,727 free oppies exercisable @ 3.0c (i.e. 90,909 divided by 4 - 4:1 on the new shares)

Any shares purchased today will not be entitled to participate in the CR.

Hope that helps.