CTP CHANGE OF OWNERSHIP, page-59

Todays ARU announcement of US$115 million German Export Credit Agency untied loan guarantees to Euler Hermes moves ARU very close to its goal of debt funding for Nolans Project. CTP's new annual recurring AU$20 million income from Nolans is further confirmed. Confidence in CTPs ability to begin paying 6 monthly 1c dividends keeps growing. First step for shareholders to bring dividends about is match timing of lodgement 249D so can be dealt with in necessary EGM same day as AGM. 249D can call for removal of 3 Directors. When Board declares 1st 1c dividend 249D may then be withdrawn should shareholders choose so. Funding for Mount Kitty, Mahler, Dukas is provided by free-carry farm outs. Higher recurring income also leaves money for other projects.