Ann: Director Appointment/Resignation , page-10

Hi Lefevre,

I'm quite certain the gentlemen at Alto Capital will be very pleased to learn that you liked their research report, and more importantly, that it triggered you into buying some stock.

Peter Hayes and Alto Capital have been very strong supporters of ATQ over many years and continue to be so. Peter is one of the Company's largest shareholders and Alto have played an important role in supporting the transition to the new Board and management team under Graeme Robertson.

I know Peter and the rest of the team at Alto share my confidence in the future direction of the Company.