franked, page-2

Hi Codlips,

In the half yearly presentation, on slide 16, under "income tax" OZL reports

"unrestricted (tax) losses expected to be exhausted in the second half (end dec 11) resulting in a provision for tax in 2011 (bal sheet) and associated tax payment in 2012"

"tax payments in 2012 would allow franking of dividends"

Items in brackets are my comments.

Based on the above, the dividend that is paid in sept 2012 would be either partially or fully franked.

Hope this helps.

HT1