Ann: Change of Director's Interest Notice- Mi, page-8

re: Ann: Change of Director's Interest No... Yes that is what I did refer to r3067

We however we can now see Private equity is still circling PPX and PXUPA with Coastal increasing their holdings on the Hybrids at sub $10 .

I hold PPX and PXUPA weighted in favour of PPX and I hope PPX do start a buy back even if it is not substantial , ie the $2m purchase of the NZ business would of been a good amount as it would of taken $20m off the balance sheet liabilities .