Ann: Renounceable Issue, page-3

Shafted all the option holder Frank !!!!!! you want us to exercise @.008 to PARTICIPATE! FORGET IT


Your options do not contain any right to participate in the Rights Issue. The purpose of this letter is
to give you notice prior to the Record Date of the Rights Issue and the opportunity to exercise your
options should you wish to participate in the Rights Issue.

If you wish to participate in the Rights Issue (to the extent of any Shares which would be issued to
you upon the exercise of your options), you must exercise your options in time for the resulting