Ann: MANAGING DIRECTOR APPOINTMENT-AGY.AX, page-18

Great to finally see Jerko rewarded with a salary for his efforts in delivering a major turnaround for AGY since he took over along with Ranko. From a 1 million market cap company basically running as a shell he and Ranko have taken this to a comapny with some major assets now in Argentina. Not only did they seal very good assets but the people behind those assets and the terms around them have been brilliant in changing AGY from that dog stock to a Lithium development company on the fast track to production. We have seen a very organised plan come to fruition with acquisitions and cap raisings that have seen the transformation take place which puts AGY in a very strong position within the Lithium space in the market . These moves see AGY fully funded to move towards development of all key assets with serious upside potential for shareholders in the short term as well as through the coming 12 months as we move towards pilot plant production.

I invested back when AGY was at its bottom and looking for potential acquisitions on top of the wee mcgregor project. Bought a position and then spoke to Jerko who came across a a director keen to seriously turn AGY around. I have spoken to many directors over the years and most of my investing is done on investing in the people behind companies as well as the potential space they are in. Not always easy to judge them but after doing so for 17 years i look at what they have done and what they hope to do and if they tick the boxes then i continue to back the company. On all accounts here Jerko and the board have ticked the boxes and taken the company and my investment to greater levels then i had initially expected. When i initially invested and saw the board not taking a salary it was a clear sign that these guys were keen to deliver unlike many other company directors i see who continue to issue stock at discounts to feed their fat salaries with little regard for shareholders and dilution while also issuing themselves bonus options for doing nothing. On the other hand here these guys put their own $$ on the table in the convertible note and went about trying to transform the comapny. They have done just that and along the way not only took no salary but made sure cap raising were not done at lows and the last at a significant premium which shows their interests are aligned with holders. Finally Jerko after building the companies cash balance deservedly takes a salary and we see Alex get a package which sees him need to buy shares on market as well as convert his oppies and hold them over a 2 year period to receive more shares as his salary. Great form of remuneration which again aligns his interests with that of holders.

The next few months i believe will see a bigger transformation as the market wakes up to the potential unfolding here and how undervalued it is for where we sit. Key assets and key people are to me the recipe to success.