Letter, page-7

I am sure you don't need to apologise for giving your support to the existing outfit Kit, but there is a little twist of irony in your observation that John's letter is very selective in its approach.

The selective and superficial information shareholders have been given ove the past three years by the B&M may fulfill your needs, and it would seem you are comfortable with the languishing share price and the very lithargic efforts to remediate the RGN well over the past 11 months?

My point is; If you are happy with the status quo, I think I can safely assume that you do not have very high expectations of their future performance if the changes we working to achieve cannot be brought to bear at the AGM due to insufficient support from some complacent share holders.

Our collective efforts to intervene are about pressing for a better deal for all shareholders, and I can understand and accept that your position is more about self interest.

Change will eventually occur. The CBA AGM signal was loud and clear.

Besides, looking at what your shares are currently worth, what have you got to lose by supporting the push for change?