Ann: Company Presentation - World Satellite Business Week 2018, page-2

Well, they got one thing spot on. Nothing at all in that presentation is in anyway price sensitive.

Two things I noted.....first batch of Pearls now to be “launched in 2019”......no longer is it stated “first half nor quarter”.....market obviously senses this pushing back of timeline as well.

The other is that potentially, Ibhave never seen the word “potentially” used so often in an ASX announcement.

Potentially, I feel we may hit the low 4’s today on that announcement.

SAS certainly continue to underwhelm!!

All the best.

K