Ann: Letter to Shareholders - Rights Issue Notice, page-6

Hi all.

I'll be taking up all my rights.

 Based on current sales trend its the old "licence to print money" option.

By 25 Feb its likely sp will be greater than offer price of 5.4.

Since sales trend was known at time GS drafted the offer, its almost as if the issue was deliberately done

now as a way of rewarding existing holders.

This appears to be a rare opportunity to buy with confidence in future near term trend in sp.

Cheers

E