Ann: Proactive Investors One2One Investor Forum presentation, page-15

If I appear to be critical of management at times, please be reassured that I have full confidence in them and am grateful for the awesome job they have done and continue to do. I would also comment that success will be achieved and that there are seismic shifts in the world of investments, as evidenced by the radical decision of the Norway State Fund to cut its investments in oil and gas, that also highlight the future development of the Potash industry.