Ann: Update on Placement/Cleansing Prospectus, page-11

Something positive seems to be underway with sell volume reducing in the low 4s while the bid depth keeps on growing with 10mn bid above 3.6 of which 7.4mn is bid above the recent CR of 3.8.

I recall we saw something similar in the low 3s with trading volume falling and bid depth volume increasing just before we went for a run into the 4s.

Trading activity so far this week looks like a repeat performance which should lead to a run from the low 4s into the 5s any day now as bidders are left with no stock to buy at these lower levels.

EB