same value on nasdaq listing, page-20

Hi Birdman. That would be Fraser Brown.

The exact exchange was (and I've deleted my real name etc, and Fraser's addy to avoid spam but we all know what it is):



Hello *****, thank you for your message. I also received your message through our website contact form.

You are correct. At the time of the NASDAQ listing, your TZL shares will be converted on a 1:1 basis into shares of the NASDAQ entity, TZ Group Inc.


Regards,

Fraser Brown
Communications

TZ Limited
Email: f.b**[email protected]
Ph: +61 (2) 8233 6123
Cell: +61 (0)432 020 678
Level 1, 37 Bligh St
Sydney, NSW 2000 AUSTRALIA

www.tzlimited.com

On 19/07/2008, at 4:22 PM, ****** wrote:

> Dear Mr Brown,
>
> As a TZL shareholder, I have a question regarding what will happen to TZL shares in the event of a NASDAQ listing. Can you please confirm that current TZL holders will be offered one NASDAQ share for each ASX listed TZL share held? I'm told that you are the relevant person to contact.
>
> Thank you very much.
>
> *****