Ann: Appendix 3B and Cleansing Notice, page-4

No Soud. You are not reading it correctly.

Apart from recognising that some consultancy costs have been paid as shares rather than cash you seem to be completely confused.

The 5.22 million shares are designated in the announcement as fully paid ordinaries and not unlisted options. They are those issued to shareholders as a result of the SPP.

50,000 shares (~ &10K) have been paid to a consultant involved in securing the EU supply agreement. Personally, I favour this arrangement to using up cash that otherwise could be used to add value and would encourage it.

200,000 unlisted options have been issued to employees at a 24c strike price as part of the employee incentive scheme (approved by shareholders).

The consultancy payment would not have appeared in the quarterly report for two reasons. The report related only to activities during the 3-month period up to end September, and as a cash flow report share issuance would not have been included anyway.

Since you are referring to it, it is not hidden.

I hope this clarifies things for you.

‘POOR SHAREHOLDER’? Try to avoid the victimhood approach. It's wearing thin.

T7