Ann: Response to ASX Query Letter, page-2

Will be interesting to see at what price the capital raising is done.

2. Has AO1 taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Yes. The Company is currently engaging with a financial services firm regarding an anticipated capital raising to meet the Company’s working capital requirements.

The Company has no reason to believe this anticipated capital raising will not be successful, and will provide an update once the details have been settled.