massive royalty to biota 31m, page-5

Based on the latest Relenza sales of GBP 222m for 03/09 qtr, and with an exchange rate of say 0.4804, translates sales to A$462.11m.

Royalty for the quarter should therefore approximate A$32.4m and divided over 174.564 million shares in issue yields 18 cents per share per quarter.

I would hate to project this further out but at this rate, I am sure the subject of dividends for long suffering shareholders should be agenda item no.1 for the next Board meeting.