Ann: Investor Presentation, page-4

Nothing spectacular yet it appears to be all in good working order and sticking with latest guidance which is a positive. It is a solid base to be working from. The strong points and I think the next potential catalysts revolve around any updates related to these key comments:

1. In the Cover Letter "The Company also confirms that the refinancing of its existing facilities to more favourable
terms is progressing. Pioneer will provide an update in relation to its refinancing activity as
material developments occur"

2. Page 4 of the Preso "A backlog of PDPs (which increase during a downturn) is expected to drive
volumes significantly from FY22"

It has been a hard road these last couple of years. I am staying the course on the basis that they work back to their earlier trajectory.