Ann: Race investor briefing & updated presentation, page-51

Great pick up!.. My excel skills aren't as good as your auditing.

Looks like the R&D tax calcs (on a different table) had positive calculations and I must have forgot the (-) in the autofill formula to the P&L.

I just changed it and it only made a tiny difference due to the difference in SP book value (not many actually add this to their vals). This was the outcome (please remember this is based on a fair few calculated assumptions I made and it's easy for a stuff up just like I did. I've also added some pretty heavy discount factors in addition to only 5% use with PD-1 and PD-L1 expected sales in 2025 otherwise the outcomes are just so high!).



Thanks again for picking up my mistake.