Ann: Change of Director's Interest Notice , page-10

hi,

EKA shareprice should track the AUT shareprice as both are in same area.

EKA has 1468 net acres while AUT has 15600 net acres

EKA has exactly half the number of shares of AUT (post raising)

So based on today's AUT closing price of 206 cents, EKA's shareprice should be

= 204 * 1468 * 2 / 15600 = approx 38.8 cents

This calculation totally ignores EKA's other holdings of 900 acres (not in sugarcane).

The areas are same, the cash on balance sheet ratio is same (EKA has approx $8.5 Million compared to AUT having $90 Million)

EKA's shareprice will rise soon (I think)