visa mastercard, page-45

re: 24 million shares to hit the street Tex the company secretary Geoff Rann has advised that the 16m shares are part of the current share register and are not an additional 16m to be tacked on on to the current total shares on issue.

They have been escrowed for 2-3 years which soley means that they could not be traded until 30 June 2005.

If you continue to doubt please phone Geoff Rann on 02 8817 2803.

You are completely wrong in what you are saying.