Ltr .....However, based on: • the current Conversion Price of A$1.80; • the principal amount of US$250 million (the initial face value, without including any amount for capitalised interest) being converted; • conversion being effected using a A$:US$ exchange rate of 0.66; and • the current number of Shares on issue, the maximum number of Shares that the Investor would be entitled to upon conversion of the Convertible Notes is approximately 8.0% of all Shares currently on issue.
