Ann: Administration Update, page-6

Should the DeedAdministrators discover supporting evidence indicating further breaches/offences of the law, then they are required toreport these to ASIC in a timely manner.

The Deed Administrators have been contacted by various shareholders with concerns about the conduct of the former boardof directors. Those shareholders have made requests for Company’s books and records in this regard.

Please note that it is in the Deed Administrators’ opinionthat if the Company does not proceed with the Proposed DOCA and is placed into liquidation, then there is unlikely to be anyreturn to creditors and/or shareholders.