Ann: AGI Chairman and CEO AGM Addresses to Shareholders, page-44

Hi Guys,

I am thinking that people are looking towards the growth being achieved in the Americas and anticipating that this strong growth will be translated into even further AUD profits based on the weak Aussie economic data out and the anticipation of further rate cuts in Australia lowering the AUD.

Ultimately Australian sales should stabilise (and hopefully improve) but it is plain now that the international markets are going to be more important to AGI longer term and these are looking very solid.

What I am surprised about (and am admittedly new here) is that ALL seem to have much better branded games, seemingly partnering with HBO to market games such as 'Game of Thrones', 'Sons of Anarchy', etc. Looking at ALL's figures from the participation deals it seems that their games are doing c. 2x the daily sales than AGI's games are doing - does this sound right? And if so why would anyone place an AGI game vs. an ALL game?

Cheers
John