Ann: AGM Chairman and CEO Presentation, page-40

WHAT IF?… WP/Anteris do their job a little better, in the past two and half years the Company has achieved little in sp appreciation, a peak at $29 down to the current level: despite in that time period pumping in how many CRs (?) and significant progress in the IP.

The figures for sp appreciation, 210%, since when and the MC increase 1800% since when look great, analyse that a little more closely; from a Company that was run into the ropes thru, arguably, failed business strategies, MC increase once taking into account for however many CRs were issued.

The stock still sits at 2 pennies pre-consolidation, forget about hanging your hat on how well the Company has done since then, what have they achieved in the last two and half years.

WP video interviews a waste of time watching; from 2 years or so the one on internal valuations, suitors interested, NASDAQ listing in the wings ect.

Highlight of the year was the last CR; no discount and no options attached, too much of the opposite probably has cost the Company dearly.

Mettle of WP/Anteris will be seen soon enough when the next CR is issued and if the same can be achieved again.

NASDAQ listing expectations, seemingly for once, are tempered, probably because with the history of this Company and promises they make it won’t come back and bite them IF it does not happen.

What a trudge this Company continues to be DESPITE the great IP it has BUT cannot sell in a meaningful way thru; sp appreciation and or a T/O or partnership deal.

IMO.