Ann: Annual Report to shareholders, page-2

Its pleasing to see the changes in top 20 over the past year. Existing holders increasing by 66m shares to 220.7m, rather than selling out and percentage increased from 30.5% to 36.3%, still not as tight as I would like to see though. Hopefully we will start to attract more larger, committed long-term holders over the next few months.

Of the ten key shareholders from the 2023 list, seven have increased their holdings considerably and both the top two are now substantial holders:

change

1. Retzos +7m
2. Zebina +13m
3. Nardo +2m
4. Daly +2m
5. BNP -1m
6. HSBC gone (may have transferred to Collin St)
7. Bell Potter +12.5m
8. Andrew Pat. no change
9. Mcdowell +1m
10. Lion Selection +5m

Those are the main changes however half of the next ten have also increased their holdings by 18m.

It's good to see we also had five new names join the list with around 42m shares, including Collins St which has now taken third place with 23.6m shares.