Ann: Appendix 2A, page-2

Hmmm…I’ve been waiting to see if anyone else has a view on this but only silence.

Alright, so, it seems that we have another 1,000,000 shares issued “...for NIL consideration on vesting of performance rights to employees as a long term incentive”.

No “employee/s” seem to be mentioned, so they will presumably be shared around management based on meeting whatever hurdle that the Executive set for themselves.

This of course follows the recent granting of 1.67 million shares to the CEO for NIL consideration also for a job well done.

I’m not sure how the Executive defined these performance hurdles or how they measure a job well done but, when all contributing factors are considered, a rising/ declining share price is, in my opinion, a pretty good gauge of how management are or aren’t performing.

In the case of RFX it’s frankly a definite fail grade and I view the rewards management are awarding themselves, both salary based and by way of options, to be an outrage.