Ann: Appendix 2A, page-2

Hello SO4. The issue of securities is all we hear about these days. How about an update on the progress of the plant commissioning, and some visibility on a few of the tougher questions posed about future capital raises (when it was widely perceived we were already “fully funded”), why this one was nicely discounted particularly for insiders, changes in foreign exchange impact on the business, staff movements, SOP prices, confirmation of when the product will be in farmers’ hands, etc.?

SO4 now has a bit of ground to catch up when it comes to investor confidence IMO. Sometimes you need to restate even the obvious and make an effort to shore up the market not just issue more shares. A CEO who seemingly goes mute when the road appears to be a little rough doesn’t help with a positive perception here. Communicate.