Ann: Appendix 3B Options Exercised and Cleansing Notice, page-19

I'm a holder of both KRC & KRCOA (well I was until on Wednesday, I took the options up). I originally bought KRC at 0.009 cents & still holding the majority parcel of them which I took a small profit only to get some of my original investment money back. I have also accrued some more around 0.084 cent mark + I bought 100k x KRCOA at 0.034 cents when they came out = total cost of 0.134 cents (0.10 + 0.034) when converted to fully paid ordinary shares. I'm currently averaging 0.044 cents for my KRC shares, Excluding KRCOA conversion & bonus issue to come. I recently converted as I have already put money up for the original option price, being eligible for the bonus options (by converting my average price will come down) + as a committed shareholder I believe we have a good / positive future ahead with KRC so am happy to be patient & await upcoming Gold / Vanadium CS announcements. Ie the premium price I paid for KRCOA will be worth it.