Ann: Appendix 3B , page-24

Hi Fergusg

Personally I have no issues with PP shares. My question / interest was only about the governance with them.

I agree with you that the notes to the "contributed Equity" clearly shows the 1c was payed.

So by the fact that the funds show in "contributed Equity" only strength my view that 3Y's should have been issued by any director that paid the 1c. If they do expire after 10 years then a 3Y should also be produced showing the number that expired.

That said, I can not see how he can get out of it for the ones issues in the above 3B.