Ann: Appendix 3B, page-9

personally, the positives for me are that they are continuing to grow and there is a real market need for the product they are offering. Microsoft’ continuing involvement and growth in teams reaffirms this for me. The largest affirmation for me is that the likes of Hyerfish and CYCL have chosen to sell with a substantial amount of stock exchanges in return. As I said previously, you don’t carelessly sell your founded business for stock in another you believe won’t be worth the paper it’s printed on in a few years time.

Livetiles is in a growth stage and will continue to be seen as volatile and a risk until the company affirms certainty to the market. I have faith they will affirm certainty in due course, for now, keep reinvesting into growth. I’ll be quite happy if this is worth $2 in 1.5 - 2 years