Ann: Appendix 4C and Quarterly Update, page-29

I do want to share with all shareholders of SMN some information which i'm sure most of us realise already.

IMO this last quarterly was by far the best in terns of information, as well as an outstanding quarter's performance by AEM in all respects apart from the Boeing saga with CVM testing.

I sought to get clarification on a point wrt the quarterly re the CVM, which remains the elephant in the room. So today, about 2 hours ago I sent Ross an email simply to understand the point I was unsure of. Within maybe 20 minutes of me sending Ross the question, he responded, with a direct reply to my question.

IMO Ross Love is a very capable and committed professional and certainly SMN is very fortunate to have him on board as Captain. For all that has gone before there is no doubt the Company has got leadership that should ultimately prove itself to all us shareholders into the future, despite Boeing’s clear incompetence with the testing process.

I still hold the belief that CVM will ultimately become a successful and profitable technology for SMN, despite it being about 10 years too late!