Ann: Appendix 4C - quarterly, page-89

If this was the DOW, 20% is pretty much a market meltdown. For JAT it's also a huge drop in a couple of days and kneejerk reaction or not, investor confidence has been knocked a blow. JAT management need to make announcements as they happen good and bad - more transparency and duty of disclosure obligations. By not having manufacturing for a period of time and knowing the impact of Chinese holidays/festivals and even delays in store opening all have material impacts and as such are market sensitive and should have been announced. Leaving elements of bad news to be in a Q report that's released just prior to market close is a sign of trouble - hence more than just a kneejerk or otherwise reaction.

As a bye is JAT paying rent for the yet to open shop - wasting money???