Ann: Appointment of CEO and Non-executive Director, page-2

KGL investors have for which much to thank Chairman Denis Wood both for the way he has shouldered the Chairman/CEO role through these cash short years and for the way he has accumulated a following of fellow investors to carry us through. They were not playing Santa Claus of course, both Denis and his following have proved that their investing decisions have been astute, and they have done well, but have carried us along with them for which we should all give thanks. Clearly the road ahead is steep and the time for a full time CEO has come. If the CEO keeps up the pace that has been set by the Chairman we might expect fast progress with the new mine. Although most if not all administrative hurdles have been jumped, there is much hard slog coming. I wish the new CEO well in his new task, and I look forward to the market rerating this stock in the year ahead.