Ann: Approach from Village Roadshow Corporation P, page-3

re: Ann: Approach from Village Roadshow Corpo... Back in 2003, Grant Samuel post a valuation for VRL of between 1,040 and 1,324 million dollars for the outstanding equity in VRL. refer page 3 of the Appendix (page 95 of 183 pages of total scheme document):

http://www.villageroadshow.com.au/press_releases/pdf/SchemeII_121203.pdf

Will be interesting to see what the assessed valuation of VRL will be today.

Regards

SP