Ann: ASX Update on status of ASX Directions, page-499

ASX received the full report at the same time ASX received the management summary, aka "the findings". The full report was the detail that supported the findings. The directions required only the findings to be released to the market.

ASX is attempting to require ISX to release the full report which has confidential information and, I would imagine, data which taken out of context would allow the press and down-rampers, who apparently have no wish to supply the entire picture, the ability to take things out of context and report according to their own individual motives. Clayton Utz's summary is the only clear indication of what is relevant. Clayton Utz would not sacrifice his company to put out a false report that is favourable to ISX, unless the facts indicated as such.

There is sufficient reason to question whether ASX knows that if they release the entire report ISX would have a valid reason to charge ASX with releasing confidential information with false and misleading conduct. Their only option is to force ISX to release it or badger Clayton Utz into changing the summary to include something negative about Visa and/or any disclosures relevant to the AGM resolutions.