Ann: Becoming a substantial holder, page-6

Off market transfer.....probably from an existing Top 10 holder based on the amount of stock purchased.

Very interested to obtain further details of the Acquisition Strategy.  How big are TNT going to go?  Shoot for the stars?  Small acquisition, or big acquisition, or multiple acquisitions?

With Geoff Lord and Belgravia Capital behind TNT, obtaining capital shouldn't be a problem.

All eyes are on the TNT Board to see if they can Execute the Acquisition Strategy. 

If they can.........well, in 12 months time the true believers will be smiling.  5c a share will seem like a distant memory.