Ann: Caledon Acquisition Approved at General Meet, page-18

re: Ann: Caledon Acquisition Approved at Gene... I think its a bit harsh to say a rerate has been proven wrong Champ. A rerate may occur. There is a greater level of certainty to the takeover which adds certainty to ORDs option to buy-in. I dont think anyone could disagree with this.

The degree of the rerate is another matter. We cannot make this call i.e its opinions only. If the current SP is any indication there has been a negative rerate, which cant possibly be the case. It just goes to show you, what we think can make little difference to what the wider market thinks.