Ann: Ceasing to be a substantial holder, page-4

they may have increased their positions, they may have subscribed to the 0.157 offer but be under the new benchmark for ASX substantial shareholders notifications. If they did take part we may not know until late January( or when ever that is exactly). I didn’t pick up on Green and Brook well done. There is interest in ACR from some strange quarters, with a lot a shares now concreted in only a few hands. The top 4 shareholders have 63,509,000 shares. Phillips 31 million odd, That’s assuming Samuel Terry(10million)- DDH Graham (9.7 million) -JP Morgan (12.7 million) haven’t increased their holdings as well. Add the Chairman 5 million and CEO 4million close to 1/3 of the company.