Ann: Chairman's Address to AGM, page-6

"The future for our Company looks very bright."

"Our Company has been totally transformed. Your Board and Company management have innovated to
develop a new, very successful and high growth business; from and outside of our traditional core of schoolto-families communication expertise.
Spacetalk is a significant business, already over three times larger than our school business. We are now the
leader in the fast growing and huge new family wearables global market.
And, during this remarkable shift, we have infused the same higher purpose and ethical values into our new
Spacetalk business that drove and continues to drive our school communication business today.
I recognise that despite a tremendously successful year for the business, our efforts have not been reflected
in the Company’s share price. There are many reasons for this and of which your Board is acutely aware.
Shareholder return is a key focus and something we are working very hard to address. "