Ann: Change in substantial holding from MIN, page-143

Gonsky, deleted. New Board sure have a bunch of tricks up their sleeves.

They'd be best to read NWE's Company Constitution and Corporate Governance Principles especially numbers 3,4 5 & 6.

Please follow the example led by the immedtiately preceding Board by following our Principles. They are there clearly spelt out with precise instructions for you to follow.

Look forward to your adoption of our Principles showing due respect for our Company's Integrity and Shareholder communication.