Ann: Change in substantial holding from ZER, page-6

Hi Zebster
Zeta bought 38 million shares in the rights issue as per the shareholder notice. They also sold 3.4 million shares on market (which roughly offset earlier on market purchases of 3.2 million shares. The net result is that their shareholding increased to 265 million shares from 227 million shares. This still resulted in dilution as other entities in the Zeta group did not take up their rights. Personally, I wouldn't read too much into the shareholder notice - Zeta did invest $11 million under the rights issue.