Ann: Cleansing Statement, page-7

$1.10 is basically 11c pre consolidation and 50% below ATH. Better than now but not amazing. And certainly not a motivational target (as it will be reached in the coming weeks or months). Where is the incentive for further growth then?

I wrote this to Management;

“Just saw the announcement which confirms this. Don’t think it looks good that the Lab has been asked to not release results till after the AGM where we are deciding on the 1 Bln NPV target and the options. Releasing the assays would have shown that the 1Bln NPV is basically a done deal, so a target for 2025 of 1 Bln is not a performance target. In fact giving that reward for this NPV levels means that you are not extra incentivizing growth post 1 Bln NPV. You could still make the NPV target more believable by targeting:- 1 Bln Post Tax- with a discount rate of 10%That would be a real and still realistic target for the next two years IMO. Or maybe split it in a lower target now with less reward and a higher target in the future with more reward?”

Sloppy IMO.