Ann: CNM and Investec sign Financing Heads of Agr, page-3

re: Ann: CNM and Investec sign Financing Head... 2 lines that i liked in particular were

"Subject to certain milestones and conditions being met, Investec intends to provide or
procure funds of up to $250 million for the Project. It is intended that the Project be
developed in a Special Purpose Company jointly owned by Carnegie, Investec and other
investors, making the financing non-dilutionary for Carnegie Corporation Limited
shareholders."

and

"1,000,000 unlisted options over Carnegie Corporation shares with an exercise price of
$0.31 per share"

CK