Ann: Completion of DDR Redemption , page-16

Agree but that was under a much different debt burden than the company may be forced to service under new arrangements (yet to be determined).

Also repatriating earnings while the US dollar is so weak would be unlikely to result in any meaningful distrubutions in the short to medium term in my view.

Best thing for MDT other than getting its debt position sorted and giving the market clarity around the ICR etc... is for interest rates in the US to start to rise ASAP on the back of stronger economic growth to bring the Aus dollar down a peg or two.

JT