Ann: CONTRACTS UPDATE , page-14

I have contacted management and in discussing the recent contract announcement I somewhat gather that the contract which mentions revenues from July, was previously expected to be included in June QTR. Thus this revenue has slipped into next year. I suspect that this and perhaps others has caused this half to be lower than they had previously thought, but still well up on last year. i am pulling my EBITDA expectations back from $25m+ to circa $23m for 2012. For reference 2011 recorded EBITDA of $18m. Still good growth and hopefully they hit the ground running in 2013!