Ann: December 2021 Quarterly Activities Report & Appendix 4C, page-3

Just two comments:
*Back in May 2021 AB Vista indicated a clear deadline for the TPM animal feed product assessment to be complete in line with the ban on zinc oxiide dosing as shown below:
*AB Vista Director of R&D, Dr Mike Bedford said: “Opportunities for an ingredient such as TPM® do exist
in this sector, but selection for commercialisation will rely on how TPM® performs relative to other agents,
both alone and in combination with our other actives. We aim to conclude our studies in time to identify a new
product to take to market prior to the June 2022 ban on high zinc oxide dosing.”
An update on progress could come sooner than expected.
*Just over one years worth of cash left at the current burn rate.
Kens