Ann: FY21 Full Year Results, page-23

Just finished listening to the Q and A session at the end of the presentation and a few things reiterated by the excellent management team:

There will be some form of capital management in the future and this may be a buyback or a dividend. "This is being seriously considered by the board".

Further strategic acquisitions can be paid for from free cashflow. The key here is FIBRE. "Our commodity is now an essential commodity".

No tax will be paid in FY22 so debt will be paid down more quickly.

'Uniti would be naive not to expect an offer. The business is in good demand with high recurring revenue". Management are hopeful that this will not happen as they see better prospects into the future.

Finally, management stated that the Opticomm purchase would not have happened without shareholder support. "It was a tough battle".

On behalf of all long term holders, Thank you for excellent results and management.