Ann: Glengarry Achieves 90% Acceptance for Centau, page-4

re: Ann: CUR: Glengarry Achieves 90% Acceptan... We believe that the combination of Glengarry and Centaurus will deliver outstanding value for
shareholders, with the merged company having an excellent mix of extensive iron ore experience at
both a Board and management level, significant Brazilian iron ore assets and cash reserves in the
order of $9.1 million to progress the projects, Mr Gordon said.

I look forward to a strong future for the new merged company, as we progress our plans to build a
significant Brazilian iron ore business.

I as a shareholder look forward to the future.