Corporate Since the date of this report a placement has commenced for working capital. ERMS / EARS Technologies Based on an independent valuation of the technologies at 30 June 2005 at $18.9 million, the Directors believe the eventual commercial worth of the combined ERMS/EARS suite of technologies is substantially in excess of the retained balance sheet carrying value. Lead Auditors’ Independence Declaration under Section 307C of the Corporations Act 2001 The lead auditor’s independence declaration is set out on page 6 and forms part of the directors’ report for the half-year ended 31 December 2008. Dated at Sydney 27 February 2009. Signed in accordance with a Resolution of the Directors M. J.
APG Price at posting:
3.5¢ Sentiment: ST Buy Disclosure: Not Held
