Ann: Half Yearly Report and Accounts, page-38

HI Ric,

Just to go through some of your points.

1) There is a $9m debt facility with ANZ. At Dec 31, $4.9m had been drawn down
Correct.

2) Deferred consideration at Dec 31 is $18.8m of which $12.8m is due in next 12 months. This may change if there is a change to the forecast used to calculate the amount payable.
Deferred consideration balance is $9,531,518 according to Note 8.
A mix of Cash and scrip payment (at 91.49 cents) was paid totalling $$8,827,978.

3) Reports says that deferred consideration may be settled by issue of new shares (note 8).
Correct, or a mix of cash and scrip.

4) Net cash from operation activities was $1.7m for the 6 months to Dec31
NPAT is quoted as $2,027 mill.. I think the figure you quoted was from 1st Half FY 2014.

Happy to be corrected on any of the above but that is my understanding.

As for the final payment for Pure Hacking (deferred consideration), it's anyone's guess on what terms that will be carried out. Perhaps the same as the initial payment, an approx. 50/50 mix of cash and scrip maybe? All scrip could be around 10 million shares, obviously depending on the agreed cash equivalent.

With the initial scrip payment, the shares were placed in escrow for 12 and 24 months, 50/50 split.

Cheers.