Ann: Managing Directors AGM Presentation, page-3

I was there today.

overall it was very worthwhile going and I think AGMs and presentation should be recorded in this day and age.

it would push investor interest in the company.

large block of holders nearly 50% want Mahaloo sold. Use the proceeds to develop north mahalo, Galiliee and the other one in NSW.

Mahalo on its own is worth around 40-50 cents at least. The Mahalo development is definitely going ahead as applications are in. So the financial decision to develop is a formality since application were put in - as in if there is no intention to develop you don’t put these applications in.

company very undervalued overall and looking to slit assets

everyone very impressed with managing directors and management in their ability to push projects forward

santos originally didn’t believe in Mahalo but our management team got them to believe by smashing it out with hard work and pushing towards development.