Ann: March 2021 Quarterly Update and Appendix 4C, page-3

Strange volume of late, possible CR coming to pay back debt rather than pay interest to member of the board?

Number of pearls harvested does not exactly correlate to salable product. Atlas has never made this data available.....

Of pearls harvested you may have 50-80% marketable product, this will vary greatly with seasonal variations, oyster age and locations of harvest.

Atlas should give some guidance regarding individual location expectations, average pearl size and salable proportion.

Trade the trade, caution required.