Under the DOCA and Letter of Transmittal, MIPL, in its capacity as bare trustee, is required to sell MBN Shares in respect of which it has received a Cash Out Instruction (Cash Out Shares) on market on 29 August 2014, 28 November 2014, 27 February 2015, 29 May 2015 and every 30 days thereafter until all Cash Out Shares have been sold (each a Cash Out Sale Date). MIPL has appointed Theta Asset Management Limited to assist it to comply with its obligations under the DOCA and Letter of Transmittal in relation to the sale of Cash Out Shares. At the date of this announcement, MIPL has received Cash Out Instructions from one of the Noteholders, representing US$700,000 of Notes and in respect of 1,525,300 MBN Shares. If there is sufficient demand on 29 August 2014, MIPL intends to sell all 1,525,300 MBN Shares on market at market price.
