Ann: NON-RENOUNCEABLE RIGHTS OFFER AND INSTITUTIONAL PLACEMENT, page-13

smoke only

" a) Andrew Wilson, CEO and Managing Director, intends to take up his entitlement in full. "

AW as of july 23 had 1.4 m shares...his entitlement is calculated using conversion of
4.86 to 1...is approx 288,000 and @ $.01.4 is only $4000 hardly reinforcing the capital
raise or the outlook...


and yet AW comments
" “On behalf of the directors, I thank shareholders for your continued support of Senetas and encourage
you to carefully consider this investment opportunity at an exciting time in the development of the Votiro
business.” "
AW remuneration package is around $600,000.....