Ann: Notice of Annual General Meeting/Proxy Form , page-2

re: Ann: Notice of Annual General Meeting/Pro... With the AGM at the end of November i received my voting papers in the mail recently.

I am intending to vote against the remuneration report and suggest like minded shareholders do the same.

I believe that the remuneration of RQL executives is out of line on a peer comparison basis of <$100m MC companies.

This is especially relevant for companies that do not pay dividends to shareholders - i.e. share the love.

Whilst I have no illusions that my votes will result in the resolution failing it is intended to send a message to Directors that I believe their remuneration of executives (and themselves) is too high when considering:

(1) Operational performance of RQL in 2012
(2) Capital gains and dividends enjoyed by shareholders in 2012 (or lack thereof!!)
(3) Remuneration comparison with other $<100m ASX listed companies.

Cheers
John