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

3: APPROVAL OF ADDITIONAL 10% PLACEMENT CAPACITY UNDER LISTING RULE 7.1A (SPECIAL
RESOLUTION)
Broadly speaking, and subject to a number of exceptions, Listing Rule 7.1 limits the amount of equity
securities that a listed entity can issue without shareholder approval over any 12-month period to 15% of the
fully paid ordinary securities it had on issue at the start of that period.
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Under Listing Rule 7.1A, however, an eligible entity can seek approval from its shareholders, by way of
special resolution passed at its annual general meeting, to increase this 15% limit by an extra 10% to 25%
(10% Placement Capacity).
Resolution 3 seeks shareholder approval by way of special resolution for the Company to have the additional
10% capacity provided for in Listing Rule 7.1A to issue equity securities without shareholder approval.
If Resolution 3 is passed, the Company will be able to issue equity securities up to the combined 25% limit in
Listing rules 7.1 and 7.1A without any further shareholder approval.
If Resolution 3 is not passed, the Company will not be able to access the additional 10% capacity to issue
equity securities without shareholder approval provided for in Listing Rule 7.1A and will remain subject to
the 15% limit on issuing equity securities without shareholder approval set out in Listing Rule 7.1.
Resolution 3 is a special resolution. Accordingly, at least 75% of votes cast by shareholders entitled to vote
and voting must be in favour of this resolution in order for it to be passed.

now why would they do something like that ??? any thoughts?