Ann: Notification of buy-back - ANL, page-2

Anything released at 6.13pm on a Friday afternoon is not going to be good.

Page 4 of Equal Access Buybacks:

Further, the Company has been in discussions with ASX with respect to the potential
removal of the Company from the Official List of the ASX pursuant to Listing Rule 17.11
(Delisting). It is proposed that that Shareholder approval for the Delisting will be sought at
the same meeting that Shareholders will be asked to approve the Second Equal Access
Buy-Back. Another reason why the Company is undertaking the Equal Access Buy-Backs
is to provide Shareholders the opportunity to sell their Shares prior to the removal of the
Company from the Official List of the ASX. ASX has not objected to the Delisting, which
remains subject to a formal application to be made by the Company.

Once it is delisted don't expect any information from them. The $39 million will be their own little piggy bank. This is sounding like a planned takeover and I wonder if someone is lurking in the shadows directing the traffic.