Ann: Pause in Trading, page-17

Agree - good move. This whole things needs perspective. At the end of the day, there are claims in relation to the Exec Chair that are being investigated by the regulator. They may or may not have any substance. If they do, the company will deal with or possibly even dismiss the Exec Chair and move on - companies change management every day of the week!!

However, there is NO suggestion that there is anything fundamentally wrong in relation to the business or strategy of MNS.

• iM3NY continues to progress according to its current timelines, the Board of iM3NY (which is separate to MNS) is progressing to a proposed listing next year, iM3NY still proposes to commence operations at 1.8GWh and the listing is slated to allow it to rapidly advance to 10GWh,
• Beyond iM3NY, MNS as a company is well funded and it is moving forward on its other projects such as Nachu, etc.
• If the worst outcome of all this being a change in MNS leadership, then the Board will deal with that and move on.