Ann: Presentation to AGM, page-5

At the PTL AGM, some questions were asked.

A shareholder asked why WOW growth only 12 per cent v. COL at 19 per cent? The MD said that COL was quick to range new products (disinfectants) during the COVID period but they weren't ranged in WOW.

WOW has a supply contract with Energizer batteries that has three years to run, so it doesn't range Duracell.

White King bleach lost some market share in one period due to PTL focusing on the disinfectant range. However this has now been crawled back with White King now enjoying 70 to 80 per cent market share.

I detected some reluctance on the MD's part to answering these questions which is understandtable when one has international competitors constantly breathing down one's neck.

Overall it was an informative meeting with very good (and pretty positive) updates that were detailed for a small company.