Ann: Quarterly Activity Report & Appendix 4C, page-6

Movements compared to the last quarter are shown below - interestingly, a decrease in the 10,000-100,000 category, but an increase in the categories on either side of it. The big fish at the top end continue to accumulate which is a reassuring takeaway from these numbers. The big fish know what is in the water. Also interesting is the increase in number of share holders at the 0-1000 level - perhaps reflecting what some have alluded to where there are some new holders with a minimum number of shares that have been purchased solely to be eligible for options and piggies.

I also like this statistic - under 20% of the total number of shareholders hold 91.5% of the value of Race. A very useful number come deal/voting time.