Ann: Response to ASX Aware Query, page-4

Backtracking......

In terms of Performance Milestone 2, although the Board is of the view that the milestone has been satisfied (resulting in the accounting treatment set out in the Appendix 4E) the Board has subsequently formed the view that it would not be appropriate to issue the shares to the relevant directors associated with Performance Milestone 2 and will be making separate announcement to ASX to that effect.