Ann: Response to ASX Query Letter, page-318

I read somewhere that the performance shares was worth only $10m when it was issued. All the newspapers are emphasising now is that it is worth $500m! It is worth so much now because of the work they put in and the share price has gone up. It is really tall poppy syndrome we are seeing now. I wonder if ISX belongs to some well known personality like Packer, the newspaper would be patting on his back for a job well done.