Ann: Section 708A Notice, page-6

One of these days the supply of new shares being placed on the market from the conversion of options has to come to an end. The SP is suffering from a supply and demand problem brought about from the almost daily conversion and sale of AVL shares. Hopefully these are ending up more in the hands of genuine investors than in the hands of traders. I calculate there are around 400,000,000 of these yet to be converted before there will be an upward trend. I'll take the opportunity to make a little more hay while the sun shines as I do believe that AVL has a sunny future.