Ann: Strong Improvements in FY2020 Annual Results, page-32

Hi Buckets. There will surely be Federal and Defence contracts in the pipeline after winning approval for LVT technology to be used in Government departments after a prolonged and extensive review process over 2/3 years. Their association with MS with its recent $10b government contact win will also have flow on benefits. With the 4 companies finally consolidated and their combined technology more effectively packaged I look forward to a significant rerating by the end of this financial year. No more acquisitions and positive cash flow will deliver a solid base and safety in the current environment, however this has come at the cost of very rapid growth rate. you can't have it both ways, at least simultaneously. An interesting year ahead. Regards, Tamborine