"As a consequence of the above changes, Stantons International Securities’
valuation per Strategic share has been updated from a range of 28.80 cents to
40.57 cents, with a mid-point value of approximately 34.57 cents to a range of
25.16 cents to 81.09 cents, with a mid-point value of approximately 54.12 cents."
.............................................................................................
"4. CHANGE TO INDEPENDENT DIRECTOR’S RECOMMENDATION
The Independent Director recommends that Strategic Shareholders now REJECT
the Offer on the basis of the findings by Stanton International Securities in
the Updated Independent Expert’s Report and for those reasons set out in
Section 5 of this Supplementary Target’s Statement. The Independent
Director advises Strategic Shareholders to still consider the details set out in
Section 2.1 of the Original Target’s Statement."
