Ann: Trading Halt, page-196

I have toying with sharing this email sent last night, however I feel so bitterly disappointed for my friends, family & colleagues who have all invested in ADO

Dear David,

I must say, today’s events regarding another capital raise have left me & many Anteotech shareholders completely floored / even speechless.

Hawkesbury Group representatives have been ringing Top 20 shareholders today explaining the company needed to have a strong balance sheet for your trip to Europe tonight - but also said the company had funds until April, 2025.

Why would the company dilute shareholders again - 3 capital raises in one year. Representative's from Hawkesbury recently told me it is important to have Institutions listed - however they appear to already sold on.

Those or similar institutions have now been given the chance to buy in again at 2 cents.Why not wait until after the European trip - the share price might have been 10 cents or more after potential deals or signed agreements come January, and then do a raise at 8 cents eg.

If the any European customers / investors wanted Anteotech to have a strong balance sheet - politely tell them the company has a number of large investors lined up with Government Grants ready to go.

So far your comment- you are the Custodian of Shareholder value is worthless

• The share piece is 1/4 from when you started.
• 3 capital raises in 12 months
• Nearly 45% shareholder dilution

Very disappointing -

10 days before the AGM I would surprised if any of the resolutions are voted in.