Ann: Trading Update, page-35

Perhaps someone can provide insight/knowledge here (Hottuna perhaps). In reference to the cash burn since 31st Dec where QIN claims cash receivables and equivalent of $89.9m would they have included in that figure the $27.5m for the 357ha of plantation for which the contract has only recently been terminated . Perhaps you can confirm if this value can be accounted for a cash equivalent within the $89.9m, if so would certainly explain the cash burn situation since end Dec to end May.

Thanks in advance