Ann: Variation to the terms of the Acquisition Agreements, page-2

At 13.07 on 4/12/14 a mugging was announced on the Australian Stock Exchange.

Shareholders of suspended stock Red Gum Resources were informed that the previous consolidation ratio was unachievable following suspension even though the share price had continued to trade at a discount to the ratio ever since 22nd September when a 25-1 ratio was announced. Whilst trading at a discount, the company made no adjustments and released a prospectus and a notice of EGM which shareholders voted upon in good faith.

Shareholders were today shocked to hear that the new ratio to be voted upon had increased from 25-1 to 44-1, massively diluting shareholders. At the same time, there were to be no adjustments to the vendor shares.

As vendors celebrated their potential improved equity stake in Red Gum, original retail shareholders who purchased shares expecting a 25-1 consolidation were in sombre mood.

We attempted to interview one shareholder as he exited Liquorland but he was too upset to talk.

For further information go to

www.illnevertrustcarmichaelsagain.com