answer from pbt

Dear Mr Stolwyk,

I can appreciate your position concerning some of the substantive issues affecting Prana shares. We have been working for some time on resolving the patent litigation involving the Greek company and we hope to be able to announce something positive in the near future.

In respect of the publication as you should understand this matter has always been outside the control of the company however it is our strong belief that the publication in every likelihood should be released before the end of the year.

In respect of the company’s P.R. we have reviewed this matter and have taken steps to remedy the lack of coverage. We will provide reference on the Prana website as to where the Science Paper can be accessed as soon as it is published.


Regards,

Richard Revelins

Company Secretary

Prana Biotechnology Limited
_______________________________

-----Original Message-----
From: G Stolwyk [mailto:[email protected]]
Sent: Wednesday, 22 October 2003 8:33 AM
To: [email protected]
Subject: Paper

The Managing Director,

Dear SIr,

I keep a List of Biotech stocks and refer to this on the influential Chat site Hotcopper.

PBT was one of the selected stocks.

However, I removed it from the List on Oct 7 due to my perceived poor PR of PBT, the litigation and the delay of publishing the results (Paper).

I did hear that the Paper had gone to the Printer but haven't heard anything since.

Since the removal from that List, the price has fallen.

I don't intend to put it back on till I get an answer as to what has happened to that Paper.

Could you please tell me when we can read that Paper on the Prana web site or is it accessable somewhere else.

I believe that Prana has underestimated the value of that Paper to the Investing public.

As mentioned, PRANA's PR needs improvement.

Yours faithfully,


Gerry Stolwyk