Best way to participate in the IPO, page-9

hi imajin. i am only referring to the noteholder exchange, which is at a 2.5% discount to the HSO stock issue price. this works out to be 102.50 not $105

Under the Noteholder Exchange Offer, each Exchanging Healthscope Noteholder will be issued a number
of Existing Shares equal to the principal outstanding ($100 per Healthscope Note) on the Exchanged
Healthscope Notes divided by 97.5% of the Final Price.

$100 per note, add in 2.5% discount to stock price = 102.50 , not $105

applies for both holders

only the noteholder cash redemption(not stock) you get $105 for HLNGA