cdr now own 13.07%.. will they get 90% by 31/3?, page-8

re: cdr now own 54.9%...
6 April 2006

Commander passes 50% level of Volante acceptances

Statutory extension of offer by 14 days – Price Final, Closing Date Final


Commander today announced that its voting power in Volante Group Limited has increased to
almost 55%. As at 7.00pm yesterday, Commander had received acceptances of its takeover
offer for Volante Group Limited for 70,526,034 shares. This represents 54.9% of the issued
Volante shares.

This does not include shares the subject of acceptance instructions provided to Macquarie
Securities (Australia) Limited under the institutional share acceptance facility. As at 7.00pm
yesterday, the facility agent had received acceptance instructions in respect of 24,435,158
Volante shares. This represents an additional 19.0% of the issued capital of Volante.

Automatic extension by operation of law
As a result of Commander's successful achievement of over 50% voting power in Volante, the
offer period for Commander's offer is automatically extended under the Corporations Act by 14
days. This extension was not undertaken by Commander but is a law designed to ensure Volante
shareholders have additional time to accept the offer recognising control in Volante can now pass
to Commander.

*****The Commander offer will now close at 7:00 pm on Wednesday 19 April 2006.*****

Commander's offer cannot be extended beyond that date under any circumstances.
Commander urges all shareholders who have yet to accept the offer to do so as soon as
possible.

Commander has previously declared its Offer free of all Conditions other than the 90% minimum
acceptance condition and the absence of "prescribed occurrences”.

Commander Managing Director Adrian Coote said:
“Particularly pleasing is the high level of acceptances received from retail investors. While some
major shareholders have forwarded acceptances into the facility, many institutions are following
their in-house procedures and waiting for the final days to accept. With the retail investor
acceptances, acceptances in the facility and most remaining institutions having flagged their
intentions to accept at the last moment, we now have a high degree of confidence that the Offer
will succeed.

“Notwithstanding this increased level of confidence, Volante shareholders have no reason to
delay accepting the Commander Offer, which has been unanimously recommended by the
Volante Board in the absence of a higher financial proposal. Accepting shareholders will
receive the consideration faster than those acquired through the compulsory acquisition
laws.

“Volante shareholders are reminded that Commander’s Offer price is final and no further
extension to the closing offer date can or will be granted. This means there is no reason to delay
accepting in the hope that there will be a further development in the offer”.

Commander has offered $1.15 in cash, comprising a cash consideration of $1.05, the cash
interim dividend of $0.02 (fully franked) (to be paid on 7 April 2006) and a cash special dividend of
$0.08.

Mr Coote said that Volante shareholders who had yet to accept Commander’s Offer now had a
clear choice – accept by 19 April 2006 or risk a reduced share price if Commander’s Offer fails.

“Volante shareholders should be aware that the volume weighted average price (VWAP) of
Volante Shares for the month prior to Commander making its Offer on 23 December 2005 was
$0.81, and that Volante shares traded as low as $0.65 in December 2005.”

Regards,
Snake13.