ECT Chairman available for Q&A, page-15

Hi Glen in light of the NMDC fiasco and the way you were treated led along or whatever the term you or I would like to call it

You say there is interest from other parties ref the matmor process

In light of this boards experience in India

Should another party come forwards, would you take a more direct approach before engaging with the potential partner

Ie would you be more direct this time in your handling of negotiations

I suppose what I am saying is would you lay down a set of ground rules without compromise before going down the matmor road again

What would you install the next time around to give shareholders the confidence that it would not be the same old same old here we go again in India

I understand there are no guarantees as we have all recently learned, but you must instil confidence into the market somehow especially after so many let downs

Many thanks

Sam