gunns proposal to fail

As at Monday 14 December 2009, the following levels of proxies had been received for each relevant Scheme (shown as a percentage of total possible votes for each Scheme):

Resolution 4 - Appointment of Gunns RE

Scheme (% of total votes cast)

1998 (20.04%)
1999 (24.27%)
2000 (18.17%)
2001 (17.06%)
2002 (12.39%)
2003 (12.25%)
2004 (20.16%)
2005 (17.23%)
2006 (18.57%)

As Gunns need at least 50% in each scheme, and all schemes to approve the proposal, current indications are that its proposal will fail.