option allocation and cost calculator, page-5

Hadja,

>>My understanding of the offer itself, is that IF you SUBSCRIBE for 4 new options, you get 1 new 2011 option. THEN IF you EXCERSISE 4 new options, you get a further three 2011 options. In summary, if you buy and excersise 4 new options, (total cost 4x3c) you get 4 free 2011 options.<<

I now think that you are right and I was wrong.

Agree with you about the ambiguity. Have now down loaded the prospectus but do not think that it will make things any clearer.

Regards,

TerryA