Roadshow feedback, page-28

That was not the impression I got, mrm. I suggested to the CFO, that Ceto 5 was in effect obsolete, he said in effect it was, he then went on to explain how important Ceto 5 had been in getting to the next level, without it we would not be where we are with Ceto 6..

He highlighted some of the advantages that Ceto 6 will have that makes it the preferred option in all localities.

Some of those were:

Quick and easy deployment in high energy locations. The deployment window will be down to 3 hours.

No requirement for heavy lift barge and crane to install 20 tonne pod on sea floor.

All maintenance can be done alongside at a wharf or dock, where they will only need to pop the top of the buoy to get at all of the gear.