The cash consideration of C$6.50 per Share, represents:
-- A 53% premium to Talison's last closing price on August 22, 2012 of C$4.24; -- A 52% premium to Talison's 10 day volume weighted average price ("VWAP") of C$4.28; and -- A 59% premium to Talison's 30 day VWAP of C$4.08.