On the 26th September 2003, the Company advised that 21,325,000 restricted securities had been
released from escrow on 12 September 2003. The owners of these 21,325,000 ordinary shares
agreed to certain voluntary escrow conditions to ensure an orderly market in the Company’s securities.
These shareholders were approached by a broker representing a European investor with an offer to
purchase 4.25 million shares in the Company. The following shareholders accepted the offer to sell a
portion of their respective shareholdings in the Company at 70 cents per share in the amounts detailed
below.
SMY
sally malay mining limited
