• “… if the Xstrata Proposal is approved, there will be a...

• “… if the Xstrata Proposal is approved, there will be a material value shift to
Xstrata and your Universal shares will be worth less.” – Your directors reject
this claim. The Xstrata alliance will deliver a range of benefits to Universal
shareholders on terms which your board believes are fair to both parties.
long term shareholders should ask url management if this statement is valid as of today.
url is again not answering my letters.