As readers may be aware, a number of independent shareholders...

As readers may be aware, a number of independent shareholders are in the process of forcing changes in the administration of Verus Investment Limited. These shareholders are of the view that resolutions 1 and 3 in particular should not be permitted to pass. In addition they believe all of the Resolutions should be voted down in this instance so that changes can be properly implemented. A section 249D spill motion is under way which would require review of all of the resolutions. Those holders attempting to force these changes are doing so at their own expense for the benefit of all shareholders. They believe the effect of the resolutions will be to destroy share value for the smaller holder.

We strongly recommend that voters should direct their proxy by marking each Box under AGAINST for all 7 Resolutions. However, we recommend you should mark in the box on the proxy form which appears below the heading “Important for Resolution 4 and 5”.

So far an attendee to the meeting from the above independent shareholders has not been named as a Proxy. So at this time mark the Chairman square box. Please carefully fill in the form and either fax or email to Verus Investments Ltd Fax No 0893892099 or Email [email protected]
Please request a receipt verification of your form.

We may as yet secure a suitable person to attend as a Proxy. If so we will request that you keep another form ready to send directly to that person as directed, which you should name in the third from top long box of the form while leaving the Chairman square box unmarked.

For further details please phone. 0488200319 0414903649

WE would also like to hear from shareholders who will be attending the meeting.