Ann: Intueri Education Group - AFR article , page-8

I don't disagree that I prefer the rationale to hold Intueri rather than sell - especially in the current market. However in my case am prepared to back Chin to do further value adding transactions over time.

Regarding balance sheet and related impact on AWN this is due to the range of possibilities (ie. keeping 15-25% and pricing range both materially impact post transaction balance sheet and P&L for AWN) and will be covered at least a week prior to vote:

"the anticipated impact of the transaction on the revenue and profit of Arowana will depend on [the above] ... The Company will issue a supplementary notice to Shareholders providing the above information ... on or about 7 May 2014". (page 14)