Ann: Notice of General Meeting/Proxy Form, page-2

Resolution 1 – Consolidation of Share Capital
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:

“That, for the purposes of section 254H of the Corporations Act 2001 (Cth) and for all other purposes, the issued capital of the Company be consolidated on the basis that: (a) every ten (10) Shares be consolidated into one (1) Share; and
(b) every ten (10) Options be consolidated into one (1) Option with the exercise price amended in inverse proportion to that ratio,
and, where the number of Shares or Options held by a member of the Company as a result of the consolidation effected by paragraphs (a) and (b) of this Resolution includes a fraction of a Share or Option, the Company be authorised to round that fraction up to the nearest whole Share or Option."