Ann: Scheme of Arrangement and Demerger, page-28

Dear HC guys and gals,

I own about 0.2% of GBG, and I will be voting NO.

This deal is a total rip-off, and gives away the only asset of value GBG actually has. Mt Gunson?! Gimmie a break... and no, I won’t be subscribing to any of your capital raisings.

GBG board is a disgrace. They sold us out to Ansteel long ago when they wrote down the value of Karara shares to NIL. This shareholder shafting has been a long time in the making by this incompetent/corrupt board.

Personally I’d rather see the contingent liabilities get triggered and GBG and/or Karara go up in smoke.

I’d rather get a big fat zero than have Karara stolen from us!