Ann: Change in substantial holding from SNO , page-5

So we have Officium Capital [i.e. Snowballs Group] buying back in at a 22.6cps average ton increase its holdings on the substantial list. Being a fund, it was obvious that they took their profits for their clients but the recent buying should also indicate that they are positioning for 2011 and see a bullish year for OVR.

At least we now can confirm that a substantial shareholder is indeed buying at the current share prices. Whether they see the share price as undervalued or overvalued is something investors should assess themselves.