Ann: Response to Media Reports-CWN.AX, page-17

Between the P.R.C and CWN, I think the bout would be stopped if it were a boxing match. The P.R.C. would win and there would be pretty much a retirement of CWN.

I think CWN is in grave danger and may have to capital raise or issue debt to sustain itself.

The high roller or whales from the mainland were part of CWN's growth strategy and its Sydney strategy.

The way that LendLease (LLC) has traded 2 day, the Barangaroo casino development (there r other commitments in the Barangaroo precinct) now looks like it has been shelved for the forseeable future.