Compensation, page-3

Bensterz,

The point made by you is a little bit misleading. Here are my arguments:

- you are saying that "the number of shares on issue now is much larger than that in 2014"

- in reality your "much larger" is less than 2: ~490mln shares at the beginning of 2014 and ~960mln now => 960/490=1.96.

Comparing the SP, you will get ~20c then and 4.6c now => 20/4.6=4.35.

So the ratio is 4.35/1.96=2.22, what means that now the shares are 2.22 "cheaper" as at the beginning of 2014.

So a simple arithmetic shows that your point is not quite valid.

Hope this helps.

irynka