Ann: Investor Presentation, page-20

Thanks for you input to the TGR forum "Zigfreed' (did i pronounce it correctly?)

I will just pick up on the points I can add to.

2. The Di-Costi purchase seems like a good strategy to me, More retail channels and channels into the restaurant businesses should have increased the profit margin. I think they paid top dollar though and although they have not said so I do not think it has the profit margin Tassal were expecting. This is based on the progress payments (based on profit) not being as high as the maximum allowable in the contract.

4. I also was hoping for expansion into other species including prawns. To state something like "Our future includes Prawns" but not provide any further update is a tease.

5. I agree fully but expect we will receive a full prospectus when the offer is released. I certainly hope so as the institutions would certainly have received a much fuller position.

"For me the value of the company is now somewhere around 4.20."

This is closer to the value that i have than the unexplained spike up to $4.90
I sold most of my shares at about $4.60 because there was no announced reason for the rise and I made a nice profit.