Ann: Appendix 4C - quarterly and Progress Report Q4 FY17, page-26

Harken, have you seen the LC facilities? Freo is a magnet and has flair. Geelong is a marvel. They have Brewbars attached, while GR has a plant. That is it. Why would Kirin aim at another Freo brewsite? Just for the brandnames? Or the contracts? GR is sitting on a small site with no chance of expanding to the left or right side. And I can't see them splashing $A150 mio on a site like Geelong. Sorry mate, that ain't gonna happen. But GR does have potential in its own niche. The products are good and the contracts are viable. Including the Pinnacle/WOW range. I sincerely hope, that they are not ending up like Bluetongue @ Newcastle back then......