Ann: Appendix 3B, page-2

Once again another Loan conversion of shares at .01, at the bottom of the barrel now. Is this to become a new industry diluting genuine shareholders?

2016 Annual Report quotes purchase of Dairy Cows and R2 Heifers. Cows should have calved down twice by now and the R2 Heifers should be coming up to a least their 2nd calving in the next few months. Yet have a look at the 1/2 year results to 31/12/2016 NO REVENUE.

2016 Annual report insinuates that finalization of 1st two farms is near. Shareholders have even voted upon allowing the purchase of farms 1 and 5 then even disclosing the addresses yet to date no announcements as to this ever occurring.

IMO DYOR