Ann: 121 Mining Presentation, Cape Town, page-2

I noticed a difference in the share register from the preso out late last week and the one today. The increase of shares from 248m to 282m we know about as do we changes to holdings from MTR and Aus Super. The one I don’t quite understand is the shares held by management - which increased from 12% to 15.1% which implies an increase of shares held by mgmt from 30m to 43m.

I note with the 3Y’s issued last week no change to director holdings. I therefore presume there was an error in the preso last week in that it only showed shares held by directors rather than directors + mgmt and this has be rectified with the one issued to asx this morning... thoughts?